PADO raises $6M
PADO closed a $6M seed round led by NovaWave to build energy‑efficient data‑center tech aimed at the AI era — a timely angle as model compute demand climbs. (x.com).
LG NOVA publicly unveiled PADO as a new energy‑orchestration venture on May 28, 2025, positioning the startup as a commercial spin‑out focused on data‑center energy management. (prnewswire.com ) PADO’s CEO and co‑founder is Wannie Park, whose prior roles include SVP of Partnerships and Corporate Development at Bidgely, CEO of Zen Ecosystems, and senior business development positions at Inspire and Intel Capital. (unite.ai ) The platform combines AI and ML to orchestrate compute and power in real time, advertising capabilities such as intelligent workload shifting, zonal precision cooling and battery energy‑storage (BESS) optimization for on‑site DER monetization. (compuserve.com ) PADO has framed its offering around a “Compute per Megawatt” methodology and explicitly targets mid‑market colocation facilities that are constrained by existing power envelopes. (lgnova.com ) Company communications state the recent investment will be directed toward accelerating product delivery and expanding global market penetration with a focus on mid‑market colocation operators, per a March 19, 2026 corporate release from Malibu, California. (yahoo.com ) NovaWave Capital, characterized by LG NOVA as a supported investment vehicle, has been expanding its fund platform and announced an Arizona AI venture‑studio collaboration and LP additions in January 2026. (lgnova.com )
