Gradiant has closed its Series E financing round at a US$2bn valuation, as the industrial water technology company looks to accelerate expansion across AI infrastructure, semiconductor manufacturing, and other water-intensive industries.
The financing round was led by Safar Partners and Hostplus Superannuation Fund, with participation from ClearVision Ventures and other global investors.
The fresh capital will support Gradiant’s global expansion plans, including strategic acquisitions, R&D, operational scaling, and preparations for a potential IPO.
The company said demand has surged alongside the rapid growth of AI infrastructure and semiconductor manufacturing, sectors where water availability and efficiency are becoming increasingly critical. Gradiant reported record backlog and pipeline growth across data centres, semiconductor fabs, and power projects, while maintaining strong business momentum in F&B, pharmaceuticals, mining, petrochemicals, and energy.
Gradiant develops water and wastewater treatment technologies powered by a digital AI platform, helping industrial customers improve water reuse, reduce wastewater discharge, and lower energy consumption.
“AI is re-making the global economy, but behind every chip and every data centre lies massive and growing water demand,” said Anurag Bajpayee, co-founder and executive chairman of Gradiant.
“This new financing gives us more firepower to expand faster, double down on our R&D, and continue building the defining water company of the AI era.”
Hostplus Superannuation Fund CEO David Elia said the convergence of AI infrastructure growth, industrial sustainability, and water scarcity presents “a once-in-a-generation opportunity” for the sector.