Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

Joule

Explore full profile

Grid-independent data center infrastructure for AI workloads

United StatesFounded 2022Energy
Valuation $250–500M Last recorded · 2026
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Joule and the history behind them.

About Joule

Joule is a digital infrastructure and energy company developing data center infrastructure specifically engineered for high-density AI workloads. The company was co-founded by Mark McDougal, who is converting part of his family's 4,000-acre alfalfa farm in Millard County, Utah, for the project. Other founders include Brock Andrus, David J. Gray, Conor Andrus, and Brad Andrus. The project broke ground in November 2025.

Joule's core offering is the BetterGrid™ platform, which aims to deliver power certainty and speed to market for large-scale computational workloads by developing independent, behind-the-meter energy systems. This approach is designed to bypass the multi-year grid interconnection delays often faced by data center developers. The company owns its complete infrastructure stack, including 4,000 acres of land, 10,000 acre-feet of water rights, and direct natural gas interconnections. The campus is located at over 4,800 feet above sea level, providing an optimal climate for cooling efficiency.

The business model centers on leasing space and providing integrated power infrastructure to hyperscalers and other clients with demanding AI workloads. Instead of connecting to an overburdened public utility, Joule generates its own power on-site. The initial phase will feature 1.7 gigawatts of natural gas power-generation equipment from Caterpillar, with initial deliveries starting in March 2026. The project plans to deliver 455MW of operational capacity in the fourth quarter of 2026, with a goal to eventually scale up to 12 gigawatts. The system is designed for N+2 redundancy and uses a Combined Heat and Power (CHP) system that turns waste heat into cooling capacity, making it highly efficient. It also utilizes advanced water recovery systems to use 90% less water than traditional data centers.

The data centers are purpose-built for AI, supporting rack densities up to 800kW and liquid-cooling infrastructure from day one. The campus features robust physical security and multi-terabit fiber connectivity from carriers like Lumen, Zayo, AT&T, and Verizon. Joule has raised $63 million in funding from investors including Clearlake Capital Group and Foulger-Pratt.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2022
Headquarters
United States
Employees
5
Open positions
None listed
Dealroom signal
67.5/100
Industry
Energy
Sub-industry
Energy Efficiency
Sector
Energy, Microgrid, Generative AI, Data Centers, AI Computing Infrastructure
Technology
Artificial Intelligence
Business model
SaaS
Client focus
b2b

Funding history

2 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Jan 2026 $60M $240M Clearlake Capital Group · Foulgerpratt ↗
SERIES AOther financing Jan 2025 $3M $12M Undisclosed ↗
Showing the latest 2 of 2 recorded eventsBook a demo for the full funding history →

Growth signals

Joule website traffic

Latest recorded traffic for Joule is 1.5K monthly website visits, down 21.1% over the last three months. Joule's team declined 16.7% over the past year.

Latest monthly visits1.5K 3-month web change-21.1% 1-year team growth-16.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

  • Clearlake Capital Group
  • Foulgerpratt
Team profiled 1 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Joule on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Joule’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.