Gradiant has closed its Series E financing round at a valuation of $2 billion, as demand grows for industrial water solutions supporting AI infrastructure and semiconductor manufacturing.
The funding round was led by Safar Partners and Hostplus Superannuation Fund. ClearVision Ventures and other global investors also participated.
The company said the financing will support global expansion, strategic acquisitions, research and development, and operational scaling. Funds will also be used to strengthen IPO readiness.
The announcement comes amid rising demand for advanced water infrastructure across AI data centers, semiconductor fabs, and other industrial sectors.
As AI infrastructure expands globally, water consumption is becoming a major operational challenge. Semiconductor manufacturing facilities and hyperscale data centers require large volumes of water for cooling and production processes.
Gradiant said it is currently seeing the largest backlog and strongest business pipeline in its history. Growth is being driven by demand from semiconductor fabs, data centers, and power infrastructure projects.
The company also reported continued business momentum across food and beverage, pharmaceuticals, petrochemicals, mining, and energy sectors.
Gradiant develops industrial water and wastewater treatment technologies. Its systems are designed to help customers secure water supply, increase water reuse, reduce wastewater discharge, and lower energy consumption.
The company said its technologies are supported by a digital AI platform focused on improving industrial water efficiency.
Anurag Bajpayee, co-founder and executive chairman of Gradiant, said the rapid growth of AI infrastructure is driving significant increases in water demand worldwide.
He said the new financing would help the company accelerate expansion plans and strengthen research and development efforts.
David Elia, CEO of Hostplus Superannuation Fund, said the combination of AI infrastructure growth, semiconductor manufacturing expansion, industrial sustainability requirements, and water scarcity is creating major market opportunities.
Nader Motamedy, Managing Partner at Safar Partners, said Gradiant has established strong technology capabilities while scaling operations across critical industrial sectors.
The company said it has emerged as one of the faster-growing firms in the industrial water sector in recent years. Its growth has been supported by increasing demand for sustainable water management technologies in advanced manufacturing and industrial operations.
Industry analysts expect water infrastructure to become an increasingly important part of AI and semiconductor expansion as governments and companies focus on sustainability, resource efficiency, and supply chain resilience.
