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INTERSECT
Intersect
Energy / AI Infrastructure · San Francisco, California · United States · Founded · 2020 · ≈ · 80 · employees

Intersect Funding — Last Valued at $4.8B

Acquired

Intersect has raised $6.3B across 2 funding rounds, plus 1 undated round. The latest round valued Intersect at $4.8B market cap.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Intersect funding · at a glance
Total raised, all rounds
$6.3B
sum of disclosed sizes
Funding rounds
2
plus 1 undated round
Latest round
$4.8B
market cap · Mar 2026
Lead on that event
not disclosed
2026
About Intersect

Intersect's independent operations, the Texas and California assets excluded from the Alphabet acquisition, are backed by Google, TPG Rise Climate, Climate Adaptive Infrastructure and Greenbelt Capital Partners, which held minority stakes from an earlier funding round.

Funding timeline

The Intersect funding timeline

2 funding rounds, the latest highlighted.

2020
Intersect founded

Intersect was founded in 2020, United States.

UNDATED
Growth equity

No date is disclosed for this round.

DEC 2024
Growth round

A primary round — the company sells new shares to investors it selects. $800M raised, led by Google, TPG Rise Climate.

Valuation basisAmount$800MPrice / shareLeadGoogle, TPG Rise Climate
MAR 2026LATEST
Acquisition at $4.8B market cap

A primary round — the company sells new shares to investors it selects. $4.8B raised.

Valuation basismarket capAmount$4.8BPrice / shareLead
STATUS: ACQUIRED

No longer independent.

Funding rounds

Intersect funding rounds in full

2 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Acquisition LATEST
Mar 2026
$4.8B
$4.8Bmarket cap
—
—
—
Growth round
Dec 2024
$800M
—
—
Google, TPG Rise Climate
—
Growth equity
—
$750M
—
—
TPG Rise Climate, Trilantic Energy Partners
—
Intersect · investors

Investors

TTPG Rise ClimateLEADTTrilantic Energy PartnersLEADGoogleLEAD

Frequently asked questions

What is Intersect's valuation?›

The last valuation is $4.8B (market cap).

Who has invested in Intersect?›

Lead investors for each round are in the funding timeline.

Who are Intersect's competitors?›

The closest energy / ai infrastructure peers are on the competitors page.

How can I get exposure to Intersect?›

The routes section explains what is realistically available for a company at this stage.

Is Intersect publicly traded?›

No. Intersect was acquired by Alphabet/Google Energy and power technology company; its shares do not trade independently.

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