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Agentic AI for Power Projects and AI Infrastructure
Paces has raised $15.9M across 3 funding rounds.
Key people at Paces.
Paces was founded in 2022 by Charles Bai (Founder) and James McWalter (Founder).
Paces has raised $15.9M in total across 3 funding rounds.
Energy demand is skyrocketing, and renewable energy is the most scalable path forward. But today’s development process can’t move fast enough to meet global goals.
Paces exists to change that. We are building software and services to accelerate renewable energy deployment and lower costs - unlocking one of the greatest opportunities of our time: transforming how infrastructure gets built and ensuring it’s built with renewable energy.
Paces automates early-stage due diligence and provides the expertise to accelerate late-stage diligence, fast-tracking projects from siting to construction-ready. Our platform supports renewable energy and data center developers, real estate firms, and more by streamlining siting, interconnection, and permitting. With Paces, teams can de-risk decisions, shorten timelines, and get more renewable energy projects built.
Paces is an agentic AI company focused on accelerating the development of power projects and AI infrastructure, particularly in the clean energy sector. It provides software that automates early-stage due diligence and supports late-stage project acceleration by analyzing environmental, permitting, zoning, and energy grid data to identify optimal sites for green infrastructure development. This helps developers avoid costly project cancellations, addressing a $17 billion annual loss due to insufficient upfront analysis. Paces serves green infrastructure developers working on solar, wind, battery storage, hydrogen, EV charging, real estate, and data centers, aiming to become the go-to platform for climate-positive land development[2].
As an investment firm, Paces Ventures (distinct from the company Paces) focuses on agentic AI startups, recognizing the transformative potential of autonomous AI agents in enterprise workflows. Their investment philosophy centers on backing companies that leverage agentic AI to automate complex business processes, enhancing productivity and operational efficiency. Key sectors include AI infrastructure, healthcare, finance, and industrial workflows. Their impact on the startup ecosystem is significant, fueling the rapid growth of agentic AI companies that shift AI from assistive tools to autonomous collaborators[6].
Paces, the AI company, was founded in early 2022 by Charles and James, who identified the critical gap in early-stage due diligence for clean energy projects. The founders recognized that many projects fail due to lack of accessible, integrated data on zoning and grid interconnection, which motivated them to build a platform that aggregates and analyzes diverse datasets using AI to streamline project siting and development[2].
Paces Ventures, the investment firm, emerged as a key player in the agentic AI boom, investing in startups that develop autonomous AI agents capable of complex decision-making and workflow automation. Their focus evolved alongside the maturation of agentic AI technology, emphasizing companies that move beyond traditional AI and generative AI to fully autonomous systems that can independently plan and execute tasks[6].
*For Paces (the company):*
*For Paces Ventures (the firm):*
Paces rides the critical trend of agentic AI, which represents a leap from traditional AI and generative AI to autonomous AI systems capable of independently planning and executing complex workflows. This evolution is timely due to increasing demand for automation in climate infrastructure development and enterprise operations. Market forces such as the urgent need for clean energy, regulatory complexity, and the high cost of project failures create strong tailwinds for Paces’ platform. By enabling developers to make data-driven siting decisions, Paces accelerates the deployment of green infrastructure, contributing to climate goals and reshaping how physical projects are planned.
Similarly, Paces Ventures capitalizes on the agentic AI boom, investing in startups that transform enterprise workflows across industries like pharma, finance, and IT. Their influence helps shape the broader AI ecosystem by supporting technologies that move AI from assistance to autonomous collaboration, driving operational agility and competitive advantage for enterprises[2][5][6].
Paces is poised to expand its platform’s capabilities and market reach, potentially becoming the standard tool for climate-positive infrastructure development worldwide. As regulatory environments tighten and the clean energy transition accelerates, demand for AI-driven project optimization will grow. Trends such as integration with real-time grid data, expanded AI-driven permitting assistance, and broader infrastructure types will shape Paces’ evolution.
For Paces Ventures, the future involves deepening investments in agentic AI startups that push the boundaries of autonomous AI in enterprise settings. As agentic AI matures, these companies will increasingly replace manual workflows, driving efficiency and innovation. The firm’s influence will likely grow as it helps define best practices and governance for deploying autonomous AI at scale.
Together, Paces and Paces Ventures illustrate the transformative potential of agentic AI—from enabling sustainable infrastructure development to revolutionizing enterprise automation—marking a significant inflection point in AI’s role in society and business[2][6].
Key people at Paces.
Paces was founded in 2022 by Charles Bai (Founder) and James McWalter (Founder).
Paces has raised $15.9M in total across 3 funding rounds.
Paces's investors include Navitas Capital, 8VC, Autotech Ventures, Bessemer Venture Partners, Floodgate, UpHonest Capital, Y Combinator.
Paces has raised $15.9M across 3 funding rounds. Most recently, it raised $11.0M Series A in August 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2024 | $11.0M Series A | Navitas Capital | |
| Jun 6, 2022 | $1.9M Other Equity | ||
| Jun 1, 2022 | $3.0M Seed | 8VC, Autotech Ventures, Bessemer Venture Partners, Floodgate, UpHonest Capital, Y Combinator |