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By Nikki Cabus

Open AI CEO Sam Altman invests in South Florida AI data center energy startup Exowatt

Read Time 4 Minutes

Exowatt, a next-generation renewable energy company, unveiled a first-of-its-kind modular energy platform designed to power energy-intensive data centers along with a $20 million seed round from a16z, Atomic, and Sam Altman.

As the boom in AI technology escalates both the demand and the energy costs for data centers, Exowatt’s solution arrives at a critical time.

Exowatt, headquartered in Miami, is a next generation renewable energy company providing commercial and industrial customers with modular energy solutions tailored for energy-intensive applications like data centers. Founded in 2023 by Hannan Parvizian and Atomic CEO Jack Abraham, Exowatt’s mission is to make sustainable renewable energy always available and almost free. Exowatt is backed by a16z, Atomic, and Sam Altman.

Exowatt’s flagship product, the Exowatt P3, represents a significant innovation in energy technology. It consists of a modular, 3-in-1 system, a heat collector, a heat battery, and a heat engine capable of providing dispatchable power and heat throughout the day. Unlike traditional solar panels that convert sunlight into electricity directly, Exowatt uses a unique approach by storing solar energy in a thermal battery, which can retain this energy for up to 24 hours per day. The Exowatt P3 modules are designed to fit the space of a standard 40-foot shipping container. They can be deployed on small and large commercial and industrial projects, linearly scaling with workload size and infrastructure requirements.

“Unlike traditional solutions that require significant upfront costs and extended setup times, Exowatt’s modular system can be deployed rapidly and cost-effectively – and it’s available this year,” said Exowatt CEO and Co-Founder Hannan Parvizian.

“Exowatt is built to respond quickly to the escalating energy demands of the modern world, especially those spurred by the rapid growth of AI.”

Exowatt’s approach involves storing heat instead of electricity, allowing it to store energy at a fraction of the cost of electrochemical batteries and without any supply chain dependency on scarce rare earth materials. Its heat engine design will enable it to dispatch electricity 24 hours a day, ensuring that Exowatt’s energy solutions are reliable around the clock, regardless of weather conditions.

As its technology scales, Exowatt expects to be able to offer electricity for as low as $0.01 per kilowatt-hour, or even less in some cases, which will make it lower cost than fossil fuels and other renewable energy alternatives.

“AI models have been doubling in size every three months—a pace that requires significantly more data center power,” said Jack Abraham, CEO of Atomic and Co-Founder of Exowatt.

“In order to keep up with AI advancements, we need more sustainable energy solutions, which is why we started Exowatt. Our mission is to provide extremely low-cost energy that advances the capabilities of global AI infrastructure while protecting our planet.”

Founded in 2012, Atomic is the venture studio headquartered in Miami that pioneered the model of starting companies by pairing founders with the best ideas, teams, and resources and funding those with the most potential. When entrepreneurs co-found with Atomic, they team up with an experienced group of operators who have started dozens of companies and created billions of dollars in enterprise value. Companies like Butter, Found, $HIMS, Homebound, OpenStore, and Replicant were started at Atomic along with dozens more.

Jack Abraham and Hannan Parvizian founded Exowatt at Atomic to tackle the significant energy needs of AI and data centers. Hannan brings extensive experience from the energy sector and a background in building complex hardware products at scale, having worked at Tesla, General Electric, and Siemens and founded and sold a company that developed and sold advanced delivery drones. Jack has started dozens of companies and built Atomic into the leading venture studio, with a vision to identify some of the world’s biggest problems and build companies to solve them.

“Exowatt is an innovative company helping to meet our country’s growing energy needs,” said Katherine Boyle, General Partner at Andreessen Horowitz. “By committing to full U.S. manufacturing with domestically sourced components, Exowatt will significantly strengthen our national infrastructure and resilience.”

Andreessen Horowitz (aka a16z) is a venture capital firm that backs bold entrepreneurs building the future through technology. They are stage agnostic investing in seed to venture to growth-stage technology companies, across AI, bio and healthcare, consumer, crypto, enterprise, fintech, games, and companies building toward American dynamism. a16z has $42B in assets under management across multiple funds.

Exowatt has a backlog of demand for over 500 megawatts for data centers across the U.S. and plans to begin deployments later this year. With this $20 million seed funding, Exowatt intends to expand its team and deploy the Exowatt P3 with its first set of data center customers.

To learn more about Exowatt, visit

By Adam Elitzur

Former South Floridian Farza Majeed raised $10M for school backed by Andreessen Horowitz; now helping others’ ideas come to life

Read Time 4 Minutes

Buildspace, a school that aims to help people learn how to build businesses in domains they love,  raised $10 million from funders such as Andreessen Horowitz, Founders Inc and Y-Combinator.

The school is now offering a six-week, free, online Nights & Weekends program, where creators can pick an idea and build it with the guidance of mentors and peers. Any idea is possible in Nights & Weekends, with projects ranging from software such as AI or blockchain, engineering a bike that powers electricity, or art such as music and films. It’s a place where you can figure out what you’re passionate about, create something you love working on, and then learn how to turn that creation into a financially sustainable path you can pursue full-time.

Nights & Weekends is geared towards those who are working or studying full-time during the week and are excited to devote 6 weeks of their spare time to advance an idea that they have. The program is designed to be flexible and fun, with no lectures or homework. Instead, participants get access to live sessions with mentors and experts. They also get to interact with other builders in a supportive and collaborative community.

During the six-week program, participants decide on a goal for their idea which they work on throughout the entirety of the program. The schedule is pretty simple:

  • Week 1: Lock Down Your Idea
  • Week 2: Create Version One of Your MVP
  • Week 3 – 6: Iterate On Your Idea Alongside Thousands of Others
  • End of Week 6: Demo Day

During demo day, participants present their projects including their progress and struggles. 32 participants are picked to compete for a cash prize. Last season, Season 3, Buildspace awarded a total of $100,000 to four builders. A musician, a film maker, a game developer, and a farmer each received $25,000 as support in continuing to build their projects.

Elea Vogli, who is writing an album, Esther Joy, who is creating eco chamber DAO to make community gardening easier, Chaos Town, which is a local documentary series based in Portland, and Hussain, who is creating Split Horizons, a game about a girl exploring imaginary environments and finding a way to go beyond them.

Season 3 graduated 450 people from the program. Their demos are available on the Buildspace website.

Nights & Weekends culminates with events held in both San Francisco and Dubai where participants can finally meet in person, network and showcase their projects.

Buildspace claims that its programs are suitable for anyone who wants to learn new skills and build something cool, regardless of their background or experience level. The company says that its mission is to help people be able to work full-time on their dream creations sustainably. Therefore, Buildspace’s programs are free for users and Buildspace is profitable off of their sponsorship and partnership model.

“I started Buildspace because I wanted to build the school that I wish I had,” stated Farza Majeed, Founder of Buildspace. “When I was going to university, it was very strange for someone to be working on their own ideas and pursue the path of not getting a job. I want to make that a path that is more default.”

Founder Farza Majeed was raised in Pembroke Pines, Florida. He founded Buildspace, originally named ZipHomeschool, in December 2019.  ZipHomeschool aimed to build software to help parents homeschool their kids. The company then pivoted to a learning platform for users to explore their career options, mainly in web3 and Artificial Intelligence. Now, Buildspace is primarily focusing on their Nights & Weekends program, as well as a new school in San Francisco, with the first three-month cohort starting in July.

Majeed and the team are looking to grow Buildspace with campuses internationally, making it accessible to people around the world regardless of their visa. Buildspace has a hub in San Francisco, is expanding to Dubai and India and is eventually planning to build a very large campus.

Majeed has advice for people who have an idea but are not sure where to start.

“Don’t overcomplicate it, just get something out there that you are kind of embarrassed by,” he stated. “It’s ok to be embarrassed by it. Show other people, because there are not many people in the world who go from idea to showing other people their idea. If you’re already doing that, you are in the minority. Just get something out there, you have nothing to lose and everything to gain. Very few people understand this, you don’t need a thought together business, it doesn’t even need to make sense, it just needs to make you feel some joy.”

Applications are now open for Season 4 of the Buildspace Nights & Weekends program. The program begins on August 5th.

Open AI CEO Sam Altman invests in South Florida AI data center energy startup Exowatt
Former South Floridian Farza Majeed raised $10M for school backed by Andreessen Horowitz; now helping others’ ideas come to life