Gradiant has announced the completion of its Series E financing round, valuing the company at $2bn. The financing was led by Safar Partners and Hostplus Superannuation Fund, with participation from ClearVision Ventures and other global investors.

The funding will support Gradiant’s continued international expansion, including strategic acquisitions, accelerated research and development, and further investment in operational scale and IPO readiness. The announcement comes amid strong commercial momentum for the company, driven by rapid growth in AI infrastructure, semiconductor manufacturing and other mission-critical industries requiring advanced water solutions.

Gradiant is currently experiencing the largest backlog and strongest project pipeline in its history, with significant growth across data centres, semiconductor fabrication facilities and the power sector. The company also continues to see strong demand from industries including food and beverage, pharmaceuticals, petrochemicals, mining and energy. As AI infrastructure expands rapidly worldwide, water availability has emerged as a critical factor affecting growth, reliability and sustainability.

Gradiant’s proprietary technologies, supported by its digital AI platform, are designed to help customers across essential industries secure water supplies, maximise water reuse, minimise wastewater discharge and reduce energy consumption in some of the world’s most water-intensive operations. In recent years, the company has become one of the fastest-growing businesses in the water sector, driven by its technology portfolio, vertically integrated execution model and leadership strategy.

“AI is reshaping the global economy, but behind every semiconductor chip and data centre lies significant and growing water demand,” said Anurag Bajpayee, co-founder and executive chairman of Gradiant. “Gradiant is positioned at the centre of this transformation. We address some of the world’s most critical water challenges while enabling essential industries to grow reliably and sustainably. This financing strengthens our ability to expand more rapidly, invest further in R&D and continue building a leading water company for the AI era.”

David Elia, chief executive officer of Hostplus Superannuation Fund, said the convergence of AI infrastructure growth, semiconductor manufacturing, industrial sustainability and water scarcity is creating a major market opportunity. “We are pleased to support Gradiant through its next phase of growth, building on its strong technological leadership, proven execution capability and market momentum,” Elia said.

Nader Motamedy, managing partner at Safar Partners, added: “Gradiant is one of the few water companies with genuinely differentiated technology operating profitably and at scale while serving some of the world’s largest and most essential industries. We are proud to support the company as it continues to establish itself as a leading industrial technology business globally.”