VEIR
VEIR develops superconducting power delivery solutions for AI data centers and high-capacity power lines. Their technology offers up to 10 times the power of traditional cables, improving efficiency and enabling smaller electrical footprints for data centers and enhancing grid resilience. VEIR's solutions also address challenges in integrating renewable energy resources onto the grid.
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Funding Round: Series B
Funding Amount: $75M
Date: 28-Jan-2025
Investors: Munich Re Ventures, Microsoft’s Climate Innovation Fund, National Grid Partners, Piva Capital, Tyche Partners, Dara Holdings, SiteGround, VXI Capital, Breakthrough Energy Ventures, Congruent Ventures, Engine Ventures, Fine Structure Ventures, Galvanize Climate Solutions
Markets: Energy, Technology, AI, Utilities, Electrical Distribution, Power Grid, Solar
HQ: Woburn, Massachusetts, United States
Founded: 2019
Website: https://veir.com/
LinkedIn: https://www.linkedin.com/company/veir-energy
Twitter: https://twitter.com/VEIR_Grid
Crunchbase: https://www.crunchbase.com/organization/veir
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