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VEIR
United States · Industrial tech · Hardware
VEIR designs superconducting power delivery systems for AI data centers.
Power delivery for dense computing
VEIR helps data center owners and operators deliver electricity to increasingly power-intensive AI computing systems. Its customers and partners include hyperscalers, chip developers and equipment manufacturers.
Integrated superconducting systems
Its low- and medium-voltage products combine superconducting materials with cryogenic cooling, controls and system engineering. The goal is to carry more power through less physical space, reducing the footprint and complexity of electrical infrastructure.
Founded in 2019 and headquartered in Woburn, Massachusetts, VEIR is developing systems for repeatable deployment within data center campuses.
Funding history
2 rounds · 2 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Series C | $110M | Matter Venture Partners — LeadTyche Partners — LeadCongruent Ventures — ParticipantEngine Ventures — ParticipantGalvanize — ParticipantGates Frontier — ParticipantHui Capital — ParticipantLG Technology Ventures — ParticipantPiva Capital — ParticipantSabanci Climate Ventures — ParticipantVXI Capital — Participant | |
| Series B | $75M | Munich Re Ventures — LeadBreakthrough Energy Ventures — ParticipantCongruent Ventures — ParticipantDara Holdings — ParticipantEngine Ventures — ParticipantFine Structure Ventures — ParticipantGalvanize — ParticipantMicrosoft Climate Innovation Fund — ParticipantNational Grid Partners — ParticipantPiva Capital — ParticipantSiteGround Capital — ParticipantTyche Partners — ParticipantVXI Capital — Participant |