Veir, a Woburn, MA-based superconducting power delivery company, raised $75M in Series B funding.
The round was led by Munich Re Ventures, with participation from Microsoft’s Climate Innovation Fund, Tyche Partners, Piva Capital, National Grid Partners, Dara Holdings and SiteGround. Existing investors VXI Capital, Breakthrough Energy Ventures, Congruent Ventures, Engine Ventures, Fine Structure Ventures and Galvanize Climate Solutions also joined the round.
The company intends to use the funds to accelerate its commercialization efforts for its solutions serving data centers, utilities, and renewable energy developers.
Led by CEO Tim Heidel, Veir offers superconducting solutions for data centers, operating at the same voltage and enabling a smaller electrical footprint. Its high-power-density solutions offers data center operators opportunities to improve efficiency, server latency, and simplify campus designs.
FinSMEs
29/01/2025