VEIR raises $110M to swap copper for superconductors in AI data centres
VEIR’s cables, cooled to very low temperatures, carry more power than copper in less space. The company is moving from a 3-megawatt demonstration to its first commercial superconducting power projects.
Via TNW | Investors-funding
Tim Heidel, chief executive and co-founder of VEIR
Credit: VEIR
VEIR has raised $110 million in a Series C round. The Massachusetts company makes superconducting power cables for AI data centres. Matter Venture Partners and Tyche Partners co-led the round, which VEIR called oversubscribed.
LG Technology Ventures, Gates Frontier, Sabanci Climate Ventures and Hui Capital joined as new investors. Existing backers also took part, including Engine Ventures, Galvanize Climate Solutions, Piva Capital, Congruent Ventures and VXI Capital. VEIR has now…
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