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Veir Closes $75M Series B Funding

Summary by FinSMEs

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 joine…

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Veir Secures $75M To Expand Superconducting Power For AI Data Centers And Grid Resilience

Veir secures $75 million in Series B funding to scale its superconducting power transmission technology, which enhances energy efficiency for AI data centers and power grids. By transmitting up to ten times more electricity than traditional cables, the technology supports growing AI workloads and helps integrate renewable energy into existing infrastructure. Backed by investors like Munich Re Ventures and Microsoft’s Climate Innovation Fund, Vei…

24 days ago

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