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VEIR Closes $75M Series B to Deliver Superconducting Solutions for AI Data Centers and High-Capacity Power Lines, Driving Grid Resilience and Global Decarbonization

Summary by Intelligence360 News
Munich Re Ventures led the round, joined by new investors Microsoft’s Climate Innovation Fund, National Grid Partners, Piva Capital and Tyche Partners January 28, 2025 09:00 AM Eastern Standard Time WOBURN, Mass.–(BUSINESS WIRE)–VEIR, a leader in superconducting power delivery, today announced the successful closing of an oversubscribed $75 million Series B led by Munich Re Ventures, with participation from new and existing investors. This inves…
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VEIR Closes $75M Series B to Deliver Superconducting Solutions for AI Data Centers and High-Capacity Power Lines, Driving Grid Resilience and Global Decarbonization

Munich Re Ventures led the round, joined by new investors Microsoft’s Climate Innovation Fund, National Grid Partners, Piva Capital and Tyche Partners January 28, 2025 09:00 AM Eastern Standard Time WOBURN, Mass.–(BUSINESS WIRE)–VEIR, a leader in superconducting power delivery, today announced the successful closing of an oversubscribed $75 million Series B led by Munich Re Ventures, with participation from new and existing investors. This inves…

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Intelligence360 News broke the news in on Wednesday, February 5, 2025.
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