VEIR logo — VEIR has developed a new generation of power delivery soluti...

VEIR

VEIR has developed a new generation of power delivery solutions for data centers and the grid.

Founded 2019 United States Woburn, United States 94 employees Series B Total: $117.05M Energy, Renewable Energy

General Information

Company Name VEIR
Founded Year 2019
Location United States Woburn, United States +1
Employees 94
Industries Energy, Renewable Energy
Funding Stage Series B
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About VEIR

VEIR, founded in 2019, is pioneering in the Energy and Renewable Energy sectors with its innovative power delivery solutions tailored for data centers and grid enhancements. Based in the United States, the company employs advanced superconductors to meet the escalating power demands posed by data centers, far surpassing current busbar and cable capacities.

Their proprietary superconducting transmission lines elevate energy infrastructure by delivering power densities 5-10 times higher than standard lines at equivalent voltage levels, thus facilitating quicker integration of new energy sources, advancing global decarbonization efforts, and boosting grid reliability.

Recently, VEIR secured a $75.00M Series B investment on January 28, 2025, with participation from noteworthy investors such as The Engine, Galvanize Climate Solutions, and Microsoft Climate Innovation Fund, to name a few. This substantial investment underlines the trust and potential seen in VEIR's cutting-edge technology and growth trajectory in transforming energy delivery systems globally.

Taxonomy: Superconducting Technology, Power Delivery Solutions, Data Center Infrastructure, High-Density Power Transmission, Energy Infrastructure Innovation, Electrical Grid Reliability, High-Temperature Superconductors, Cryogenic Cooling Technology, Evaporative Cooling Systems, Decarbonization Solutions, Energy Efficiency, Grid Capacity Enhancement, Renewable Energy Integration, Advanced Transmission Lines, Innovative Cooling Solutions

Services & Products

Power transmission solutions
Data center power optimization
Grid resilience technology
Conductor and cooling system design

Target Customers

Data centers Power generation developers Utility companies Industrial infrastructure planners

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Series B •••••• 13
Investor Investor Investor Investor Investor Investor Investor Investor Investor Investor Investor Investor
•••• ••••
01 Jan 2025
Series A •••••• 6
Investor Investor Investor Investor Investor Investor
01 May 2023
Grant •••••• 2 •••• •••• 01 Jul 2022
Series A •••••• 3
Investor Investor Investor
01 Mar 2021
Early VC •••••• - 01 Jan 2020

View All 6 Funding Rounds

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FAQ About VEIR

VEIR has developed a new generation of power delivery solutions for data centers and the grid.
VEIR was founded in 2019.
VEIR is headquartered in Woburn, United States.
VEIR operates in the following industries: Energy, Renewable Energy.
VEIR has approximately 94 employees.
VEIR has completed 6 funding rounds, raising a total of $117.05M. The latest funding stage is Series B.
VEIR offers: Power transmission solutions, Data center power optimization, Grid resilience technology, Conductor and cooling system design.
Top alternatives and competitors to VEIR include NPC UKRENERGO, Fingrid Oyj, Sentrisense, Heimdall Power, AESO. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
VEIR and NPC UKRENERGO are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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