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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
Employees 94
Industries Energy, Renewable Energy
Funding Stage Series B
Business Model B2B, B2B2B
Revenue Model Product Sales, Service Fee, Leasing/Rental
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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.

Business keywords: 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 $75.00M 13
Congruent Ventures Breakthrough Energy Ventures Piva Capital
Congruent Ventures, Breakthrough Energy Ventures +11
01 Jan 2025
Series A $24.90M 6
Congruent Ventures The Engine Breakthrough Energy Ventures
Congruent Ventures, The Engine +4
01 May 2023
Grant $3.33M 2
ARPA-E, US Department of Energy
01 Jul 2022
Series A $10.97M 3
Congruent Ventures The Engine Breakthrough Energy Ventures
Congruent Ventures, The Engine +1
01 Mar 2021
Early VC $850.00K -
01 Jan 2020
Seed $2.00M 2
Congruent Ventures Breakthrough Energy Ventures
Congruent Ventures, Breakthrough Energy Ventures
01 Jun 2019

VEIR Alternatives & Competitors

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VEIR vs
Heimdall Power
Heimdall Power Norway

Changing how power grids and power systems are operated worldwide.

Series B
49 employees
Energy, Renewable Energy
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VEIR vs
Ore Energy
Ore Energy The Netherlands

Turning iron, water and air into the missing piece of the world’s energy transition.

Series A
48 employees
Climate Tech, Energy
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VEIR vs
Reinhausen
Reinhausen Germany

THE POWER BEHIND POWER. #reinhausen

1491 employees
Consumer Electronics, Energy
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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 Energy and Renewable Energy. Its work centres on Superconducting Technology, Power Delivery Solutions, Data Center Infrastructure and High-Density Power Transmission. Its customers include Data centers, Power generation developers and Utility companies.
VEIR has a B2B and B2B2B business model. Its revenue comes from Product Sales, Service Fee and Leasing/Rental.
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 Heimdall Power, Ore Energy, Reinhausen, Airthium, Commonwealth Fusion Systems. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
VEIR and Heimdall Power 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.

Source: BounceWatch company record for VEIR, https://bouncewatch.com/company/veir, updated 10 March 2026. When citing, please name BounceWatch and link this page.

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