VEIR
Assembly Line
VEIR Closes $75M Series B to Deliver Superconducting Solutions for AI Data Centers and High-Capacity Power Lines, Driving Grid Resilience and Global Decarbonization
VEIR, a leader in superconducting power delivery, has closed a $75 million Series B funding round led by Munich Re Ventures. The investment will accelerate VEIR’s commercialization efforts for its innovative superconducting solutions, which provide up to 10 times the power of traditional cables while operating at the same voltage. This technology enables data centers to achieve efficiency, improved server latency, and simplified campus designs, while also supporting the integration of renewable energy resources onto the grid. With global energy demand projected to increase by over 30% in the next two decades, VEIR’s solutions address the challenges of bottlenecked transmission and distribution systems, enabling existing transmission lines to carry significantly more power. The company’s technology has the potential to drive grid resilience and global decarbonization, and has garnered support from investors such as Microsoft’s Climate Innovation Fund, which seeks to enable a decarbonized grid.