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VEIR raised $75M in a Series B led by Munich Re Ventures to accelerate commercialization of superconducting solutions for data centers and power lines.

Jan 28, 2025•6 months ago

Amount Raised

$75 Million

Round Type

series b

WoburnOther

Investors

Munich Re Ventures

Description

VEIR has successfully closed an oversubscribed $75 million Series B funding round, aimed at enhancing its innovative superconducting power delivery solutions. The investment will support the commercialization efforts for serving data centers, utilities, and renewable energy developers.

Company Information

Company

VEIR

Location

3 Gill Street Suite D

Woburn, Massachusetts, United States

About

VEIR’s mission is to revolutionize the future of power and data infrastructure by delivering superconducting solutions that drive unparalleled performance in AI-driven data centers and empower utilities to deliver expanded, accessible, and resilient energy solutions.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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