VEIR Secures $110 Million to Revolutionize Power Delivery for AI Data Centres
Hamid Siddiqui
News
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VEIR has successfully raised $110 million in a Series C funding round led by Matter Venture Partners and Tyche Partners. The Massachusetts company specializes in superconducting power cables tailored for AI data centres. Its innovative systems promise efficient power delivery while minimizing space and installation costs. With a total of $225 million raised, VEIR aims to expand manufacturing and launch commercial projects.