VEIR is using superconductors to deliver the high power density needed for the rapid expansion of data centers, where power requirements exceed the limits of existing busbar and cable solutions. Our next-gen superconducting transmission lines represent a major leap in energy infrastructure, delivering 5-10 times more power than conventional lines at the same voltage level. This increase in capacity helps bring new power generation sources online faster, drives global decarbonization, and strengthens the reliability of the electrical grid.
Location: United States
Total raised: $184.9M
Investors 7
| Date | Name | Website |
| - | Free Elect... | freeelectr... |
| 05.03.2021 | Baruch Fut... | baruch.vc |
| 18.05.2023 | Congruent ... | congruentv... |
| - | Breakthrou... | breakthrou... |
| - | Fine Struc... | finestruct... |
| - | Engine Ven... | enginevent... |
| 28.03.2025 | Piva Capit... | piva.vc |
Funding Rounds 4
| Date | Series | Amount | Investors |
| 26.02.2026 | - | $75M | Microsoft ... |
| 07.02.2025 | Series B | $75M | Munich Re |
| 30.07.2023 | Series A | $24.9M | Congruent ... |
| 04.03.2021 | Series A | $10M | - |
Mentions in press and media 12
| Date | Title | Description |
| 26.02.2026 | High-Temperature Superconductors Could Redefine Data Center Power Density | Image: larich/Envato The dramatic growth of AI data centers and their ever-increasing need for energy is creating challenges across the power industry. Despite grid investment worldwide reaching $483 billion in 2025, according to BloombergN... |
| 12.11.2025 | Microsoft-backed VEIR is Bringing Superconductors to Data Centres | - |
| 07.02.2025 | VEIR raises $75 million with support from Munich Re Ventures | VEIR VEIR Founded: 2019 Headquarters: Boston, Massachusetts, United States Total Funding: $111.73M See full company profile "> , a US-based developer of superconducting power transmission technology, has raised $75 million in a Seri... |
| 31.01.2025 | The Week’s Biggest Funding Rounds: Helion Energy Takes Top Spot In Another Slow Week | 5 Shares Email Facebook Twitter LinkedIn Want to keep track of the largest startup funding deals in 2025 with our curated list of $100 million-plus venture deals to U.S.-based companies? Check out The Crunchbase Megadeals Board. This is a w... |
| 29.01.2025 | Powering the Future: Veir and Mangrove Lithium Secure Major Funding Rounds | In the race for a sustainable future, two companies have emerged as front-runners, securing significant funding to fuel their innovative technologies. Veir, a Massachusetts-based superconducting power delivery company, and Mangrove Lithium,... |
| 29.01.2025 | iplicit's £25M Investment: A Leap into the Future of Cloud Accounting | In the bustling world of fintech, iplicit has made waves. The London-based company recently secured a £25 million investment from One Peak, a technology growth investor. This funding marks a significant milestone for iplicit, which has rapi... |
| 29.01.2025 | iplicit Receives £25M Investment from One Peak | iplicit, a London, UK-based provider of a cloud accounting software platform purpose-built for the UK mid-market, received a £25M investment from One Peak. The company intends to use the funds to accelerate its product development and its g... |
| 29.01.2025 | Veir Closes $75M Series B Funding | Veir, a Woburn, MA-based superconducting power delivery company, raised $75M in Series B funding. The round was led by Munich Re Ventures, with participation from Microsoft’s Climate Innovation Fund, Tyche Partners, Piva Capital, National G... |
| 30.07.2023 | Veir Raises USD24.9M In Series A-2 Funding | Veir, a Woburn, MA-based clean technology company, raised $24.9m in series A-2 funding. Backers included Breakthrough Energy Ventures, The Engine Fund, Congruent Ventures, Fine Structure Ventures, Galvanize Climate Solutions, and VXI Capita... |
| 31.03.2021 | Startups have about $1 trillion worth of reasons to love the Biden infrastructure plan | The sweeping infrastructure package put forward today by President Joe Biden comes with a price tag of roughly $2 trillion (and hefty tax hikes), but gives startups and the broader tech industry about $1 trillion worth of reasons to support... |
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