TAR

Raised $120M in a Series A round, announced 11 September 2026.

Round

TAR raised a $120 million Series A led by Spark Capital to expand its offices, manufacturing operations and deployments of off-grid AI data-center power systems.

Amount: $120M
Stage: Series A
Announced: 11 September 2026
Lead: Spark Capital
Other investors: Buckley Ventures, Align Fund
Use of funds: Grow Austin HQ and San Francisco engineering office, expand West Texas logistics and manufacturing, and accelerate power deployments already underway.
Valuation: $1B
Checked: Amount and date matched across 2 press sources

Company

Builds modular off-grid renewable power and battery systems for AI data centers

Based in: Austin, United States
Founded: 2026
Sector: AI
Website: tar.com ↗

Founders

Pat Beckerco-founder
Leonhard Soenkeco-founder

Sources and links

Sources: TAR Raises $120 Million Series A At $1 Billion Valuation To Build Off-Grid Power For AI Data Centers pulse2.com
TAR Secures $120M Series A at a $1B Valuation Led by Spark Capital to Build Off-Grid Power for AI theaiinsider.tech
Website: tar.com ↗

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