VEIR raised an oversubscribed Series C to expand manufacturing and commercially deploy superconducting power systems for AI data centers.
- Amount
- $110M
- Stage
- Series C
- Announced
- 11 October 2026
- Leads
- Matter Venture Partners, Tyche Partners
- Other investors
- LG Technology Ventures, Gates Frontier, Sabanci Climate Ventures, Hui Capital, Engine Ventures, Galvanize Climate Solutions, Piva Capital, Congruent Ventures, VXI Capital
- Use of funds
- Expand manufacturing capacity, advance product portfolio, strengthen teams, build supply chain and installation infrastructure, and support initial commercial deployments.
- Total raised
- $225M to date
- Checked
- Amount and date checked against the press source