Startup profile · funding coverage
VEIR funding, valuation and investors
Superconducting power-delivery systems for AI data centers and high-capacity electric infrastructure.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series C
$110M · October 8, 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$110M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · Woburn, Massachusetts, United States
Investors in latest funding
Lead: Matter Venture Partners , Tyche Partners
Other: LG Technology Ventures , Gates Frontier , Sabanci Climate Ventures , Hui Capital , Engine Ventures , Galvanize Climate Solutions , Piva Capital , Congruent Ventures , VXI Capital
Overview
VEIR is a Woburn, Massachusetts company developing superconducting cables, cryogenic cooling, controls and monitoring systems. Its first commercial focus is behind-the-meter power delivery for dense AI data centers.
Why VEIR is interesting
AI data centers are shifting toward denser, higher-voltage electrical architectures, creating a bottleneck that copper conductors may struggle to solve within existing space and installation constraints.
Product & use cases
Integrated superconducting power systems combining cables, cryogenic cooling, terminations, controls and monitoring. VEIR has demonstrated a 3-megawatt system and is preparing commercial projects.
- Behind-the-meter power delivery for AI data centers
- High-capacity utility transmission in constrained corridors
Key facts
- Closed an oversubscribed $110 million Series C in October 2026.
- Has raised $225 million in total and demonstrated a 3-megawatt system.
Funding history (newest first)
Series C
2026-10-08 $110M- Matter Venture Partners (lead)
- Tyche Partners (lead)
- LG Technology Ventures (participant)
- Gates Frontier (participant)
- Sabanci Climate Ventures (participant)
- Hui Capital (participant)
- Engine Ventures (participant)
- Galvanize Climate Solutions (participant)
- Piva Capital (participant)
- Congruent Ventures (participant)
- VXI Capital (participant)
Source: https://www.businesswire.com/news/home/20261008239548/en/
Investors in our directory
Funds linked from VEIR's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Much higher power density than copper in a smaller footprint, potentially reducing materials and installation work at large data-center campuses.
VEIR competes with conventional copper busways and cables, as well as alternative high-capacity power-distribution designs. Commercial adoption depends on total system reliability and the economics of cryogenic operations.
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Copper busway and cable suppliers incumbent
Mature and widely deployed, but face power-density and space constraints.
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High-voltage DC power-distribution vendors adjacent
Address the same data-center power bottleneck with different architectures.
Industries
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover VEIR's financing or category context.
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