AIThe Next Webabout 2 hours ago
VEIR Raises $110M for AI Power Cables
2 min read
Massachusetts-based VEIR raised $110 million in a Series C round to develop superconducting power cables for AI data centres. The company, founded in 2019, has now raised $225 million total. Investors include Matter Venture Partners and Tyche Partners. VEIR demonstrated a 3-megawatt system and aims to move from testing to commercial projects.
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