VEIR raises $110M to scale superconducting power systems for AI data centres. 9 October 2026 Key Takeaways * VEIR raised $110 million in an oversubscribed Series C led by Matter Venture Partners and Tyche Partners. * The financing brings VEIR's total capital raised to $225 million. * The company will expand manufacturing and prepare its superconducting systems for commercial deployment. VEIR targets AI data centre power demands. VEIR, a US-based power technology company, has raised $110 million in Series C funding. Matter Venture Partners and Tyche Partners co-led the oversubscribed financing. LG Technology Ventures, Gates Frontier and other investors also participated. Existing backers including Engine Ventures and Piva Capital joined the round. The financing brings VEIR's total capital raised to $225 million. The company will use the capital to expand manufacturing capacity. It will also advance its product portfolio and prepare for commercial deployments. AI data centres are creating unprecedented requirements for power density. Their rapid expansion is also increasing pressure on existing electrical infrastructure. VEIR is developing superconducting power delivery systems for these facilities. Its technology aims to move more electricity through a smaller physical footprint. The company combines superconducting cables with cryogenic cooling systems. Its architecture also includes controls, termination units and monitoring technology. VEIR says this approach can reduce labour and material requirements. It can also simplify installation as data centre campuses become larger. The company's initial focus is behind-the-meter power delivery. This targets AI data centres where operators need dense and flexible power infrastructure. Superconducting technology moves toward commercialisation. VEIR has already demonstrated a 3-megawatt superconducting power delivery system. The company is now working with customers and industry partners on reference designs. These designs are intended for next-generation AI data centre campuses. VEIR is also preparing for its initial commercial deployments. The company was founded in 2019 and is headquartered in Woburn, Massachusetts. Its technology uses superconductors that carry electricity with extremely low resistance when cooled. The Series C marks a transition for VEIR. The company is moving from technology validation towards manufacturing and commercial deployment. VEIR raised $75 million in Series B funding in January 2025. Its latest financing provides additional resources for its commercial expansion. VEIR expands manufacturing and partnerships. VEIR is expanding manufacturing capacity, developing superconducting power systems and strengthening partnerships to address growing AI data centre power demands. Source: Created by Ventureburn. The new capital will help VEIR increase manufacturing capacity. It will also support further product development and supply chain expansion. The company plans to build the infrastructure needed for repeatable deployments. It is also expanding partnerships across the data centre ecosystem. VEIR sees traditional copper infrastructure holding back big AI facilities. As power needs climb, so do the amount of materials, labor, and hassle during installation. That's where their superconducting systems step in, built to get around those bottlenecks. The goal is to make life easier for operators trying to handle all the power-hungry AI workloads. Matter Venture Partners said power delivery is becoming a critical constraint for AI infrastructure. Tyche Partners also highlighted VEIR's progress towards scalable superconducting power systems. VEIR builds for AI infrastructure growth. VEIR's latest financing comes amid rising demand for AI infrastructure. Data centre operators are seeking new approaches to manage growing electricity requirements. The company sees superconducting technology as one potential solution. Its focus is on making that technology practical for commercial data centre deployments. VEIR will now concentrate on manufacturing, supply chain development and customer deployment. It will also continue refining reference designs for AI campuses. The company aims to create a scalable path from initial pilots to repeatable installations. Its strategy could position superconducting power delivery as an important infrastructure layer for AI. The latest funding gives VEIR substantial capital to advance its commercial ambitions. Its next milestone will be turning successful demonstrations into deployed systems. To stay updated on crypto venture capital funding and market trends, visit its venture capital news section for more insights. Clinton Nwachukwu is a crypto and finance writer with an MBA in Artificial Intelligence and 6+ years of experience creating content for leading global brands. 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Veir, a developer of superconducting power delivery systems, has raised $110 million in Series C funding, CEO Tim Heidel announced. The company focuses on high-temperature superconductors, which can transmit large amounts of power in a smaller footprint. However, deployment has been limited due to cost and engineering challenges. The technology could address growing power demands from data centres and other high-density applications where space is at a premium.

VEIR, a US designer and manufacturer of superconducting data centre power delivery systems, has appointed Ulrich Spiesshofer and Jennifer Vigreux to its board of directors and Greg Mongeau as chief operating officer. The company is backed by Breakthrough Energy Ventures, National Grid Partners, and Microsoft's Climate Innovation Fund. VEIR develops superconducting power delivery systems designed to accelerate deployment and reduce infrastructure costs for data centres facing growing AI-era energy demands. Spiesshofer previously served as CEO of ABB from 2013 to 2019. Vigreux brings over 20 years of experience building commercial relationships and infrastructure supporting the global cloud and AI economy. The appointments come as VEIR transitions from technology development towards commercial deployments following its 3-megawatt demonstration.