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Veir Raises $110M in Series C Funding to Scale Superconducting Power Systems for AI Data Centers
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Veir has raised $110 million in Series C funding to commercialize superconducting power-delivery technology for AI data centers. The Woburn, Massachusetts-based company said the oversubscribed round brings total capital raised to $225 million. Matter Venture Partners and Tyche Partners co-led.
The financing included LG Technology Ventures, Gates Frontier, Sabanci Climate Ventures, and Hui Capital. Existing investors Engine Ventures, Galvanize Climate Solutions, Piva Capital, Congruent Ventures, and VXI Capital also participated. Veir will use proceeds to expand manufacturing and support initial commercial projects.
AI data centers are demanding more electricity in limited space, making conventional power distribution harder to scale. Veir's system combines superconducting cables with cryogenic cooling, controls, termination units, and monitoring equipment. Superconductors carry large currents with very low resistance when cooled, moving more power through a smaller footprint than copper.
Founded in 2019, Veir has demonstrated a 3-megawatt superconducting power-delivery system. Its initial commercial focus is behind-the-meter power systems inside AI data centers, not the wider utility grid. The company is preparing reference designs with customers and industry partners.
CEO Tim Heidel said AI infrastructure is advancing at a pace that requires rethinking power delivery. He added the financing lets Veir move from demonstrating potential to manufacturing and deploying at commercial scale. The round reflects investor confidence in superconducting solutions for dense computing.
Veir plans to build technical and commercial operations, strengthen supply chains, and develop deployment infrastructure. It is also expanding partnerships across the data-center industry. These steps aim to integrate superconducting power delivery into larger AI campuses.
The funding matters as AI growth strains data-center power capacity. If deployed at scale, Veir's technology could reduce space, material, and installation work. Commercial projects will test whether the approach can meet real-world reliability and cost demands.
