Veir
Latest round
- Series B
Last raised
- Nov 2024
Total raised
- $112M
Investors
- 14
About Veir
Founded in 2019, Veir, Inc. is focused on developing cutting-edge superconducting power line solutions.Veir specializes in advanced superconducting power line solutions designed to address the increasing power demands in data centers, power generation, and utility sectors. The company's core product offerings include advanced conductors and innovative cooling systems that significantly enhance power transmission capacities while streamlining infrastructure requirements. These solutions aim to eliminate bottlenecks in power delivery, facilitating faster data center construction and enabling power generation in previously constrained locations. Veir's technology is particularly relevant for clients in North America and Europe, where the demand for efficient, high-capacity power networks is rapidly growing.Veir generates revenue through direct transactions with its clients, primarily in the form of B2B partnerships that focus on the deployment of its superconducting power line solutions. The company’s business model is structured around long-term contracts with industrial clients, utility companies, and data center operators, where these entities leverage Veir’s technology to fulfill their increasing power requirements. Revenue derives from the sale and installation of its flagship products, including superconducting conductors and cooling systems, which are tailored to specific project needs. The pricing structure reflects the complexity and scale of the solutions provided, ensuring alignment with client demands and project specifications. The company is focusing on geographic expansion into new markets in Europe and Asia, aiming for entry by late 2025. Veir is also developing additional superconducting solutions that are expected to launch in early 2026, further enhancing their product portfolio to meet future energy demands.
Who invested in Veir
14 investors across 4 rounds
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Questions about Veir
Who invested in Veir?
Veir has 14 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Veir raised?
Veir has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Veir last raise money?
Veir's most recent round on record is a Series B, in Nov 2024.
What does Veir do?
Veir is a power & utilities company.
Where is Veir headquartered?
Veir is headquartered in Woburn, US.
Which VCs invest in companies like Veir?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back power & utilities companies at Veir's stage. Their profiles are linked below.
VCs backing power & utilities startups at Series B
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