VEIR, a superconducting power delivery company, has secured an oversubscribed $75 million Series B to enhance superconducting power delivery, boosting AI-driven data centers, renewable energy, power infrastructure, grid resilience & transmission lines.

The Series B funding round was led by Munich Re Ventures and saw participation from Microsoft’s Climate Innovation Fund, Tyche Partners, and other key investors, accelerating VEIR’s commercialization efforts to support data centers, utilities, and renewable energy developers.

As AI-driven data centers demand unprecedented power, traditional copper cables fail to keep up. VEIR’s superconducting solutions offer 10 times the power capacity while maintaining the same voltage, reducing electrical footprints, and enhancing efficiency. These advancements optimize server latency and simplify campus designs for AI infrastructure.

“The transmission grid must evolve to support tomorrow’s infrastructure, including rapidly growing, power-intensive AI-driven data centers while addressing the urgent need for climate resilience through cleaner, more efficient energy systems. VEIR’s advanced superconducting power lines represent a critical innovation to meet this demand,” said Timur Davis, Director at Munich Re Ventures.

Global energy demand will rise by over 30 percent in the next two decades. Yet, renewable energy resources face bottlenecks due to limited grid capacity. VEIR’s technology enables transmission lines to carry more power within the same corridor, accelerating renewable integration and enhancing grid resilience.

VEIR Provides an Efficient Power Infrastructure

“Meeting infrastructure and power demands requires rapid growth across the electricity value chain,” said Tim Heidel, CEO of VEIR. “Our solutions empower data centers, support renewable energy expansion, and drive broader electrification efforts.”

“VEIR is solving these challenges with innovative designs that replace conventional solutions, enhance existing infrastructure with superconductor technology, and eliminate the restrictions that typically delay the delivery of power density necessary for data center buildouts, global decarbonization, and grid resilience,” Heidel added.

The Series B funding round included new investors such as Dara Holdings, Piva Capital, National Grid Partners, and SiteGround. Existing investors like Breakthrough Energy Ventures, VXI Capital, Congruent Ventures, Engine Ventures, Fine Structure Ventures, and Galvanize Climate Solutions reaffirmed their commitment.

VEIR’s superconducting technology aims to redefine power delivery, ensuring a sustainable and efficient energy future for AI, utilities, and renewable energy sectors.

“At Microsoft, we seek to enable a decarbonized grid for our company, customers, and the world. One of the biggest challenges for greater availability of clean energy is that improved infrastructure is needed to deliver carbon-free electricity at scale,” said Brandon Middaugh, Sr. Director of Microsoft’s Climate Innovation Fund. “VEIR’s technology can enhance the efficiency and sustainability of energy systems.”

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