Global Infrastructure SherpaVEIR receives Series B funding
VEIR received US$75m in Series B funding from Microsoft’s Climate Innovation Fund, Munich Re Ventures and National Grid. The funding will support the deployment of VEIR's superconducting cable technology for data centers.
Source Intelligence
VEIR is expected to announce early adopters of the technology as it moves towards commercial launch in 2026. Quote: "As VEIR moves towards commercial launch in 2026 , it is expected to announce early adopters of the technology."
"Following a US$75m Series B funding round earlier this year, which includes backing from Microsoft’s Climate Innovation Fund, Munich Re Ventures and National Grid, VEIR puts its technology on track for deployment."
"Following a US$75m Series B funding round earlier this year, which includes backing from Microsoft’s Climate Innovation Fund, Munich Re Ventures and National Grid, VEIR puts its technology on track for deployment."
"Following a US$75m Series B funding round earlier this year, which includes backing from Microsoft’s Climate Innovation Fund, Munich Re Ventures and National Grid, VEIR puts its technology on track for deployment."
"VEIR has announced a major milestone following the demonstration of its first-generation Superconducting Technology for AI Racks (STAR), delivering 3MW of power through a single low-voltage cable in a simulated data centre environment."