Superconducting power delivery for AI data centers
VEIR designs and manufactures superconducting power delivery systems for AI data centers, combining high-temperature superconducting cables with cryogenic cooling, controls, and monitoring to move more power in a smaller footprint than conventional copper infrastructure. Headquartered in Woburn, Massachusetts, the company announced an oversubscribed $110 million Series C on October 8, 2026 co-led by Matter Venture Partners and Tyche Partners, with participation from LG Technology Ventures, Gates Frontier, Sabanci Climate Ventures, Hui Capital and existing investors, bringing total capital raised to $225 million according to the company.