VEIR raises $110M to swap copper for superconductors in AI data centres
VEIR has raised $110 million in a Series C round. The Massachusetts company makes superconducting power cables for AI data centres. Matter Venture Partners and Tyche Partners co-led the round, which VEIR called oversubscribed.
VEIR, a Massachusetts-based company, has raised $110 million in a Series C funding round to develop superconducting power cables for AI data centers, aiming to revolutionize power delivery in the industry.
What happened
VEIR, a company specializing in superconducting power cables for AI data centers, raised $110 million in a Series C funding round. The investment, led by Matter Venture Partners and Tyche Partners, will support scaling manufacturing and commercial deployment of its technology. The company's systems use cryogenic cooling to enable efficient power delivery, addressing the growing demand for power in AI data centers.
Why it matters
The development of superconducting power cables is significant for AI developers and data center operators, as it offers a more efficient and scalable solution to the power demands of AI infrastructure. This innovation could reduce costs and improve the sustainability of data centers, which are critical for AI operations.
- Superconducting power cables offer a more efficient alternative to traditional copper wiring in AI data centers.
- VEIR's funding will support scaling manufacturing and commercial deployment of its technology.
- The integration of cryogenic cooling is critical for enabling the performance of superconducting cables.
- The shift from copper to superconducting materials could reduce costs and improve sustainability in data centers.
The bigger picture
VEIR's technology has the potential to transform the power delivery infrastructure for AI data centers, making them more efficient and scalable. This could lead to significant cost savings and support the growth of AI applications that require high computational power.
VEIR's $110 million Series C funding marks a significant step in the development of superconducting power cables for AI data centers, addressing the growing need for efficient and scalable power delivery solutions.
Technical details
- Superconducting cables operate with almost no resistance when cooled to very low temperatures.
- VEIR's systems integrate cryogenic cooling, controls, termination units, and monitoring.
- The technology allows for higher power transmission through smaller spaces, reducing labor and material costs.
FAQ
What is VEIR's main focus?
VEIR focuses on developing superconducting power cables for AI data centers, combining cryogenic cooling with advanced systems to improve power delivery efficiency.
How much funding did VEIR raise in the Series C round?
VEIR raised $110 million in a Series C round, bringing its total funding to $225 million.
What are the benefits of using superconducting cables over traditional copper wiring?
Superconducting cables can move more power through smaller spaces, reducing labor, materials, and installation costs, while also improving efficiency.
What is the significance of cryogenic cooling in VEIR's technology?
Cryogenic cooling is essential for enabling superconducting cables to operate with almost no resistance, allowing for efficient power transmission.
What are VEIR's next steps with the new funding?
The funding will support scaling manufacturing capacity and advancing commercial deployments of VEIR's superconducting power cable technology.
This summary and analysis were generated with AI from the original article and may contain errors. Read the original for the full story.
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Originally published by The Next Web AI on Oct 8, 2026.
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