VEIR designs superconducting power-delivery products that provide up to 10× the power of traditional cables at the same voltage, enabling a smaller electrical footprint for AI-focused data centers and higher-capacity transmission corridors. Its solutions aim to improve data-center efficiency, reduce server latency, simplify campus electrical designs, and enable existing transmission lines to carry significantly more power within the same corridor. VEIR targets customers across data centers, utilities, and renewable energy developers to accelerate grid resilience and global decarbonization. The company positions superconductors as a way to relieve interconnection bottlenecks and integrate new generation onto the grid. VEIR is based in Woburn, Mass., and is pursuing commercialization of its product portfolio. The company recently closed a major financing to support those commercialization efforts. Veir develops next-generation superconducting electric transmission technology designed to carry much higher electrical currents with negligible losses by cooling lines with liquid nitrogen. The company’s proprietary system aims to increase transmission capacity relative to the current grid while using existing rights of way, which can ease siting and permitting for developers. Veir operates an outdoor demonstration of its technology and is focused on delivering full product specifications for each subsystem. Led by CEO Tim Heidel, the company plans to use new funding to advance product development across its subsystems. No revenue or user metrics were disclosed in the article. Veir is a Boston, MA–based company led by CEO Adam Wallen that develops an evaporative cryogenic cooling technology platform for high-temperature superconductor electricity transmission. Its platform is designed to increase the amount of power transmitted at lower voltages in smaller right-of-ways, connecting low-cost renewable resources to demand centers. The company raised a $10M Series A, bringing total funding to date to more than $12M. The round was led by Breakthrough Energy Ventures, with participation from existing investor Congruent Ventures and new investor The Engine. Veir intends to use the capital to scale its team—hiring technical talent in cryogenics and the energy industry as well as operational and sales staff—and to begin developing and testing critical subsystems required for grid deployment. The company also plans to establish a physical development site in Massachusetts to support commercial development and testing.

Total raised

$110M

Funding rounds

3

Latest round

Series B

Latest activity

Jan 2025