Veir Raises $110M Series C+ Led by Matter Venture Partners for Superconducting Power Delivery

Veir Secures $110M Series C+ Round

Veir, a U.S.-based designer and manufacturer of superconducting power delivery systems for AI data centers, has raised $110 million in Series C+ funding. The round was led by Matter Venture Partners and drew participation from a broad syndicate of investors.

What Veir Does

Founded in 2019 and headquartered in Woburn, Massachusetts, Veir builds superconducting power delivery systems aimed at the power demands of AI data centers. Its integrated systems pair superconducting cables with cryogenic cooling, controls, and monitoring.

The core value proposition is density and speed: Veir's systems are designed to move significantly more power through a smaller footprint than copper-based infrastructure, cutting installation labor, material use, and time-to-power.

That combination — higher power throughput in less space, with reduced installation burden — addresses a central constraint for AI data centers, where power delivery capacity and the time required to bring it online are critical planning variables.

Technical Milestone

Veir has demonstrated a 3-megawatt superconducting power delivery system. Following that demonstration, the company is working with data center customers and partners on AI-factory reference designs as it scales toward commercial deployment.

The progression from demonstration to reference designs with customers and partners marks a shift toward the commercial phase of the company's development.

The Round at a Glance

• Company: Veir
• Round type: Series C+
• Amount raised: $110,000,000 USD
• Lead investor: Matter Venture Partners
• Additional investors: Congruent Ventures, Sabanci Climate Ventures, Gates Frontier, LG Technology Ventures, VXI Capital, Piva Capital, Engine Ventures, Galvanize Climate Solutions, Tyche Partners, Hui Capital
• Announcement date: October 8, 2026

Investor Syndicate

The Series C+ brings together a large and varied group of investors. Matter Venture Partners led the round, joined by Congruent Ventures, Sabanci Climate Ventures, Gates Frontier, LG Technology Ventures, VXI Capital, Piva Capital, Engine Ventures, Galvanize Climate Solutions, Tyche Partners, and Hui Capital.

The breadth of the syndicate — spanning climate-focused funds, strategic technology investors, and venture firms — reflects the intersection of energy infrastructure and data center capacity that Veir operates within.

Why Superconducting Power Delivery Matters for AI Data Centers

AI data centers place unusual demands on power infrastructure. As compute density rises, the physical footprint and installation complexity of conventional copper-based power delivery become limiting factors. Veir's approach targets those constraints directly:

• Smaller footprint — moving more power through less physical space
• Lower installation labor — reducing the work required to deploy power delivery
• Reduced material use — less copper-intensive infrastructure
• Faster time-to-power — shortening the path from planning to operational capacity

For data center operators and their partners, these factors map onto the economics of building and energizing AI facilities. The company's integrated system — superconducting cables plus cryogenic cooling, controls, and monitoring — is designed as a complete power delivery solution rather than a component.

What Comes Next

With $110 million in new funding, Veir is positioned to continue scaling toward commercial deployment, building on its 3-megawatt demonstration and its work with data center customers and partners on AI-factory reference designs.

Funding details as announced October 8, 2026.