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News Release

The following content is a news release distributed by Business Wire. The original news release may be found here.

VEIR Closes $75M Series B to Deliver Superconducting Solutions for AI Data Centers and High-Capacity Power Lines, Driving Grid Resilience and Global Decarbonization

Distributed by Business Wire28 Jan 2025

WOBURN, Mass.--(BUSINESS WIRE)--VEIR, a leader in superconducting power delivery, today announced the successful closing of an oversubscribed $75 million Series B led by Munich Re Ventures, with participation from new and existing investors. This investment will accelerate VEIR’s commercialization efforts for its innovative solutions serving data centers, utilities, and renewable energy developers. VEIR’s groundbreaking superconducting solutions provide a transformative solution for data center...

Read the full news release here

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