VEIR enables dramatically lower cost and more easily site-able electric transmission lines by utilizing commercial superconducting tape and a novel suite of technologies to enable transmission levels of power delivery over distribution scale infrastructure without resistive losses. This reduces permitting and right-of-way planning friction, thus dropping the design and deployment time and hence costs.
Location: United States, Massachusetts, Cambridge
Employees: 11-50
Total raised: $34.9M
Founded date: 2019
Investors 4
| Date | Name | Website |
| 05.03.2021 | Baruch Fut... | baruch.vc |
| 18.05.2023 | Congruent ... | congruentv... |
| - | Breakthrou... | breakthrou... |
| - | Fine Struc... | finestruct... |
Funding Rounds 2
| Date | Series | Amount | Investors |
| 30.07.2023 | Series A | $24.9M | Congruent ... |
| 04.03.2021 | Series A | $10M | - |
Mentions in press and media 3
| Date | Title | Description | Source |
| 30.07.2023 | Veir Raises USD24.9M In Series A-2 Funding | Veir, a Woburn, MA-based clean technology company, raised $24.9m in series A-2 funding. Backers incl... | finsmes.co... |
| 31.03.2021 | Startups have about $1 trillion worth of reasons to love the... | The sweeping infrastructure package put forward today by President Joe Biden comes with a price tag ... | techcrunch... |
| 04.03.2021 | Veir Raises $10M in Series A Funding | Veir, a Boston, MA-based company developing a new approach to using High Temperature Superconductors... | finsmes.co... |