The round was 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.

Munich Re Ventures led the Series B round with participation from new investors Microsoft's Climate Innovation Fund, Tyche Partners, Piva Capital, National Grid Partners, Dara Holdings and SiteGround. Existing investors VXI Capital, Breakthrough Energy Ventures, Congruent Ventures, Engine Ventures, Fine Structure Ventures and Galvanize Climate Solutions also joined the round.

VEIR's mission is to revolutionize the future of power and data infrastructure by delivering superconducting solutions that drive unparalleled performance in AI-driven data centers and empower utilities to deliver expanded, accessible, and resilient energy solutions.