V
Veir
Energy · Woburn, United States · Founded 2019
Developing a new generation of High Temperature Superconductor (HTS)-based transmission lines MoreLess
VEIR is a technology company based in Woburn, Massachusetts, focused on developing advanced superconducting transmission lines to support the evolving needs of the electric power grid. The company’s technology is designed to address limitations in traditional transmission systems by enabling higher power capacity and reducing energy losses.
VEIR’s transmission lines use high-temperature superconductors (HTS) combined with a streamlined cooling system that utilizes ambient air. This approach allows the cables to carry 5 to 10 times more power than conventional alternatives within a compact footprint. As a result, VEIR's technology may be suitable for dense urban areas, renewable energy connections, and locations with limited space for new infrastructure.
The company aims to provide an option for increasing grid capacity and supporting sectors such as data centers, clean energy deployment, and regional grid upgrades. VEIR continues to develop its systems with a focus on technical scalability, cost efficiency, and reliability.
Keywords: VEIR, superconducting transmission lines, high-temperature superconductors, electric grid, power infrastructure, energy transmission, grid expansion, renewable energy, data center power, urban power solutions, Woburn Massachusetts.
Company overview
Veir company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2019
- Headquarters
- Woburn, United States
- Employees
- 103
- Open positions
- 15
- Dealroom signal
- 92.5
Valuation & funding
Veir funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES BOther financing | Jan 2025 | $75M | $300M | Breakthrough Energy Ventures · Tyche Partners · SiteGround · Piva | ↗ |
| GRANTOther financing | Nov 2024 | $76K | — | UK Research and Innovation | — |
| SERIES AOther financing | May 2023 | $25M | $100M | The Engine · Breakthrough Energy Ventures · Congruent Ventures · Fine Structure Ventures | ↗ |
| GRANTOther financing | Jul 2022 | $3.3M | — | ARPA-E · US Department of Energy | ↗ |
| SERIES AOther financing | Mar 2021 | $11M | $44M | Congruent Ventures · Breakthrough Energy Ventures · The Engine | ↗ |
| EARLY VCOther financing | Jan 2020 | Undisclosed | ↗ | ||
| SEEDOther financing | Jun 2019 | Breakthrough Energy Ventures · Congruent Ventures | ↗ |
Growth signals
Veir website traffic
Latest recorded traffic for Veir is 8.3K monthly website visits, down 3.5% over the last three months. Veir's team grew 19.8% over the past year.
Hiring
Open positions at Veir
Current openings linked to this company in Dealroom.
Comparisons
Veir compared with similar companies
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Talent graph
Veir's talent
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Investors
17 investors on Veir's cap table
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Global footprint
Where Veir has talent and traffic
team presence
In the news
Latest news about Veir
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Market sentiment
What the market is saying about Veir
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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