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Veir
AddedFeb 17, 2024
UpdatedJun 18, 2026
Veir

Veir

Series A

VEIR develops high-temperature superconducting technology for efficient electricity transmission.

HQ
Boston, MA, US
Founded
2019
Overview
Compare
Fundraising
Employees
News
Website

Founded with the mission to accelerate the growth of electric transmission capacity for global decarbonization and grid resilience, VEIR is pioneering high-temperature superconducting technology. VEIR's innovative approach utilizes passive evaporative cryogenic cooling, offering 20 times the cooling power per kilogram of nitrogen flow compared to traditional mechanical subcooling methods. This technology enables their superconducting electric transmission lines to operate with ten times the transfer capacity of conventional lines at a given voltage level, targeting the energy sector.

VEIR has attracted notable investors and industry experts who believe in its transformative potential. The company has achieved significant milestones in developing and demonstrating its cutting-edge technology, positioning itself as a leader in advanced electric transmission solutions. VEIR's impact is profound, promising to enhance grid reliability and support the global transition to sustainable energy sources by enabling more efficient electricity transmission.

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Veir - Quick Facts

Who are Veir's competitors?

Companies similar to Veir include TS Conductor, Ferveret, EnergyRe and Vesper Energy.

When was Veir founded?

Veir was founded in 2019.

Where is Veir's headquarters located?

Veir's headquarters is located in Boston, MA, US.

When was Veir's last funding round?

Veir's most recent funding round was for $24.9M (USD) in May 2023.

How much has Veir raised to-date?

As of May 15, 2023, Veir has raised a total of $36.7M (USD).

How many employees does Veir have?

Veir has 23 employees as of Feb 4, 2024.

Veir - Classification

Industry
  • Hardware
Ownership
  • Venture Capital
Technology
  • Superconducting
Geographic Exposure
  • Global
Revenue
  • Recurring
Customer
  • Enterprise
  • Government
Main Product
  • Electricity Transmission
Tags
  • Cleantech
NAICS
  • 220000Utilities
  • 221000Utilities
  • 221100Electric Power Generation, Transmission and Distribution
  • 221110Electric Power Generation
  • 221114Solar Electric Power Generation
SIC
  • 4900Electric, Gas, And Sanitary Services
  • 4910Electric Services
  • 4911Electric Services
Show 3 more industry codes
SIC
  • 1300Oil And Gas Extraction
  • 1380Oil And Gas Field Services
  • 1382Oil And Gas Field Exploration Services