In an exciting development for the renewable energy sector, VEIR has successfully secured $75 million in funding to advance its pioneering work in the field of High Temperature Superconductors (HTS). VEIR is at the forefront of revolutionizing electrical transmission with its innovative HTS-based transmission lines, which promise to significantly enhance the efficiency and reliability of energy distribution. The company’s unique evaporative cooling architecture offers an astonishing 20 times the cooling power per kilogram of coolant flow compared to conventional methods, a breakthrough that has the potential to transform the feasibility of long-distance electricity transmission. This latest round of investment will be instrumental in scaling up production and accelerating the rollout of VEIR’s technology. With the urgency of climate change and the increasing demand for renewable energy, VEIR aims to connect the lowest-cost renewable power sources to where they are needed, precisely when they are needed. By leveraging this funding, VEIR plans to expand its research and development efforts, streamline its operations, and facilitate collaboration with utilities and energy providers to implement its HTS solutions in real-world applications. This funding breakthrough not only underscores investor confidence in VEIR's mission but also highlights the growing momentum toward a sustainable energy future. With its transformative technology, VEIR is positioned to play a critical role in enhancing grid performance, reducing energy costs, and ultimately contributing to a greener planet.

VEIR Secures $75 Million in Series B Funding for Breakthrough High Temperature Superconductor Technology
Get the full VEIR company profile
Access contacts, investors, buying signals & more
Other recently funded companies
View all
Mantle8
We are a new generation of geologists leading the energy revolution by locating the Earth’s naturally occurring hydrogen reservoirs. Using bottom-up exploration and decades of geology experience, we are on a mission to deliver natural hydrogen to the world. Check out this short video explainer for more details: https://vimeo.com/1116223132
$36.6M Series a
today

Data Mission
We build purpose-driven tools that help cities and counties work smarter - from RFP creation and cost estimation to budgeting, workforce planning, and community insights. Our platform replaces spreadsheets and manual workflows with intelligent, transparent systems tailored to the complexities of local government. Whether you’re planning capital projects, managing procurement, or forecasting community needs, we give public agencies the clarity and confidence to lead with data.
$1.0M Seed
today

SiteVue AI
Empowering the frontline worker with AI to drive automated continuous improvement while improving safety and employee engagement.
$7.0M Seed
today

Peekabox
Peekabox is a food-tech platform helping bakeries, restaurants, and grocery stores across the GCC sell their surplus food at 50-70% off. Every day, thousands of freshly prepared food items are thrown away across the region. In the UAE alone, over $3.5 billion worth of food is wasted annually, 38% of everything prepared daily ends up in the bin. That's a massive problem for retailers, consumers, and the planet. We partner with leading F&B brands and retailers to list their unsold surplus as surprise boxes on our platform. Customers reserve and collect them in-store at guaranteed minimum discounts of 50%. Retailers turn waste into revenue. Consumers get quality food at a fraction of the price. Everybody wins. 1,000+ stores signed across 50+ brands including Costa, Carrefour, Tim Hortons, Dunkin', Paul, Armani Cafe, Eataly, Pret A Manger, Krispy Kreme, Address Hotels, and many more. Backed by some of the most prominent business leaders in the region, chaired by Dr Sameer Al Ansari, Former CFO of H.H Sheikh Mohammed's Executive Office and former CEO Dubai International Capital. For consumers → Download Peekabox and start saving on food from your favourite stores. For partners → List your surplus in 15 seconds and turn food waste into revenue. Get in touch → hello@peekabox.co
$1.5M Pre-seed
today

Aumet inc
Aumet is dedicated to providing tailored solutions that enhances the performance of healthcare providers, operating in Saudi Arabia, Jordan, Egypt and Oman It is a Saudi company that was Originally established in the United States, Aumet is now the largest B2B healthcare solution provider that supports companies with their business decisions and performance. Aumet facilitates the exchange of data between healthcare providers, manufacturers, and distributors to enable them to take the right decision.
$12.0M Series a
today
Other recent Series b rounds
Companies that recently closed a Series b round.
| # | Company | Round | Amount | Date |
|---|---|---|---|---|
| 1 | ![]() NVISION Spain | Series b | $55.0M | today |
| 2 | ![]() Monaco | Series b | $50.0M | today |
| 3 | ![]() gaiia | Series b | $40.0M | today |
| 4 | ![]() ZAMP Brazil | Series b | $17.0M | today |
| 5 | ![]() Cinder | Series b | $41.0M | today |




