# VEIR: Utilities, Woburn, United States > VEIR: VEIR is a technology company founded in 2019, based in Woburn, Massachusetts. Based in Woburn, United States. Founded 2019. Source: https://millionrounds.com/startup/veir (Millionrounds; every figure on the page links to its filing or article) United States · [Utilities startup](https://millionrounds.com/companies) # VEIR VEIR is a technology company founded in 2019, based in Woburn, Massachusetts. Email Funding reported Last round: Series A Utilities Woburn, United States Follow VEIR and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fstartup%2Fveir) Company summary - **Founded:** 2019 7 years old - **Team:** 110 51 to 200 people - **Funding reported:** $75M in dollars - **Last round:** Series A May 2023 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for VEIR has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## About VEIR VEIR is a technology company founded in 2019, based in Woburn, Massachusetts. The company specializes in high-temperature superconductor (HTS) power transmission lines, aiming to enhance energy infrastructure for data centers, utilities, and renewable energy sectors. Their core product is a superconducting cable that utilizes evaporative cryogenic technology, allowing it to transmit 5–10 times more electrical power than conventional wires at the same voltage and within the same physical space. VEIR's first alternating current (AC) overhead product line supports capacities up to 400 megawatts and voltages up to 69 kilovolts, with plans to develop higher-power direct current (DC) lines in the future. The company focuses on delivering high-capacity, low-loss power transmission, which simplifies permitting, reduces infrastructure costs, and shortens siting time for new electric projects. VEIR's customers include AI-driven data centers, utility providers, and renewable energy developers, all seeking efficient solutions for their power needs. The company has raised over $110 million from notable investors, including the Microsoft Climate Innovation Fund and National Grid Partners. ## What company datasets say VEIR raised Funding, as reported Reported in all **$75M** in dollars Rounds **3** Last round **Series A** Last round size **$75M** Last round date **May 2023** Investors listed **6** ## Founders and team From VEIR's own website and the SEC filings it signed: 1 founder, 9 on the team. **Tim Heidel** CEO & Co-Founder *Named on its 2023 Form D* - **Caitlin MacDonald** Chief People Officer - **Erhan Karaca** Chief Technology Officer - **Jill Macari** Chief Financial Officer - **Stephen Major** Chief Product Officer - **Brian Janous** Independent Director - **Dan Leff** Director ClimateTech & Future Transportation - **Greg Mongeau** Board Of Directors - **Timur Davis** Director ClimateTech & Future Transportation - **Michael Kearney** Executive Chair On the board, as filed i *Christopher Poirier* *Daniel Leff* *Joshua Posamentier* *Krzysztof Zadlo* Advisers *Craig Weich* *Lane Dilg* *Peter Gross* *Stephen Liang* ## On 3 portfolio pages Investors who name them - [Baruch Future Ventures](https://millionrounds.com/fund/baruch-future-ventures) - [Fine Structure Ventures](https://millionrounds.com/fund/fine-structure-ventures) - [Tyche Partners](https://millionrounds.com/fund/tyche-partners) Each firm lists VEIR on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source. ## The company, in detail What they build Known for superconducting technology power density energy infrastructure distribution electric power generation energy loss reduction energy storage utilities information technology & services power bottleneck solutions power transmission power corridor maximization high-capacity transmission cooling systems space-saving power lines cryogenics in power systems Built with from their website Google Tag Manager WordPress.org Microsoft PowerPoint Flow LogIC Gem Viewport Meta Gauges Mimecast Hubspot +8 more SentenceTransformers webpack ETAP LabVIEW.NET Cascade CMS Barracuda MSP Medium - **Sector:** Utilities - **Industry code:** NAICS 22111, 335929, SIC 4911 - **Region:** Massachusetts - **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/veir) ## Utilities in United States Startups like it - [**Mainspring Energy** Menlo Park · founded 2010 *Raised*](https://millionrounds.com/company/mainspring-energy) - [**ThinkLabs AI** New York · founded 2023 *Raised*](https://millionrounds.com/company/thinklabs-ai) - [**Homeis** New York · founded 2017 *Raised*](https://millionrounds.com/company/homeis) - [**Base Power Company** Austin · founded 2023](https://millionrounds.com/startup/base-power-company) - [**EnerVenue** Fremont · founded 2020](https://millionrounds.com/startup/enervenue) - [**Trilliant** Concord · founded 2004](https://millionrounds.com/startup/trilliant) - [**Ubicquia, Inc** Fort Lauderdale · founded 2014](https://millionrounds.com/startup/ubicquia-inc) - [**Endeavor Energy Holdings LLC** Houston · founded 2013](https://millionrounds.com/startup/endeavor-energy-holdings-llc) ## Is this your company? 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