Veir Raises $10M in Series A Funding
– Veir Raises $10M in Series A Funding.
– The round was led by Breakthrough Energy Ventures (BEV), with participation from existing investor Congruent Ventures and new investor The Engine.
– The company intends to use the new capital to scale its team, hiring technical talent in the cryogenic and energy industries, as well as operational and sales staff to support commercial development, begin to develop and test the critical subsystems required to deploy its product to the transmission grid and establish a physical development site in Massachusetts.
