Boston, MA – According to filings with the U.S. Securities and Exchange Commission, VEIR Inc. is raising $11,999,998.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Adam Wallen played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About VEIR Inc.

VEIR is developing a new generation of High Temperature Superconductor (HTS)-based transmission lines. VEIR’s evaporative cooling architecture delivers 20 times the cooling power per kilogram of coolant flow compared to conventional approaches. VEIR’s innovations will enable reliable, low loss, cost effective HTS-based transmission over long distances in narrow rights of way, connecting the lowest cost renewable power to where it’s needed, when it’s needed.

To learn more about VEIR Inc., visit http://veir.com/

Contact:
Adam Wallen, Chief Executive Officer
617-804-6091
adam@veir.com
https://www.linkedin.com/in/adam-wallen-7603646/

SOURCE: http://www.intelligence360.io
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