From RuntimeWire · RuntimeWire · · 50s
Vensum Power Raises €9M for AI Data Centre Power
Vensum Power secures €9M to scale industrial power conversion for AI data centres.
In brief
Vensum Power secures €9M to scale industrial power conversion for AI data centres. Vensum Power raised €9M in Series A funding to produce power converters for AI data centres, recovering lost grid capacity. Originally reported by RuntimeWire.
Power Conversion Challenge
AI data centres, EV chargers and storage systems face grid capacity limits, with every percentage point lost in power conversion reducing usable capacity and adding heat.
Vensum Power's Series A Funding
Vensum Power raised €9m in a Series A co-led by Lifeline Ventures, Larsen & Toubro Group and Eviny Ventures, taking total capital raised to €15.2m.
Company Background
Peter Nisula joined Vensum Power in spring 2022 after co-founder and former CEO Jyrki Penttonen died suddenly, requiring the team to decide whether to continue or dissolve the company.
The short version
Vensum Power raised €9M in Series A funding to produce power converters for AI data centres, recovering lost grid capacity.
