Summary
Source: Tech.eu Read the original article
Finnish deeptech company
Vensum Power has raised €9 million in a Series A funding round co-led by
Lifeline Ventures, Larsen & Toubro Group and Eviny Ventures. The investment
will support the mass production of its power conversion technology and its expansion
into AI data centres. The new funding brings Vensum Power's total capital
raised to €15.2 million.
Vensum Power develops a
software-defined power conversion platform designed to improve energy
efficiency by reducing electricity losses during power conversion. Its
technology is intended for applications including electric vehicle (EV)
charging, energy storage systems and DC microgrids.
As electricity demand
continues to grow, reducing energy losses during power conversion is becoming
increasingly important. Vensum Power aims to address this challenge through its
software-defined approach, which enables its converters to maintain high efficiency
even when electrical loads change rapidly, helping make more effective use of
available power capacity.
The company is also
targeting AI data centres, where rising electricity requirements and limited
power availability are creating additional challenges. Its technology aims to
improve the efficiency of electricity delivery to computing infrastructure, helping
data centres make better use of their existing power capacity.
According to Peter Nisula,
CEO of Vensum Power, the funding marks the company's transition from technology
development to industrial-scale production, while opening opportunities to
apply its technology in AI data centres.
The question in data
centres is no longer only how powerful the chips are, but how efficiently the
used electricity actually reaches them. Thanks to the software-defined
approach, our converters operate consistently at extremely high efficiency even
with rapidly changing loads,
explains Nisula.
With the new capital,
Vensum Power plans to move its power conversion platform into mass production
in 2027, targeting EV charging, energy storage and DC microgrids, while
extending its technology into the AI data centre market.
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Source: Tech.eu
