TAR, an Austin-based provider of off-grid power systems for AI data centers, raised $120M in Series A funding at a $1 billion valuation. The funding round was led by Spark Capital with participation from Buckley Ventures, Align Fund, and others. The company plans to use the funds to expand operations and its development efforts. TAR builds modular power systems that combine renewable energy generation and battery storage designed for AI data centers.
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Company Information
Company
TAR
Location
Austin, Texas, United States
About
TAR is an Austin, TX-based provider of off-grid power systems for AI data centers. They build off-grid, modular power systems that combine renewable energy generation and battery storage designed for gigawatt-scale AI data centers. Their platform improves the entire energy deployment chain, utilizing a purpose-built deployment automation stack. Co-founded by Pat Becker and Leonhard Soenke, the company aims to reduce field labor in installing generation capacity.
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Fundz sees it the moment TAR raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
AustinEnergyArtificial IntelligenceRenewable EnergySolarEnergy StoragePower Grid