Overview
Heron Power has secured $140 million in Series B financing to enhance its solid-state transformer technology and boost U.S.-based manufacturing. The funding round was co-led by Andreessen Horowitz's American Dynamism Fund and Breakthrough Energy Ventures, with contributions from existing investors including Capricorn Investment Group, Energy Impact Partners, Valor Atreides AI Fund, and Gigascale Capital.
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Investors: Andreessen Horowitz's American Dynamism Fund, Breakthrough Energy Ventures, Capricorn Investment Group, Energy Impact Partners, Valor Atreides AI Fund, Gigascale Capital
Heron Power has secured $140 million in Series B financing to enhance its solid-state transformer technology and boost U.S.-based manufacturing. The funding round was co-led by Andreessen Horowitz's American Dynamism Fund and Breakthrough Energy Ventures, with contributions from existing investors including Capricorn Investment Group, Energy Impact Partners, Valor Atreides AI Fund, and Gigascale Capital.
Heron Power Inc. has raised $140 million to establish a 40-gigawatt manufacturing facility in the U.S. for its solid-state transformer solution, Heron Link, aimed at enhancing energy infrastructure and supporting AI data center projects. The company was founded in 2024 by former Tesla executive Drew Baglino.