The problem
Data centers and factories wait years for grid interconnection and lose power converting AC to DC
What they do
Builds private HVDC transmission lines that deliver power to AI data centers and industry
Traction Pre-revenue; no customers or built lines disclosed; targets 14 GW by 2030
Hiring trend
- Open roles
- 9
- Ops roles
- 2
- Headcount
- ~20
~15 staff (Aug 2026) to 20 (Sep 2026); 6 open roles
Hiring in
- San Francisco
- New York
- Remote
Latest news
Sep 2026
Hired HVDC veterans from Champlain Hudson, Vineyard Wind and SunZia to lead development, legal and finance ↗Funding
- Last round
- $52.6M
- Stage
- Early-stage VC (priced round; labeled Series B/C by aggregators)
- Date
- May 2026
Led by Altimeter, Founders Fund
- Hiring+19 open roles on the live job board (3–9 roles = +1)
- Funding recency+1.5Early-stage VC (priced round; labeled Series B/C by aggregators) · $52.6M, May 2026 (5 months ago): 6 months or less = +1.5
- Traction+0.75Some growth: Pre-revenue; no customers or built lines disclosed; targets 14 GW by 2030
- Red flags0None found in the last 24 months
- Total3.251 + 1.5 + 0.75 − 0 = 3.25 → Steady (1.5–3.49)
Distance (Unproven) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Unproven
A 2025 startup with no line built or customer named yet; the plan needs rights-of-way, interconnection deals and billions in project capital
Sources: SEC Form D, May 2026: $52.6M sold, founded 2025 ↗ · American Terawatt site: 525 kV network, 14 GW capacity by 2030 target ↗ · Dealroom, May 2026: unclear how far $52.6M goes for a project this size ↗
Open ops roles · 2
Last checked Oct 25, 2026