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TAR raises $120m at a $1bn valuation to build off-grid power for AI

This story is from 2026-09-10. It is preserved in the archive; the latest stories are on the live feed.

TAR has raised a $120m Series A led by Spark Capital at a $1bn post-money valuation. The Austin company builds off-grid power systems for AI data centres. The company announced the round on Thursday. Prior investors Buckley Ventures and Align Fund also took part, Bloomberg reported. Spark Capital i…

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  1. 2026-09-10 19:24 · The Next Web
    TAR raises $120m at a $1bn valuation to build off-grid power for AI

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