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

The Next Web
By Cristian DinaSep 10, 2026, 3:24 pm94 ptsTrending
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 is an investor…

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