Finnish deeptech company Vensum Power has raised 9 million euros in a Series A funding round co-led by Lifeline Ventures, Larsen & Toubro Group, and Eviny Ventures. This capital brings the company's total funding to 15.2 million euros. The investment is intended to support the transition of its power conversion technology into mass production and its expansion into the artificial intelligence data centre market.
Vensum Power develops a software-defined power conversion platform designed to improve energy efficiency by mitigating electricity losses during conversion. The approach aims to ensure converters maintain high efficiency even when electrical loads fluctuate rapidly. This technology is intended for electric vehicle charging infrastructure, energy storage systems, and direct current (DC) microgrids, addressing the growing need to reduce energy waste as global electricity demand rises.
The company is also focusing on AI data centres, which face challenges from escalating electricity requirements and limited power availability. The technology aims to optimize the efficiency of electricity delivery to computing infrastructure, helping data centres make more effective use of their existing electrical capacity.
CEO Peter Nisula states the funding marks a transition from technology development to industrial-scale manufacturing. He explains that the fundamental question in data centres is no longer simply about chip processing power, but how efficiently the electricity actually reaches those computing units. With the newly secured capital, Vensum Power plans to advance its platform into mass production in 2027.