Amperesand Announces $80M Series A Funding Co-led by Walden Catalyst Ventures and Temasek

Gunderson Dettmer represented client Amperesand, a next-generation power infrastructure provider for AI centers and critical power applications, in its oversubscribed $80 million Series A funding round co-led by Walden Catalyst Ventures and Temasek, with participation from new investors Industry Ventures, Acclimate Ventures, SG Growth Capital and existing investors Xora Innovation, Material Impact, TDK Ventures and Foothill Ventures. The new capital will support the company’s engineering and manufacturing operations in the U.S. and Singapore as it prepares to deliver its first commercial units in 2026.

In the announcement of the transaction, Amperesand CEO and Co-Founder Brian Dow said, “Amperesand is obsessed with revolutionizing Medium Voltage to critical load power delivery for next generation AI data centers, defense, and other essential electrified assets. We focus on first principles to achieve market leading power density, efficiency, and reliability. In this era of AI data center and other critical power systems becoming economic and national security interests for many countries, Amperesand’s MV SST Platform enables in-country cyber-secure controls and data, regionally available supply chains, and low CAPEX intensity local manufacturing. Our solution is an intelligent, universal Medium Voltage power source that works on-and-off grid to improve critical infrastructure resilience as new large electrical loads come online.”

The Gunderson deal team was led by Jonathan Pentzien and included Kinnari Sahita, Binh Vong, Utsav Rakshit and Jieying Chng.

Companies:
Amperesand