TAR has successfully raised $120 million in a Series A funding round led by Spark Capital, valuing the company at $1 billion post-money. The Austin-based firm specializes in developing off-grid power solutions tailored for AI data centers. This latest investment round also saw participation from prior backers Buckley Ventures and Align Fund, as reported by Bloomberg. Notably, Spark Capital also invests in AI company Anthropic, highlighting confidence in this emerging tech sector.
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