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

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 in Anthropic, Bloomberg noted. [] This story continues at The Next Web

11 Sep 2026 12:54 am