Skeleton Technologies Secures €33 Million in Pre-IPO Funding for 2027 US IPO

Skeleton Technologies Secures €33 Million in Funding for IPO Preparation

Skeleton Technologies, a leading AI infrastructure and grid power systems provider based in Tallinn, has announced the first close of a larger funding round totaling €33 million. This latest funding round brings the company’s total venture capital funding to €392 million as it gears up for its planned initial public offering (IPO) in the United States in 2027.

The recent round has expanded Skeleton’s investor base with the addition of Axon Partners Group, SmartCap, and Taiwania Capital, with more investors set to join in a larger round ahead of the IPO.

Taavi Madiberk, CEO and co-founder of Skeleton Technologies, emphasized the importance of reliable and high-performance power solutions in the scaling AI infrastructure. He stated that the funding round has brought in strategic partners to support the development of the next generation of power solutions that aim to reduce AI data center energy consumption by 40%, increase computing power by 40%, and facilitate faster power grid connections.

Founded in 2009, Skeleton Technologies is recognized as the world’s largest manufacturer of supercapacitors for mission-critical infrastructure and industry. The company’s energy storage systems, based on patented Curved Graphene and supercapacitor technology, play a crucial role in supporting AI and grid stability, defense systems, space exploration, and more. Skeleton Technologies holds 70 patent families protecting its core technology.

The company’s new funding will enable it to meet the increasing demand for high-power energy storage solutions within AI data centers. Skeleton Technologies, known for its mass-scale supercapacitor manufacturing in Germany and a one-gigawatt SuperBattery factory in Finland, is gearing up to expand its production to the United States.

Skeleton Technologies’ solutions aim to enhance AI data center operations by improving reliability, energy efficiency, and reducing dependence on grid constraints. The company’s flagship solution, GrapheneGPU, is tailored for high-density AI computing environments, offering a 40% reduction in energy consumption and a 40% increase in computing power.

Skeleton Technologies emphasizes that its solutions are built on trusted European and transatlantic supply chains, avoiding reliance on scarce critical raw materials like lithium, cobalt, and nickel to mitigate strategic dependency risks.

With claims of having the largest engineering and R&D teams in the high-power energy storage sector, Skeleton Technologies is well-positioned to drive innovation in AI infrastructure and power solutions.