Skeleton Technologies, an AI infrastructure and grid power systems company based in Tallinn, has announced the first close of a larger pre-IPO funding round at €33 million, bringing its total venture capital raised to €392 million.
The round adds Axon Partners Group, SmartCap, and Taiwania Capital to the company’s investor base as Skeleton prepares for a planned US IPO in 2027.
The new funding is aimed at scaling the company’s high-power energy storage systems for AI data centers, where electricity constraints are becoming a growing obstacle to expansion. Skeleton said the capital will also support production growth, including expansion into the United States, and help advance its IPO plans.
Founded by Taavi Madiberk, Skeleton Technologies develops supercapacitors and SuperBattery technology designed for high-power applications across AI infrastructure and grid systems.
The round adds Axon Partners Group, SmartCap, and Taiwania Capital to the company’s investor base as Skeleton prepares for a planned US IPO in 2027.
The new funding is aimed at scaling the company’s high-power energy storage systems for AI data centers, where electricity constraints are becoming a growing obstacle to expansion. Skeleton said the capital will also support production growth, including expansion into the United States, and help advance its IPO plans.
Founded by Taavi Madiberk, Skeleton Technologies develops supercapacitors and SuperBattery technology designed for high-power applications across AI infrastructure and grid systems.