Skeleton Technologies surpasses $1B valuation with Siemens backing for US expansion

Skeleton Technologies today announced a strategic investment from Siemens, bringing Skeleton’s valuation to more than $1 billion. The investment will primarily accelerate the expansion of Skeleton’s US manufacturing footprint and R&D activities in Silicon Valley to meet growing demand from hyperscalers for AI data-centre power systems. Check out our earlier interview with  Skeleton Technologies CEO Taavi Madiberk Global data-centre electricity consumption is expected to nearly double from around