Amperesand
Category: AI in Climate / Energy
Amperesand develops solid-state transformers (SSTs) for medium-voltage to direct-current (MV→DC) power conversion, focused on cyber-secure, high-efficiency power systems for AI data centers and critical infrastructure Amperesand was founded in 2023. The company is led by Gary Lawrence. Based in Singapore, Singapore. Team size: 100+. Total funding raised: $92.45M. Latest round: Series A. Key investors include Walden Catalyst Ventures, Temasek, Xora Innovation, Material Impact, TDK Ventures.
- Founded
- 2023
- Headquarters
- Singapore, Singapore
- Team size
- 100+
- Total funding
- $92.45M
Value proposition
Higher efficiency and reduced energy loss vs. traditional transformers; cyber-resilient modular design to mitigate single-point failures; compact form factor saves data-center floor space and enables scalable MV→DC power delivery
Products and solutions
1.5 MW Solid-State Transformer Systems, Customizable MV→DC conversion units for hyperscale facilities, Integration with AI-driven energy management software
Unique value
Founded on NTU R&D with founders who scaled 1.5 MW SSTs; emphasis on cyber-resilient, modular SST architecture tailored to hyperscale AI workloads
Target customer
Hyperscale AI data centers, cloud providers, and critical infrastructure operators (e.g., ports, industrial facilities)
Industries served
AI/Data Centers, Renewable Energy, Industrial & Critical Infrastructure
Technology advantage
High-frequency switching enabling smaller, higher-efficiency transformers and vertical integration of power electronics and control systems to reduce third-party dependencies and speed time-to-market
How they differentiate
Specializes in SSTs tailored for AI data centers with a focus on MV→DC conversion, offering higher efficiency, scalability, and cyber-secure designs compared to traditional grid or broader-market competitors
Main competitors
Smart Wires, Third Equation, IONATE
Key partnerships
National University of Singapore (NTU), Walden Catalyst Ventures, Temasek, Port of Singapore Authority
Notable customers
Port of Singapore (2026 pilot), Hyperscale AI data-center operators (anonymous / NDA-protected)
Major milestones
Closed $80M Series A (Nov 2025) co-led by Walden Catalyst and Temasek, Secured 30MW of commercial SST systems for 2026 delivery, Completed 1.5MW SST system scaling (2024), Port of Singapore pilot agreement (2026), Expanded to 100+ employees across Singapore and US operations
Growth metrics
Preparing for first commercial deliveries in 2026 with 30MW of commercial systems planned; scaling team to 100+ employees globally
Market positioning
Positioned as an innovator in next-generation power infrastructure for AI, emphasizing technical leadership in SSTs and partnerships with hyperscale data-center operators
Geographic focus
Primarily Singapore and the U.S., with planned expansion into other AI data-center hubs in Europe and Asia-Pacific
Patents and IP
18 patent families from NTU research, with pending patents on modular SST design and thermal management systems
About Gary Lawrence
Former Tesla and Generac executive with deep expertise in power electronics and energy infrastructure
Official website: https://amperesand.io