TAR, which builds off-grid power systems for data centers, raised a $120M Series A led by Spark Capital at a ~$1B valuation (Mark Chediak/Bloomberg)

TAR, a company specializing in off-grid power systems for data centers, recently secured $120 million in Series A funding. This round was led by Spark Capital, an investor known for its involvement with artificial-intelligence developer Anthropic PBC. The funding round valued TAR at approximately $1 billion, highlighting significant investor confidence in its innovative approach to sustainable power solutions for data infrastructure.