Siemens Takes Exclusive Data-Center Rights to Skeleton Technologies, Lifts Supercapacitor Maker Past $1B

Siemens led a nine-figure strategic round in Estonian supercapacitor maker Skeleton Technologies, lifting the Baltic firm past a $1B valuation and locking in exclusive rights to sell its data-center products. Siemens is pitching Skeleton's supercapacitors as 'electrical shock absorbers' that smooth rapid power swings on AI training clusters, with the money funding US manufacturing and R&D expansion aimed at hyperscaler customers.