Friday · October 9, 2026

 ·  Daily  ·  Newsletters

Resonance network: Quantum InsiderSpace Insider

TAR Secures $120M Series A at a $1B Valuation Led by Spark Capital to Build Off-Grid Power for AI

Insider Brief

  • TAR, which builds off-grid power systems for AI data centers, raised a $120 million Series A led by Spark Capital at a $1 billion post-money valuation, funding will expand its Austin HQ, San Francisco engineering office, and West Texas logistics operation.
  • TAR builds self-contained, modular renewable energy and battery systems that avoid grid interconnection queues, verticalizing the full process from site selection and engineering to construction and ongoing operation.
  • Founded by Pat Becker and Leonhard Soenke in 2026, TAR is currently executing a utility-scale deployment with a major neocloud and finishing TAR Terminal One, its manufacturing and logistics center in West Texas.

PRESS RELEASE — TAR, which builds off-grid power systems for AI data centers, has announced a $120 million Series A led by Spark Capital at a $1 billion post-money valuation. The funding will grow its Austin HQ and San Francisco engineering office, expand its West Texas logistics and manufacturing operation, and speed up deployments already underway.

Power is an increasingly obvious bottleneck for AI. Interconnection queues run years long, and data center projects keep stalling on grid capacity and local opposition. TAR doesn’t ask the grid for anything. It builds self-contained, modular systems of renewable energy generation and batteries in West Texas. Nothing it builds competes with a community for power.

TAR is approaching energy deployment differently by verticalizing the entire chain. TAR handles the full process from site selection to detailed engineering and design plans, procurement, logistics, civil works and construction, and full commissioning and ongoing operation. Doing so allows TAR to operate at an unprecedented pace by avoiding coordination across a wide range of slow-moving third parties.

Using their purpose-built deployment automation stack, TAR puts up generation capacity faster, at larger scale, and with far less field labor than conventional construction. The team pairs energy veterans from Hut 8, AES and Vistra with robotics engineers from Zipline, GrayMatter Robotics and Lucid Motors.

“To lead the frontier of AI after a lack of investment in the electrical grid for decades requires a complete rethinking of energy deployments. Gigawatt-scale deployments in tight time windows necessitate owning the full stack end-to-end,” said Pat Becker, co-founder of TAR.

“We are excited by the demand from our customers. Our focus now is scaling supply to make a real impact on the power shortage stopping the scaling of compute,” said Lenny Soenke, co-founder of TAR.

TAR is currently executing a utility-scale deployment in tandem with one of the largest neoclouds, developing a dedicated project campus, and finishing TAR Terminal One, its manufacturing and logistics center in West Texas.

“Power is becoming the main bottleneck to scaling compute. We will need innovation, unprecedented speed and exceptional companies unblocking it at every level,” said Will Reed, General Partner at Spark Capital.

TAR is hiring in Austin and San Francisco across engineering, robotics, power systems, operations, supply chain and project management. Leadership includes Jeff Silvan, Head of Projects (previously Hut 8, ON Energy); Christian Sanchez, Head of Power Systems (Zelestra, AES); and Raphael Levy, Head of Supply Chain (NineDot, Vistra). Open roles at tar.com/careers.

About

TAR builds off-grid power systems for AI data centers at gigawatt scale. Founded by Pat Becker and Leonhard Soenke in 2026, the company is headquartered in Austin, Texas, with engineering in San Francisco and manufacturing in West Texas. Backed by Spark Capital, Buckley Ventures, Align Fund and more. Learn more at tar.com.

Contacts

Press Contact: 
Diana Vicinanza
VSC, on behalf of TAR
TAR@vsc.co

SOURCE

James Dargan
About the author
James Dargan

James Dargan is a writer and researcher at The AI Insider. His focus is on the AI startup ecosystem and he writes articles on the space that have a tone accessible to the average reader.

Trending today

Business & Markets

Valon Raises $150M Series D at a $2.3B Valuation to Deploy ValonOS and AI Agents into Mortgage

Business & Markets

SoftBank Seeks Up to $100B From Gulf Investors to Expand AI and Robotics Bets

Business & Markets

Healthleap Announces $38M in Funding From Sequoia, First Round and Hummingbird to Flag Undiagnosed Hospital Conditions With AI

Technology & Infrastructure · Applications & agents

Meta Opens Muse to Hardware Hackers With Open Source Gadgets Project

Business & Markets

Gallatin AI Announces $50M Series A to Accelerate Transformation of Military Logistics

The AI economy, every weekday morning

The daily briefing on LinkedIn. Free, one tap to follow.

Exclusives

Exclusive

South Korea’s AI G3 Strategy: Decoded

Scale-ups to Watch

10 Switzerland-Based AI Scale-Ups You Need to Know in 2026

network, blockchain, digital, hand, web, community, artificial, intelligence, steering, interfaces, bokeh, future, digitization, transformation, change, blockchain, blockchain, blockchain, blockchain, blockchain, transformation
Exclusive

Why Crypto Could Be AI’s Payment Layer: BlackRock Sees Stablecoins Connecting Commerce and Compute

AI Predictions
Exclusive

Why AI Predictions Often Get The Technology Right But The Timeline Wrong

Scale-ups to Watch

10 CEE & Baltics-Based AI Scale-Ups You Need to Know in 2026

More in Business & Markets

Latest from the same section
Business & Markets · Startups

FireDome Launches US Operations With California Wildfire Defense Test Site

17 hours ago
Business & Markets · Startups

Veir Raises $110M in Series C Funding to Scale Superconducting Power Systems for AI Data Centers

21 hours ago
Business & Markets · Startups

Report: Physical AI Growing Faster Than Markets Are Ready to Deploy

Yesterday
Business & Markets · Startups

Mecka Raises $60M in Series B Funding to Build Data and Deployment Infrastructure for Robots

Yesterday

The AI economy, every weekday morning

The daily briefing plus the weekly Scale-ups to watch edition. Free, no spam, unsubscribe any time.