Skeleton Technologies surpasses $1B valuation with Siemens backing for US AI power expansion
Siemens invests in Skeleton, pushing its valuation above $1 billion. The goal: US manufacturing expansion and R&D in Silicon Valley for power systems that remove harmonics and rapid fluctuations in AI GPU clusters, delivering up to 40% energy savings and double-digit GPU performance gains. The move shifts the AI bottleneck from GPU supply to power infrastructure.