Caroline Hyde

Bloomberg's Mike Shepherd, thank you very much.

Now coming up, Drew Baglino, CEO of Heron Power, joins us to talk about the energy startup's latest funding round.

He may be a familiar face and a familiar name, of course, long time Tesla executive.

Now in a new domain, that's next.

This is Bloomberg Tech.

Heron Power, the energy startup founded by former Tesla executive Drew Baglino, has raised a $140 million Series B. The company makes advanced electrical equipment for delivering power faster and more efficiently to projects like AI data centers.

Drew is with us now here in San Francisco.

We have been tracking Heron since its earlier days.

This is a quick series B maybe in succession to the fundraising you did already.

But importantly, you bring Andreessen in through the American Dynamism Fund, a new investor.

Let's start with that.

Why go there?

First of all, thanks, Ed, for having me again on the program.

I'm super proud to represent Heron on this major milestone today.

Yeah, well, we're focused on building new technology and manufacturing in the United States, and that's really aligned with A16Z's thesis through their American Dynamism Fund.

And we just found alignment on our future vision of how we can revolutionize the electricity sector in the U.S.

together.

In the time that I've known you, but particularly since you've been working on Heron, you've been pretty transparent.

What you're trying to do is rethink a technology, essentially, and where it fits into modernizing grids, data center, the big energy capacity build-out, which we'll get to.

Is there something more than just the capital that A16z can help you with there?