Commonwealth Fusion Systems Closes Series A Round

Ad:

Commonwealth Fusion Systems closed its Series A round this week.
Commonwealth Fusion Systems

Commonwealth Fusion Systems closed its Series A round this week. The total for this round was $115 million USD. The money will be used to develop their first fusion machine by 2025. CFS has been raising money for quite a while but this week announced the final $50 million USD has been committed. CFS reported via press release that “New participants in the round include Future Ventures, Khosla Ventures, Lowercase Capital, Moore Strategic Ventures, Safar Partners, Schooner Capital, and Starlight Ventures who join Eni, Breakthrough Energy Ventures, The Engine and other investors committed to supporting the commercialization of fusion energy”. CFS is basing their ability to create a “net-energy” device on their designs for a super conducting magnet that will provide the pressure and containment necessary to produce fusion. (If anyone from CFS is reading this please post the original press release on your site or just anything new so we can link to it).

Be the first to comment

Leave a Reply

Your email address will not be published.


*