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Will Pacific Fusion announce a successful test of their pulsed magnetic fusion approach by the end of 2025?
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Pacific Fusion•Eric Lander•Will Regan•Keith LeChien•Carrie von Muench•Leland Ellison•Ken Griffin•Mustafa Suleyman•Microsoft AI•Lightspeed
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Official announcements from Pacific Fusion or credible scientific publications
Story
Nuclear Startup Pacific Fusion Raises $900 Million Led by Eric Lander
Oct 25, 2024, 04:16 PM
Pacific Fusion, a startup focused on developing nuclear fusion-based energy, has raised over $900 million in a Series A funding round. The funding round was led by Eric Lander, Will Regan, and Keith LeChien, with contributions from Carrie von Muench and Leland Ellison. The company aims to create a full-scale demonstration system within a decade using an innovative pulsed magnetic approach. This significant investment places Pacific Fusion near the top of the growing nuclear energy industry, which has become a hotspot for venture capital as AI technologies increase power demands. Notable investors include Ken Griffin and Mustafa Suleyman from Microsoft AI. The company is also backed by Lightspeed.
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