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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.
Nuclear Startup Pacific Fusion Raises $900 Million in Funding Tranched deal would pay out if startup hits certain milestones Nuclear energy has become VC hotspot as AI guzzles power https://t.co/adE4Ver3qa
I’ve long been bullish on fusion as a key route to powering the world with abundant, affordable clean energy. Pacific Fusion, which is pursuing pulsed magnetic fusion, makes its public debut today. Proud to be an investor and back its work! https://t.co/unSB42aUhe
One to keep an eye on **Nuclear Startup Pacific Fusion Raises $900 Million in Funding ** nice group of guys in there with Ken Griffin and Mustafa Suleyman from Microsoft AI $NNE $SMR $OKLO (junk) https://t.co/HnItEljgCy
