Everett's Helion raises $465M Series G funding round to accelerate fusion power.
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Everett's Helion raises $465M Series G funding round to accelerate fusion power. * john stearns * 12 hrs ago. Everett-based fusion-energy company Helion today announced a $465-million Series G investment round to accelerate commercial deployment of fusion, scale manufacturing capacity, and expand the company's ability to deliver clean electricity to customers. The latest round brings the total invested to date in Helion to $1.5 billion and values the company at $15.5 billion, the company said in a news release. Thrive Capital led the round, with participation from additional new investors, including Alta Park Capital, Anti Fund, BoxGroup, Lux Capital, Peak XV Partners, and Ford Motor Co. Executive Chairman Bill Ford, plus existing investors, including Capricorn Technology Impact Funds, Lightspeed Venture Partners, Mithril Capital, Dustin Moskovitz through Good Ventures Foundation, SoftBank Vision Fund 2, and a university endowment fund. The Series G announcement comes on the heels of several milestones achieved by Helion's seventh-generation Polaris prototype fusion energy machine as well as ongoing momentum behind Orion, the company's first fusion power plant. Polaris became the first privately funded fusion machine to operate with deuterium-tritium fuel and broke the company's own record for plasma temperatures, exceeding 150 million oC, the company said. Orion is...
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