Sam Altman-Backed Startup Raises $425 Million To Build World's 1st Nuclear Fusion Power Plant
With the latest round of funding, Helion has raised over $1 billion in capital since it was founded in 2013. The company claims that it will build the world's first nuclear fusion power plant by 2028 and has already secured a purchase agreement from Microsoft which is a major investor in Mr Altman's OpenAI.
Sam Altman-Backed Startup Invests Half A Billion Dollars To Build World's First Nuclear Fusion Power Plant
Open AI CEO Sam Altman-backed Startup is investing in world's first nuclear fusion based power plant to solve the energy crisis in United States.
Sam Altman, SoftBank invest in $425M round for Helion, a Seattle-area startup chasing fusion power
Seattle-area company Helion Energy gets $425 million from investors including Sam Altman and Softbank to pursue clean energy's "Holy Grail."
Sam Altman’s $5.4B Nuclear Fusion Startup Helion Baffles Science Community
Helion’s nuclear fusion promises have garnered the attention of Silicon Valley—and raised concerns amongst scientists wary of its aggressive timeline.
Nuclear fusion startup Helion to build ‘world’s first’ power plant after raising $425 million
A nuclear fusion startup backed by OpenAI founder Sam Altman has raised nearly half a billion dollars to build what it hopes to be the world’s first power plant using the next-generation energy source. US-based Helion Energy recently unveiled its latest prototype in Everett, Washington, before announcing a $425 million funding round this week.
Fusion power startup Helion raises $425M in funding
According to TechCrunch, Helion will use its $425 million funding round to upgrade its manufacturing capabilities. The company currently relies on external suppliers to provide it with capacitors, a type of energy storage device. Helion hopes that moving capacitor manufacturing in-house will enable it to significantly speed up production.
Helion bags $425M in fresh funding despite fusion power still being a distant dream
Microsoft-backed startup now valued at $5.4B Fusion energy startup Helion has yet to prove it can generate electricity, but that hasn't stopped investors from dumping another $425 million into the venture.
Helion has $1 billion and 3 years to figure out fusion-powered energy
Washington-based fusion energy company Helion just raised US$425 million in fresh funding for its bid to be the first to produce usable electricity through nuclear fusion. The firm's latest Series F round brings the total investment into Helion over the $1 billion line,
Sam Altman-backed ‘world’s first’ fusion power plant gets funds to power Microsoft
Helion, a leading innovator in fusion energy technology, has announced receiving a fresh $425 million in funding. This significant investment will enable Helion to expedite the development of its commercial-scale fusion power plant.
Helion secures $425m to accelerate fusion tech commercialisation
Fusion energy company Helion has secured a substantial $425m in series F funding, aimed at accelerating the commercialisation of its fusion technology. The funding round saw contributions from a mix of new and existing investors.
Fusion energy company Helion raises $425 million as milestones approach
The Everett-based company hit a valuation of more than $5.4 billion with the raise. Everett-based fusion energy company Helion on Tuesday raised a $425 million Series F round. The company is now valued at more than $5.
Helion raises $425M to help build a fusion reactor for Microsoft
Helion's unorthodox approach to fusion power and relative secrecy has earned it plenty of fans — and critics. But don’t count ...
A private start-up called Helion aims to have a working fusion reactor by 2028
Building a working nuclear fusion reactor has proven to be a daunting challenge even for multiple wealthy nations, as we've ...
Everett company seeks to scale up after landing $425 million
In 2022, Helion moved from Redmond to Everett, where it has a roughly 150,000-square-foot headquarters, along with roughly 30 ...
Helion raises $425 mln from SoftBank's venture arm, hits $5.4 bln valuation
Helion, a startup working to generate electricity from nuclear fusion, on Tuesday said it has raised $425 million in venture ...