Commonwealth Fusion is an MIT spinoff research company that focuses on bringing fusion energy technology to market.
Commonwealth Fusion is a research company that develops energy through an inexhaustible power plant. It uses rare-earth barium copper oxide superconductor technology to develop energy. They combine proven physics backed by decades of government-funded fusion research with a revolutionary superconducting magnet technology to accelerate the path to commercial fusion energyCommonwealth Fusion Systems (CFS) is on track to bring fusion energy technology to the market. CFS was spun out of MIT and is collaborating with MIT’s Plasma Science and Fusion Center to leverage decades of research combined with the innovation and speed of the private sector. Supported by the investors in breakthrough energy technologies, the CFS team is uniquely positioned to deliver the fastest path to commercial fusion energy.Commonwealth Fusion began operation in 2017, with its headquarters in Cambridge in Massachusetts.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Dec 1, 2021 | Series B | $1.80B | 30 | Tiger Global Management | — | Detail |
May 26, 2020 | Series A | $84M | 13 | Temasek Holdings | — | Detail |
Jun 27, 2019 | Series A | $115M | 10 | Breakthrough Energy Ventures | — | Detail |
Jun 17, 2019 | Seed | — | 1 | — | — | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Tiger Global Management | Yes | Series B |
Bill Gates | — | Series B |
Breakthrough Energy Ventures | — | Series B |
Coatue | — | Series B |
DFJ Growth | — | Series B |
Emerson Collective | — | Series B |
Eni | — | Series B |
Equinor Ventures | — | Series B |
Fine Structure Venture | — | Series B |
FootPrint Coalition | — | Series B |