CosmicTaco

Pacific Fusion Secures $900M+ Series A for Innovative Nuclear Fusion Approach

CosmicTaco · 2024-10-25T21:49:16.416062+05:30

- General Catalyst leads a $900M+ Series A for Pacific Fusion, aiming to advance nuclear fusion through a pulsed magnetic approach. - The investment is part of General Catalyst's long-term commitment to identifying clean, secure, and affordable energy sources. - Pacific Fusion's team includes accomplished contributors to global science like Eric Lander, Will Regan, and Keith LeChien. - The funding structure is milestone-based, with the entire capital committed upfront but only unlocked as the company achieves pre-defined milestones. - This investment is a part of General Catalyst's ambition to Venture Beyond, expanding possibilities in advanced technologies. Source: [General Catalyst](https://www.generalcatalyst.com/stories/our-investment-in-pacific-fusion)

General Catalyst leads a $900M+ Series A for Pacific Fusion, aiming to advance nuclear fusion through a pulsed magnetic approach.
The investment is part of General Catalyst's long-term commitment to identifying clean, secure, and affordable energy sources.
Pacific Fusion's team includes accomplished contributors to global science like Eric Lander, Will Regan, and Keith LeChien.
The funding structure is milestone-based, with the entire capital committed upfront but only unlocked as the company achieves pre-defined milestones.
This investment is a part of General Catalyst's ambition to Venture Beyond, expanding possibilities in advanced technologies.

Source: General Catalyst

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