Helion raises $465M at $15.5B valuation to build fusion power plant for Microsoft by 2028
By
Tim De Chant
Summary
Helion, a fusion energy startup backed by Sam Altman, raised $465 million in a Series G funding round led by Thrive Capital, valuing the company at $15.5 billion. The startup is racing to complete Orion, its first fusion power plant, with an ambitious goal of delivering power to the grid by 2028 under a deal with Microsoft. Helion has now raised a total of $1.5 billion, following a $425 million round in January 2025.
Source
bskyHelion raises $465M at $15.5B valuation to build fusion power plant for Microsoft by 2028techcrunch.comKey quotes
· 3 pulledHelion, the fusion startup backed by Sam Altman, announced on Thursday that it had raised $465 million in a new funding round that values the company at $15.5 billion.
The startup has set an aggressive timeline to deploy fusion power to the grid, as early as 2028 if it can deliver on the terms of its deal with Microsoft.
The new round, a Series G, was led by Thrive Capital with a long list of participants.
You might also wanna read
Proxima Fusion raises $468mln for fusion energy push
Google and XTX Markets back German fusion start-up as nuclear bets proliferate
Together AI Raises $800 Million at $8.3 Billion Valuation for Open-Source AI Models
Together AI, an open-source AI model startup, announced an $800 million funding round at an $8.3 billion valuation, led by Prosperity7 Ventu
nytimes.com·6d ago
Defense Tech Startups Raise Record $12.3 Billion Amid Global Conflicts
Ongoing military conflicts in Ukraine and the Gulf have triggered an unprecedented $12.3 billion venture capital rush into the defense techn
clashreport.com·15d ago
AI Music Startup Suno Raises $400 Million, Valuation Jumps to $5.4 Billion
AI music generation startup Suno has raised $400 million in a Series D funding round led by Bond Capital, valuing the company at $5.4 billio
Variety·1mo ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.