Tech Company Financing Transactions
Xcimer Energy Funding Round
On 6/4/2024, Xcimer Energy raised $100 million in Series A funding from Hedosophia, Breakthrough Energy Ventures and Emerson Collective.
Transaction Overview
Company Name
Announced On
6/4/2024
Transaction Type
Venture Equity
Amount
$100,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to expand its team and build a prototype system to demonstrate the viability of its high-energy laser approach.
Company Information
Company Status
Private & Independent
Industry
Energy & Battery
Mailing Address
303 Twin Dolphin Dr 600
Redwood City, CA 94065
USA
Redwood City, CA 94065
USA
Phone
Undisclosed
Website
Email Address
Overview
Xcimer Energy believes that abundant energy creates a world where anything is possible. From climate change, to national security, to energy justice, fusion will give us the tools we need to address global challenges and lead to a cleaner, safer, more prosperous world for all humanity. Xcimer Energy is developing a system based on laser inertial confinement fusion, which is the only fusion approach that has achieved scientific breakeven. The Xcimer team will leverage this achievement and the significant progress made by the laser fusion community to advance IFE.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Conner Galloway
Chief Operating Officer
Benjamin Wheeler
Chief Technical Officer
Alexander Valys
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