SEATTLE, WA, Avalanche Energy, a fusion energy startup developing modular compact fusion machines, today announced $29 million in new funding led by RA Capital Management.
New investors include 8090 Industries, Overlay Capital, and others, with full participation from existing investors Congruent Ventures, Founders Fund, Lowercarbon Capital, and Toyota Ventures, demonstrating increased confidence in Avalanche's technical progress and commercial roadmap.
Avalanche Energy's modular design can be stacked for near-endless power applications and unprecedented energy density to provide clean energy for applications in austere and grid-challenged settings (space propulsion, underwater UAVs, data centers, military bases, etc.). This unique approach enables rapid iterations of design, build, test, and fix cycles for faster development and scalability.
(c) by Massinvestor, Inc. For contact info, please check out our
about page.