Nuclear Startup Fuse Valued at Over $200 Million in New Funding

Dreams of nuclear fusion have captured investors’ attention in recent years, spurring a boom in private funding driven by technological breakthroughs, new federal funding and the promise of cheap, abundant energy.

Deep-pocketed optimists like Bill Gates, Jeff Bezos, Peter Thiel and Sam Altman have all channeled resources into nuclear research at different companies. But industry experts say producing commercially viable fusion will require another decade or two of work.

The startup fuse is building machines to test the effects of nuclear radiation.

Source: Fuse Energy Technologies

That delay could benefit Fuse Energy Technologies Corp. The company, which has raised $32 million in a new funding round, is building technology to help nuclear fusion upstarts ...