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Backed by XTX Ventures, East X Ventures +2 more · verified emails and LinkedIn on Datapile
Google backs Proxima Fusion in €411 million round as Big Tech bets on stellarators to solve the power crunch - Startup Fortune
Proxima Fusion is a startup focused on developing fusion energy technology, specifically utilizing a stellarator design for continuous power generation. The company aims to create a net-energy stellarator demonstrator, Alpha, with funding from notable investors like Google and RWE. This round of funding positions Proxima as Europe's best-funded fusion startup, highlighting the increasing interest from Big Tech in sustainable energy solutions.
Google backs Proxima Fusion in €411 million round as Big Tech bets on stellarators to solve the power crunch Startup Fortune
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