Madison-based
Realta Fusion announced this week the closure of an oversubscribed $36 million Series A funding round.
Realta Fusion is developing modular, compact magnetic mirror fusion energy generators. This technology delivers clean, reliable energy while addressing the need for scalable, zero-carbon solutions as industries embrace AI and cloud computing.
Khosla Ventures,
Wisconsin Alumni Research Foundation and
TitletownTech, existing Realta Fusion investors, participated in the round.
"This funding allows us to validate our plasma simulations using real-world experimental data, bringing us dramatically closer to making fusion energy real," said
Kieran Furlong, CEO of Realta Fusion. "From there we will design a prototype fusion device that is as de-risked as you can get it, before we actually go build it. We aim to have it operating by 2028."
Realta Fusion is partnering with the
University of Wisconsin-Madison to develop its fusion technology through the Wisconsin High-field Axisymmetric Mirror (WHAM) project. WHAM recently achieved its first plasma, a major milestone in demonstrating the potential of high-field magnetic mirror technology to create commercially viable fusion energy.
With this new funding, Realta Fusion will advance the physics of the magnetic mirror fusion device currently operating at UW-Madison and support the engineering and design of their own prototype fusion energy system.
The company will continue to grow its team and complete plans for "The Realta Forge," a purpose-built fusion research and development facility.
