Commonwealth Fusion Systems is a technology company developing fusion power systems based on ARC tokamak reactors that is headquartered in Cambridge, Massachusetts and was founded in 2017 by Martin Greenwald, Robert Mumgaard.
On June 27, 2019 Commonwealth Fusion Systems completed their series A funding round with $115 million in funding form Future Ventures, Khosla Ventures, Lowercase Capital, Moore Strategic Ventures, Safar Partners, Schooner Capital, and Starlight Ventures who join Eni, Breakthrough Energy Ventures, The Engine, and other investors. The CEO of Commonwealth Fusion Systems, Bob Mumgaard, made the following statement regarding the companies successful series A funding round:
This visionary group of investors share our mission of revolutionizing the energy landscape with a fundamentally new power source to meet our global demands and combat climate change. CFS is on track to commercialize fusion and deliver an inherently safe, globally scalable, carbon-free, and limitless energy source.
Commonwealth Fusion Systems raises a $115,000,000 series A round from Schooner Capital, Safar , Khosla Ventures and Lowercase Capital.
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Commonwealth Fusion Systems Closes $115M Series A, Makes Our Inner Sci-Fi Nerds Happy
June 28, 2019