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Benzinga
Benzinga
Business
Paula Tudoran

Big Tech Titans Including Nvidia, Google And Bill Gates Back $863 Million Bet On Nuclear Fusion As Next Energy Revolution

View,On,Cooling,Towers,Of,Nuclear,Power,Plant,Thermal,Power

The future of energy just got a massive boost from Silicon Valley’s biggest players. Nuclear fusion company Commonwealth Fusion Systems announced on Aug. 28 that it secured $863 million in Series B2 funding, with AI giant Nvidia (NASDAQ:NVDA) joining as a first-time investor.

The oversubscribed round attracted heavyweight backers including Google, Bill Gates‘s Breakthrough Energy Ventures, Laurene Powell Jobs‘s Emerson Collective, Khosla Ventures, Lowercarbon Capital, and Tiger Global. New investors also include Morgan Stanley’s (NYSE:MS) Counterpoint Global, billionaire Stanley Druckenmiller, and a consortium of 12 Japanese companies led by Mitsubishi and Mitsui.

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