HomeIsraelNT-Tao Raises $22M in Series A Funding

NT-Tao Raises $22M in Series A Funding

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NT-Tao, a Tel Aviv, Israel-based nuclear fusion energy company, raised $22M in Series A funding.

The round was led by Delek US and NextGear Ventures, with participation from Honda, OurCrowd and the Grantham Foundation. The latest investment round brings Its total funding to $28M.

The company intends to use the funds to to continue to scale its team, accelerate prototype developments in the pipeline and build its new research facility.

Co-founded by Oded Gour-Lavie, Doron Weinfeld, and Boaz Weinfeld, NT-Tao combines advanced technologies to provide access to a compact and scalable fusion solution for all energy needs, enabling the world to transition away from conventional energy sources such as oil, natural gas, and coal.

The company’s proprietary ultra-fast plasma heating method will enable it to reach higher density than other fusion reactors, thereby making its fusion reaction more effective and resulting in greater efficiency of energy production than other solutions.¬†

FinSMEs

01/02/2023

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