Blue Laser Fusion Inc., a Palo Alto, CA-based inertial fusion company, closed its $37.5m Seed funding round.
Backers included SoftBank Corp., Yusaku Maezawa through the Maezawa Fund, and Itochu Corporation, which joined JAFCO Group Co., Ltd., SPARX Group Co., Ltd (Mirai Creation Fund III), and Waseda University Ventures.
Founded in 2022 by Shuji Nakamura, Ph.D, 2014 Nobel Laureate in Physics and Professor at the University of California, Santa Barbara, Hiroaki Ohta, Ph.D, General Partner of Waseda University Ventures (WUV), and Richard Ogawa, a Silicon Valley attorney, BLF has developed proprietary novel laser fusion technology capable of achieving fusion for energy generation for power grids. BLF’s technology enables a high efficiency Mega Joule pulse energy laser with a fast repetition rate coupled with a high gain, aneutronic solid target to achieve commercial fusion.
The company plans to complete its first prototype in 2025, and demonstrate a commercial-ready fusion reactor by 2030.
Blue Laser Fusion is a technology company with novel laser fusion technology. The technology is accelerating a transition to an electrified world without carbon using a proprietary high efficiency laser coupled with a high gain, aneutronic solid fuel target. The technology creates a complete clean energy system for providing electrical power to homes, businesses, and electric vehicles. “Blue Laser Fusion” and the logo are trademarks of Blue Laser Fusion Inc.
FinSMEs
20/03/2024