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aVenture is in Alpha: aVenture recently launched early public access to our research product. It's intended to illustrate capabilities and gather feedback from users. While in Alpha, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to temporarily present this information to showcase the product's potential, but you should not yet rely upon it for your investment decisions.
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Commonwealth Fusion Systems (CFS) was founded with the mission to develop and commercialize compact fusion power plants, aiming to provide a limitless and clean energy source. The company leverages advanced magnet technology to accelerate the path to commercial fusion energy. CFS focuses on renewable energy generation, targeting markets that seek sustainable and reliable energy solutions.
Notable figures affiliated with CFS include leading scientists and engineers in the field of fusion energy. The company has attracted significant investment from prominent venture capital firms and energy companies. Key achievements include breakthroughs in magnet technology and successful fundraising rounds, positioning CFS as a leader in the pursuit of practical fusion energy. The overall impact of CFS lies in its potential to revolutionize the energy sector by providing a sustainable alternative to fossil fuels.
Operating Status
Active
Ownership Type(s)
Venture Capital, Private
Main Product(s)
Fusion Energy
Technology
Fusion Energy
Tags
Cleantech
Model Types
Hardware
Revenue Type(s)
Enterprise, Government
Customer Type(s)
Global
When was Commonwealth Fusion Systems founded?
Commonwealth Fusion Systems was founded in 2018.
Where is Commonwealth Fusion Systems’s headquarters located?
Commonwealth Fusion Systems’s headquarters is located in DE, US.
How many employees does Commonwealth Fusion Systems have?
Commonwealth Fusion Systems has 350 employees as of Feb 5, 2024.
How much has Commonwealth Fusion Systems raised to-date?
As of July 05, 2023, Commonwealth Fusion Systems has raised a total of $2B (USD) since May 31, 2023.
Add Comparison
Total Raised to Date
$2B
USD
Last Update May 31, 2023
Total Employees Over Time
350
As of Feb 2024
Commonwealth Fusion Systems Address
Delaware
United States
TechCrunch
Bill Gates-backed Type One Energy lands massive seed extension to commercialize fusion power
The startup is betting it can bring its fusion technology to market at a breakneck pace by leaning heavily on partners. © 2024 TechCrunch....
Jul 30, 2024
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Help us improve our AI - Is this article for the right company?
TechCrunch
Without this company’s technology, future fusion power plants might never light up
Marathon Fusion emerges from stealth with a plan to help fusion power plants extract tritium, a necessary fuel. © 2024 TechCrunch. All...
Jul 18, 2024
Is this the right Commonwealth Fusion Systems?
Help us improve our AI - Is this article for the right company?
TechCrunch
WHAM! Nuclear fusion experiment hits new record for magnet strength
Strong magnets are essential for the type of fusion power being pursued by Commonwealth Fusion Systems and a number of other startups. ©...
Jul 18, 2024
Is this the right Commonwealth Fusion Systems?
Help us improve our AI - Is this article for the right company?
TechCrunch
Why Commonwealth Fusion Systems’ superconducting magnet sale is more than it seems
Fusion power may still be a few years away, but one startup is laying the groundwork for what it hopes will become a bustling sector of the...
Jul 12, 2024
Is this the right Commonwealth Fusion Systems?
Help us improve our AI - Is this article for the right company?
Source(s): This page includes data and analysis provided by the company, OpenAI, and our research analysts