Commonwealth Fusion Stock
Fusion energy technology from MIT
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About Commonwealth Fusion Stock
Commonwealth Fusion is a research company that develops energy through an inexhaustible power plant. It uses rare-earth barium copper oxide superconductor technology to develop energy. They combine proven physics backed by decades of government-funded fusion research with a revolutionary superconducting magnet technology to accelerate the path to commercial fusion energy Commonwealth Fusion Systems (CFS) is on track to bring fusion energy technology to the market. CFS was spun out of MIT and is collaborating with MIT’s Plasma Science and Fusion Center to leverage decades of research combined with the innovation and speed of the private sector. The business designs and builds fusion machines that deliver limitless and clean fusion energy and integrate proven physics with magnet technology, allowing clients to contribute to the expansion of renewable energy while mitigating the effects of climate change.
Investors
Breakthrough Energy Ventures
Commonwealth Fusion, Nature's Fynd, QuantumScape, Pivot Bio, Turntide Technologies, CarbonCure Technologies
Coatue
Swiggy, Commonwealth Fusion, Lacework, Caris Life Sciences, Relativity Space, Hopin, Snyk, Rapyd, SpotOn, Attentive
DFJ Growth
Commonwealth Fusion, Avant, Hopin, DataRobot, Unity Technologies, Collective Health, Sysdig, Cohesity, Mapbox, Alchemy
Eni Next
Future Ventures
Magic Leap, Nuro, Commonwealth Fusion, TAE Technologies, Tempus, Niantic, Symphony Communication Services, Ionic Security, Trifacta, Barefoot Networks
JS Capital Management
Khosla Ventures
Instacart, Stripe, DoorDash, Impossible Foods, Palantir Technologies, Commonwealth Fusion, View, Zenefits, Eat Just, Opendoor
Moore Strategic Ventures
Commonwealth Fusion, Scopely, Workrise, Group14 Technologies, Prime Medicine, Outdoorsy, La Haus, Autogrid
Safar Partners
Sand Hill Angels
Commonwealth Fusion, Relativity Space, Collective Health, Carbon Health, JUUL, ICON, Guideline, Petal, Madison Reed, Axiom Space
Schooner Capital
Senator Investment Group
Commonwealth Fusion, Relativity Space, Ginkgo Bioworks, Animoca Brands
Soros Fund Management
Commonwealth Fusion, Jeeves, Yieldstreet, Virtru, Lukka, Animoca Brands
Starlight Ventures
Temasek Holdings
PharmEasy, Tokopedia, Ola, Magic Leap, DoorDash, Impossible Foods, Commonwealth Fusion, Wish, Snyk, AvidXchange
The Engine
Tiger Global Management
Flipkart, Delhivery, Ather Energy, Databricks, Grab, Chime, Ola, Relativity Space, Quikr, Palantir Technologies
Funding History
| June 2019 | $115M |
|---|---|
| May 2020 | $84.0M |
| December 2021 | $1.8B |
Management
Chief Executive Officer and Co-Founder
Robert Mumgaard
Co-founder
Martin Greenwald
Co-Founder and Chief Technology Officer
Dan Brunner
Head Of Engineering
Patrick Schweiger
Head of Manufacturing
Joy Dunn
Chief Scientific Officer
Brandon Sorbom
Finance
Carolina Zimmerman
Head of Special Projects
Rachael Terry
Technical Lead - SPARC Central Solenoid & Poloidal Field Coils
Chris Craighill
Instrumentation Engineer
ZACH FREDIN
Head of Human Resources
Amy Higgins
Press
cnb - Jun, 9 2023
Commonwealth Fusion has raised $2 billion to make energy like the sun and stars — here’s a look insidebusinesswire - May, 31 2023
Commonwealth Fusion Systems Selected by U.S. DOE for Milestone Program to Accelerate Commercial Fusion Energycnet - Mar, 11 2023
Fusion Power Would Revolutionize Energy, if We Could Just Get It Workingforbes - Mar, 11 2023
Fusion Is About To Become A Must-Have Investment, DOE Official Saysnews - Nov, 28 2022
Crunchbase Insider: My Techonomy Conference Takeawaysnews - Aug, 22 2022
Venture Investors Put Billions Into Nuclear Fusion And Fission Projectsnews - Aug, 4 2022
The 10 Biggest Rounds Of July: Xpansiv Locks In Top Spot With $400M, Cleantech Monolith Lands Huge Roundnews - Jul, 6 2022
Coatue’s Funding Numbers Take Significant Dip in First Half Of Yearnews - Mar, 10 2022
What Current Series B Trends Say About The US Startup Scenenews - Feb, 14 2022
Investors Fired Up About Fusion As First Light Fusion Sparks $45M Series Cnews - Jan, 13 2022
SoftBank, Tiger Still Lead Pack Of Spendiest Startup Investors In The Worldnews - Jan, 10 2022
North American Startup Funding Scaled Unprecedented Heights In 2021news - Dec, 30 2021
The Year’s 10 Biggest VC Funding Rounds: Cruise, Rivian And Lots Of Billion-Dollar Dealsnews - Dec, 22 2021
From Rockets To Lab-Grown Meat, These Deals Show Some Of The Hottest New Startup Sectors Of 2021news - Dec, 14 2021
Powering Up: Investors Warming To Nuclear Fusioncanarymedia - Dec, 4 2021
Commonwealth Fusion pulls in a colossal $1.8B for novel nuclear techprnewswire - Dec, 3 2021
Commonwealth Fusion Systems Raises $1.8 Billion in Funding to Commercialize Fusion Energynews - Dec, 3 2021
The Week’s 10 Biggest Funding Rounds: Commonwealth Fusion Systems Powers Up With Gigantic $1.8B-plus Raise, MoonPay Hits Unicorn Statusow - Dec, 3 2021
Commonwealth Fusion Systems in Devens raises $1.8Bthestreet - Dec, 3 2021
Commonwealth Fusion, Backed by Gates, Soros, Benioff, Raises $1.8Bhackaday - Sep, 30 2021
Commonwealth Fusion’s 20 Tesla Magnet: A Bright SPARC Towards Fusion’s Futureprnewswire - Sep, 28 2021
Safar Partners portfolio company Commonwealth Fusion Systems (CFS) announces commercial fusion breakthrough.prnewswire - Sep, 9 2021
Commonwealth Fusion Systems creates viable path to commercial fusion power with world's strongest magnetnanalyze - Jun, 15 2021
When Will We Have Nuclear Fusion Energy?TechCrunch - Apr, 8 2021
Claiming a landmark in fusion energy, TAE Technologies sees commercialization by 2030techxplore - Dec, 31 2020
Novel public-private partnership facilitates development of fusion energyscottamyx - Dec, 23 2020
Interview with Katie Rae, CEO & Managing Partner of The Enginebit - Oct, 21 2020
MIT Validates Science Behind New Nuclear Fusion Reactor Designphys - Sep, 30 2020
Validating the physics behind the new MIT-designed fusion experimentmedium - Sep, 4 2020
Fantasy Fusion Teamsphys - Jul, 11 2020
To engineers' surprise, radiation can slow corrosion of some materialsfusionenergybase - Jun, 12 2020
The Fossil Fuel Industry's Interest in Fusion Energyzpr - May, 27 2020
Commonwealth Fusion Systems snags another $84M in Series A2finsmes - May, 27 2020
Commonwealth Fusion Systems Raises $84M in A2 Fundingdlvr - May, 27 2020
With $84 million in new cash, Commonwealth Fusion is on track for a demonstration fusion reactor bytrib - May, 26 2020
Nuclear Fusion Startup Gets $84 Million to Enter Next Phasemedium - Mar, 30 2020
Commonwealth Fusion Systems Power Plantnanalyze - Oct, 25 2019
The Moonshot Promise of Fusion EnergyTechCrunch - Jun, 27 2019
A Boston startup developing a nuclear fusion reactor just got a roughly $50 million boostForbes - May, 21 2019
The New Nuclear: How A $600 Million Fusion Energy Unicorn Plans To Beat Solartechnologyreview - Mar, 1 2019
Bill Gates explains why we should all be optimistsslashgear - Nov, 13 2018
High-temperature semiconductors and stronger magnets pave the way to a cheaper fusion-powered futuresiliconrepublic - Nov, 7 2018
Scientists excited by cheaper, faster way to produce nuclear fusion energyscmagazine - Oct, 13 2018
ACLU seeks Mass. police’s browsing history after tweet reveals possible monitoring of activist groupsgeekwire - Sep, 27 2018
Backed by Bill Gates and Jeff Bezos, Breakthrough Energy Ventures lists seven new investmentstechnologyreview - Sep, 27 2018
Bill Gates has added a geothermal startup to his clean energy fund’s first betsEquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.
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