Xcimer Energy
Powering the future with cost-effective, abundant, and carbon-free energy through innovative fusion technology.
Powering the future with cost-effective, abundant, and carbon-free energy through innovative fusion technology.
Xcimer Energy is an inertial fusion startup based in Redwood City, California, founded in 2021. The company is focused on delivering affordable, abundant, and carbon-free energy through innovative fusion technology. Xcimer Energy combines cost-effective excimer laser technology with the HYLIFE reaction chamber concept to design an Inertial Fusion Energy (IFE) system. This approach successfully tackles long-standing challenges to practical fusion power. The company recently secured a $100.00M Series A investment on 04 June 2024. The investment was led by a consortium of prominent investors including Prelude Ventures, Breakthrough Energy Ventures, Emerson Collective, Lowercarbon Capital, Starlight Ventures, Hedosophia, and Gigascale Capital. Xcimer Energy's vision and technological approach position it as a promising player in the energy and energy efficiency industries, shaping the future of carbon-free energy solutions.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Series A | $100.00M | 7 |
|
04 Jun 2024 |
| Grant | Unknown | 1 | US Department of Energy | 07 Dec 2023 |
| Grant | $9.00M | 1 | US Department of Energy | 31 May 2023 |
| Convertible Note | $8.75M | 1 |
|
01 Dec 2022 |
No recent news or press coverage available for Xcimer Energy.
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