TAE Technologies, the advanced technology firm based in California has recently announced that it has raised around $280 million in its latest funding round. This includes financing from new and existing investors like Google and New Enterprise Associates.
The company did not disclose its latest valuation, however, it was valued at $2.6 billion after securing funds in May 2019 – claims PitchBook. It plans to use the latest capital towards further fusion work and innovative technology development.
It has raised $130 million earlier in 2021, so overall; TAE has bagged $880 million to date. Over time, several investors have been associated including brokerage Charles Schwab, Venrock, and the Kuwait Investment Authority.
Source: Reuters
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