Google-backed TAE Technologies raises $280 million from new, existing investors
Reuters | Apr 08, 2021 09:45 PM EDT
The logo of Google is seen on a building at La Defense business and financial district in Courbevoie near Paris, France, (Photo : REUTERS/Charles Platiau/File Photo)
TAE Technologies, a California-based firm building technology to generate power from nuclear fusion, said on Thursday it had raised $280 million from new and existing investors, including Google and New Enterprise Associates.
The company, which did not disclose its latest valuation, was valued at $2.6 billion after raising funds in May 2019, according to data platform PitchBook. Including the latest funding, TAE has raised $880 million till date.