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Japanese Laser Fusion Company, Ex-Fusion, Raises $1.8 Billion Yen As Seed Round With Plans To Advance Laser Fusion Research And Development

Jul 06, 2023over 2 years ago

Amount Raised

$1.8 Billion

Round Type

seed

OsakaProfessional ServicesOtherInformation TechnologySoftware

Investors

Mitsubishi Ufj Capital

Description

EX-Fusion announced today the close of an over-subscribed $1.8 billion yen seed-round investment designed to accelerate the commercial development of laser fusion technology. EX-Fusion has raised 130 million yen to date, and this latest financing will bring the total amount raised to 1.93 billion yen.

Company Information

Company

Ex Fusion

Location

Osaka, Osaka Prefecture, Japan

About

The company aims to provide a system for high repetition lasers such as laser tracking (automation of laser alignment) and target injection for ICF and laser-plasma research.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers