Hephaestus has raised $17.2M in a funding round led by CiRi Ventures to develop rare-earth-free HTS superconductors and build low-cost fusion power.
PRIVATEOct 21, 2026
Amount Raised
$17.2 Million
Round Type
Venture
Greater LondonEnergyRenewable Energy
Investors
Ciri Ventures
Description
Hephaestus exits stealth mode with significant funding to advance its technology. The company aims to supply rare-earth-free high-temperature superconductors. This funding will support their efforts in creating lower-cost fusion power solutions. The investment is expected to accelerate progress in sustainable energy.
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Company Information
Company
Hephaestus
Location
Greater London, England, United Kingdom
About
Hephaestus is focused on developing rare-earth-free high-temperature superconductors and plans to build low-cost fusion power. The company has recently exited stealth with a significant funding round. Their innovations aim to revolutionize energy applications by eliminating dependence on rare-earth materials.
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