Fundz

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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Hephaestus raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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