Helion raises $425 million from SoftBank's venture arm, hits $5.4 billion valuation

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Helion raises $425 million from SoftBank's venture arm, hits $5.4 billion valuation - Channel News Asia

Quick Summary:

Helion, a startup working to generate electricity from nuclear fusion, on Tuesday said it has raised $425 million in venture funding from a group of investors including SoftBank Group's Vision Fund 2.

Other investors in the funding round include Lightspeed Venture Partners and a major university endowment fund that Kirtley declined to name.

Helion is among the dozens of public and private groups looking to crack the key challenge of fusion: how to get more electricity out of the nuclear reaction than it takes to create and contain it.