Realta Fusion Receives $9.5M

by Taylor Kennedy

Realta Fusion

Realta Fusion has received a $9.5 million growth capital facility from Silicon Valley Bank, the company announced recently.

“While our approach promises to be a lower capital path to fusion energy than some other concepts, we are still a deep tech company with significant capital needs,” Realta Fusion CEO and Co-Founder Kieran Furlong said in a statement. “This debt financing made available to us by SVB is a powerful tool we can put to good use on the way to safe, clean and reliable commercial fusion energy.”

According to a release, the financing will enable Realta to continue derisking the physics of its compact, scalable and modular CosMo fusion energy system on its path to commercialization.

Silicon Valley Bank is a division of First Citizens Bank.