Just over a year after securing an initial $50m tranche backed by Eni, MIT’s Commonwealth Fusion Systems has closed its series A round with $115m in capital.

Commonwealth Fusion Systems (CFS), a US-based fusion power technology spinout of Massachusetts Institute of Technology (MIT), yesterday closed a $115m series A round backed by MIT’s The Engine. The company secured an initial $50m tranche in May 2018, provided in its entirety by energy supplier Eni according to a press release, though Maria Zuber, vice-president…

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