Madison Startups: Realta Fusion Raises $12M in Funding

Realta Fusion, a fusion energy technology spin-out from the University of Wisconsin, has raised $12 million in financing, the company announced recently.

The funding consisted of a $9 million seed round led by Khosla Ventures and a $3 million award from the U.S. Department of Energy. The Wisconsin Alumni Research Foundation (WARF) also participated.

According to a release, the funds will be used to develop compact magnetic mirror fusion technology.

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