MIT spinout Commonwealth Fusion Systems has raised the largest funding round yet for a nuclear fusion developer with investors including The Engine.

Commonwealth Fusion Systems (CFS), a US-based fusion energy technology spinout of Massachusetts Institute of Technology, raised more than $1.8bn in its series B round today backed by the institute-aligned venture fund and incubator The Engine.

Tiger Global Management led the round, which also attracted an unnamed university endowment as well as oil and gas companies Eni and Equinor, the latter through corporate venturing arm Equinor Ventures, and Google, the internet technology subsidiary of conglomerate Alphabet.

Two pension funds, of which…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).