Google backs Proxima Fusion in $468 million round
Image: EDX Markets Proxima Fusion announced Tuesday that Google has backed the Germany-based startup in a 411 million euros ($468 million) funding round.
The company is targeting Europe's first commercial fusion power plant and aims to have a fusion demonstrator running in the early 2030s. CNBC reported the development. The round values the Munich-based nuclear fusion company at a level that makes it Europe's best-funded in the sector according to multiple accounts of the announcement.
Proxima Fusion received the investment from Google along with other participants in the funding. The announcement confirms Google's participation in the €411 million or $468 million round.
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