OpenAI Founder-Backed Energy Startup Helion Raises $465 Million, Led by Thrive Capital

Odaily News: Helion, a nuclear fusion energy startup backed by OpenAI founder Sam Altman, announced it has completed a $465 million funding round led by Thrive Capital, achieving a post-money valuation of $15.5 billion — nearly three times its previous valuation of $543 million. The company is developing nuclear fusion technology aimed at powering data centers and other customers, though it has yet to prove the feasibility of its technology for actual power generation. Investors remain highly confident in its potential, and the funding will be used to accelerate technology research and commercialization efforts. (The Information)