TAE Technologies

Funding Information

Date	Amount	Type	Funders	Description
September 03, 2020		In Kind Grant	DOE OFES (US Department of Energy Office of Fusion Energy Sciences)	INFUSE
May 20, 2016	$375,000,000	Investment Round	Alphabet For Good Ventures Wellcome Trust	Series F
January 01, 2015	$127,500,000	Investment Round	Unknown Investor	Series E
February 01, 2013	$127,000,000	Investment Round	Big Sky Partners Rusnano	Series D-2
August 01, 2010	$50,000,000	Investment Round	New Enterprise Associates	Series D
April 26, 2007	$40,000,000	Investment Round	Vulcan Ventures Venrock Associates Goldman Sachs Enel Latin America New Enterprise Associates PIZ signal	Series C-2
November 14, 2005	$39,413,060	Investment Round	Vulcan Ventures Venrock Associates	Series C
September 01, 2003	$6,670,000	Investment Round	Vulcan Ventures	Series B
December 13, 2002	$1,140,000	Investment Round	Paul Allen	Series A-2
September 19, 2001	$3,790,000	Investment Round	Unknown Investor	Series A
January 01, 2000	$1,700,000	Investment Round	Unknown Investor	Capitalization
Total:	$772,213,060

Description

TAE Technologies originally grew out of the physics department at the University of California, Irvine. TAE was founded in 1998 by George Sealy, Harry Hamlin, and Andrew Conrad in Foothill Ranch, California.

TAE's fusion concept is a field-reversed configuration (FRC) and their original goal was to utilize proton boron fusion fuel which has the advantage of generating almost no neutron radiation.

TAE has raised money from venture capital firms, large corporations, government grants, and private investors.

TAE's strategy has evolved over time, from their original, single minded pursuit of proton-boron fusion to a portfolio focused on fusion and fusion adjacent technologies. These include TAE Life Sciences which focuses on neutron boron cancer research.