COMPANY INFO
Xcimer Energy Corporation, founded in 2022 by engineers Conner Galloway and Alexander Valys, is a privately held company based in Denver, Colorado with offices in Redwood City, California. It operates in the renewable energy semiconductor manufacturing industry, focusing on inertial fusion technology to deliver clean, safe, and abundant energy. The company has between 11 and 50 employees and is backed by leading climate investors. Xcimer Energy combines breakthrough laser technology with proven fusion science to commercialize scalable laser-driven fusion energy for the grid. Their website is https://xcimer.energy.
Xcimer Energy Corporation, founded in 2022 by engineers Conner Galloway and Alexander Valys, is an innovative player in the renewable energy semiconductor manufacturing industry. Headquartered in Denver, Colorado with an additional office in Redwood City, California, Xcimer Energy Corporation aims to revolutionize clean energy generation. The company leverages advanced inertial fusion technology by combining breakthrough laser technology with proven fusion science to deliver clean, safe, and abundant energy for the grid. With a team of between 11 and 50 employees, Xcimer Energy is committed to commercializing scalable laser-driven fusion energy systems.
Xcimer Energy Corporation funding history reflects its ambitious vision and groundbreaking technology. The company has raised a total of $101 million across three funding rounds, including a prestigious U.S. Department of Energy grant. Xcimer Energy Corporation investors include some of the world's leading climate and venture capital firms, as well as top institutional backers. The company’s Series A round represented a major milestone by enabling team expansion and the construction of a Denver-based prototype facility, while earlier seed funding and grants supported initial technology development. Xcimer Energy Corporation funding rounds demonstrate a strategy focused on both innovation and rapid commercialization, which positions it as a significant player in the future of energy.
The Series A round secured $100 million, led by Hedosophia, aimed at expanding the Xcimer Energy Corporation team, developing a prototype laser system, and establishing a new high-energy laser facility in Denver. These funds are critical for demonstrating the feasibility of a low-cost, high-energy laser approach for commercial inertial fusion energy.
Xcimer Energy Corporation received a $4 million grant from the U.S. Department of Energy's Advanced Research Projects agency. The funding supports further development and advancement of the company's inertial fusion energy technology.
The initial seed round provided $1.24 million, led by Wireframe Ventures. This capital was used for the company's launch and early-stage development of its fusion energy technology platform.
Hedosophia is a leading global venture capital firm, recognized for investing in transformative technology companies. As the lead investor in Xcimer Energy Corporation’s Series A round, Hedosophia plays a vital role in accelerating R&D and commercialization efforts.
Backed by Bill Gates and other visionaries, Breakthrough Energy Ventures specializes in funding next-generation clean energy solutions. Their investment in Xcimer Energy Corporation highlights confidence in the company's potential to impact the global energy landscape.
Lowercarbon Capital is known for backing startups focused on carbon reduction and climate tech. As an early investor, Lowercarbon Capital supports Xcimer Energy Corporation's vision of bringing clean fusion energy to scale.
Prelude Ventures invests in advanced energy technologies, climate, and sustainability. Their participation strengthens Xcimer Energy Corporation’s investor syndicate and commercial trajectory.
Emerson Collective, founded by Laurene Powell Jobs, is driven by social impact investments, including climate and energy technology. Their involvement brings strategic support to Xcimer Energy Corporation funding initiatives.
Gigascale Capital invests in deep tech solutions positioned for global impact, further enabling Xcimer Energy Corporation to achieve its growth and technology milestones.
Starlight Ventures is committed to supporting innovation in science and climate solutions, contributing to Xcimer Energy Corporation’s mission to commercialize fusion technology.
The U.S. Department of Energy’s grant funding marks official government endorsement and support for Xcimer Energy Corporation's technology roadmap.
Wireframe Ventures led Xcimer Energy Corporation’s seed round, providing critical early-stage capital and guidance to the founding team.
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