TAE Technologies

Energy

Founded: 1998

Last Round Valuation: $4.96B

TAE is dedicated to revolutionizing the energy landscape with its groundbreaking clean energy solution—a compact, affordable, and sustainable fusion power source designed to meet the world's energy needs for generations to come. The company's patented technologies, originally developed for their distinctive fusion approach, are now being harnessed to drive advancements in electric mobility, power management, and other related fields. Founded in 1998 by Glenn Seaborg, Hendrik Monkhorst, and Norman Rostoker, TAE is headquartered in Foothill Ranch, CA, as it continues to spearhead the development of innovative and safe energy solutions.

TAE Technologies Overview:

TAE (formerly known as Tri Alpha Energy) is a pioneering company at the forefront of clean energy technology. Founded in 1998 by Glenn Seaborg, Hendrik Monkhorst, and Norman Rostoker, TAE is focused on developing a revolutionary fusion power source with the potential to transform the world's energy landscape.

At the core of TAE's mission is the pursuit of commercial fusion power. Fusion has long been regarded as the ultimate clean energy solution, capable of providing abundant, sustainable, and carbon-free energy. TAE aims to make fusion power a reality by developing a compact and cost-effective fusion reactor that is safe and scalable.

TAE's approach to fusion, known as Field-Reversed Configuration (FRC), is unique and innovative. It involves confining plasma in a toroidal shape using magnetic fields. The FRC design offers advantages such as enhanced stability and improved plasma performance, bringing commercial fusion power closer to reality.

The company's research and development efforts have resulted in several patented technologies that are critical to their fusion approach. These proprietary technologies not only advance fusion science but also have potential applications in other industries. TAE is leveraging these technologies to explore innovations in electric mobility, power management, and more, expanding their impact beyond fusion energy.

With a dedicated team of scientists, engineers, and industry experts, TAE has made significant progress in advancing fusion technology. They have conducted numerous experiments and achieved important milestones in plasma performance and confinement. The company's focus on continuous improvement and iterative development has propelled them forward in their pursuit of practical fusion energy.

Headquartered in Foothill Ranch, California, TAE operates state-of-the-art research and development facilities where they conduct experiments and refine their fusion technology. The company collaborates with leading scientists, research institutions, and industry partners to further accelerate their progress.

TAE's vision extends beyond fusion power. They aim to provide a sustainable and clean energy solution capable of meeting the world's growing energy demands while mitigating the effects of climate change. By developing a fusion power source that is compact, cost-effective, and safe, TAE envisions a future where clean and abundant energy is accessible to all.

Through their unwavering commitment to scientific innovation, rigorous research, and collaboration with experts in the field, TAE is paving the way for a new era of clean energy. Their fusion technology has the potential to reshape the global energy landscape, addressing the world's energy challenges and unlocking new possibilities for a sustainable future.

Founders:

  • Glenn Seaborg

  • Hendrik Monkhorst

  • Norman Rostoker

Top Investors:

  • Chevron

  • Goldman Sachs

  • Google

  • New Enterprise Associates

  • Paul Allen

  • Reimagined Ventures

  • Sumitomo Corporation of Americas

  • TIFF Investment Management

  • The Rusnano Group

  • Venrock

  • Vulcan Capital

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Jul 2022 Series G-2 $125MM $911.7MM $100.00 $4.96B Chevron, Google, Reimagined Ventures
Jul 2022 Series G-3 $125MM $911.7MM $100.00 $4.96B Chevron, Google, Reimagined Ventures
Apr 2021 Series G $153.49MM $786.7MM $65.00 $3.07B Undisclosed Investors
Feb 2017 Series F $221.02MM $633.21MM $50.00 $2.13B Undisclosed Investors
Jan 2015 Series E $96.08MM $412.2MM $40.00 $1.39B Undisclosed Investors
Feb 2013 Series D-2 $127MM $316.11MM $25.00 $816.17MM The Rusnano Group
Aug 2010 Series D $84.96MM $189.11MM $18.75 $465.59MM New Enterprise Associates
May 2007 Series C-2 $40MM $104.16MM $12.50 $241.86MM Venrock, Vulcan Capital, Goldman Sachs
Nov 2005 Series C $50.22MM $64.16MM $10.00 $186.87MM Venrock, Vulcan Capital
Sep 2003 Series B $9.79MM $13.94MM $5.00 $48.39MM Vulcan Capital
Jan 2003 Series A-2 $1.14MM $4.14MM $5.00 $28.58MM Undisclosed Investors
Jul 2002 Series A $3MM $3MM $2.50 $12MM Paul Allen

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