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 |