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Helion completes $465 million financing, valued at $15.5 billion

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Helion, a nuclear fusion energy startup supported by OpenAI founder Sam Altman, announced the completion of a $465 million funding round led by Thrive Capital, with a post investment valuation of $15.5 billion, almost triple the previous $543 million. It is reported that Helion is committed to developing nuclear fusion technology that can power data centers and other customers, but it still needs to prove the feasibility of its technology in actual power production. This round of financing will be used to accelerate technology research and commercialization. (The Information)

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