
Helion Energy Raises $465M at $15.5B Valuation
Helion Energy, a nuclear fusion startup backed by Sam Altman, raised $465 million in a funding round led by Thrive Capital, valuing the company at $15.5 billion, nearly triple its $5.43 billion valuation from January 2025. The Everett, Washington-based company aims to produce electricity for data centers and other customers, though it has not yet demonstrated commercial electricity generation. The round included investors such as Alta Park Capital, Anti Fund, BoxGroup, Lux Capital, Peak XV Partners, and Bill Ford, alongside existing backers including Lightspeed Venture Partners, SoftBank Vision Fund 2, and Mithril Capital.
