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Pranos raises $6.8 Mn to build high-field fusion reactor technology

EntrackrEntrackr · 9d ago
Pranos raises $6.8 Mn to build high-field fusion reactor technology
Medial

Pranos raises $6.8 Mn to build high-field fusion reactor technology Pranos Fusion has raised $6.8 million (approximately Rs 63 crore) in a seed funding round co-led by pi Ventures and Ankur Capital, with participation from Industrial47. India’s deep-tech ecosystem is seeing a fresh push into frontier energy, with fusion startup Pranos Fusion outlining ambitious plans to build compact tokamak reactors and core enabling technologies. Deep-tech startup Pranos Fusion has raised $6.8 million (approximately Rs 63 crore) in a seed funding round co-led by pi Ventures and Ankur Capital, with participation from its existing investor Industrial47 and other prominent angel investors, including Groww co-founder Lalit Keshre, the founders of Razorpay, and Bhukhanwala Industries. The company did not disclose its valuation but indicated that it is aligned with global fusion startups at a similar stage. The Bengaluru-based startup had previously secured Rs 3.5 crore in a pre-seed funding round from Industrial47 and received Rs 20 lakh as a grant from the Startup India Seed Fund. The proceeds will be deployed across the development of its fusion technology stack, including continued development of magnet systems, software-driven design and control capabilities, team expansion, and the build-out of testing facilities, Pranos Fusion said in a press release. Co-founded in May 2024 by Shaurya Kaushal and Roshan George, Pranos Fusion is a deep-tech fusion energy company developing compact magnetic confinement systems designed for stable and controllable long-pulse operation. The company is building an integrated fusion development stack combining design and plasma-control software (JENGA), a compact tokamak platform (PRAGYA), and a high-temperature superconducting magnet program (MAGGA) to accelerate progress toward commercially viable fusion power. The startup is currently collaborating with institutions such as the Institute for Plasma Research and the Jawaharlal Nehru Centre for Advanced Scientific Research, while also engaging with the global fusion program ITER. According to market research, global electricity consumption is projected to grow by nearly 20% before the end of this decade, driven by AI, manufacturing, and urbanisation. “We stand on the shoulders of brilliant fusion physics. Now, the world needs the commercial infrastructure to bring it to the grid—the technology to design, construct, and operate fusion power plants at scale. At Pranos, we are building exactly that, and we are beginning our contribution today, from India,” said Shaurya Kaushal, co-founder and CEO of Pranos Fusion. By integrating advanced design, plasma control, and high-temperature superconducting (HTS) magnets, Pranos aims to achieve longer confinement times and higher magnetic fields in a significantly smaller physical footprint. Globally, players like Commonwealth Fusion Systems are racing to commercialise tokamak-based fusion. Pranos, however, is betting on a compact, low-aspect-ratio design, aiming to reduce the traditionally massive size and cost of fusion reactors.

Neumann’s Flow attracts another $100M+, doubling valuation to $2.5B

InternetInternet · 11m ago
Neumann’s Flow attracts another $100M+, doubling valuation to $2.5B
Medial

Former WeWork founder Adam Neumann’s real estate and technology startup, Flow, has raised over $100 million in a Series B funding round, doubling its valuation to approximately $2.5 billion, according to Bloomberg. Existing investor Andreessen Horowitz participated in the round, increasing its stake from 20% to 25%. Flow, which focuses on tech-enabled residential rentals and co-living spaces, operates in South Florida, New York, Riyadh, and Palo Alto. The company aims to reinvent residential real estate by creating living environments that function more like products. Flow forecasts positive cash flow by 2025 and has launched successful projects such as Flow House, touted as one of the fastest-selling condo projects in South Florida. Neumann indicated plans for a future public offering but emphasized there is no rush.

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