Search results for RWE
AI & Enterprise
Dassault Systemes to acquire ArisGlobal to boost life sciences push
Dassault Systemes said on Tuesday it signed a definitive agreement to acquire ArisGlobal, an AI-native enterprise compliance platform company, as part of its push into the life sciences market. It plans to pay about $1.8 billion in cash at closing and may pay up to an additional $200 million over the coming years depending on whether AI-related revenue targets are met. Dassault aims to combine its expertise with ArisGlobal capabilities in regulatory operations and real-world evidence management.
Industry
Google backs German startup Proxima Fusion aiming for Europe\'s first commercial fusion power plant
Google has invested in German startup Proxima Fusion, which is aiming to build Europe’s first commercial nuclear fusion power plant. Proxima Fusion said it closed a 411 million euro funding round, valuing the company at $2.7 billion. The round was led by XTX Ventures and EastX Ventures, with RWE and Google as strategic investors. The company is developing a stellarator and targets an early-2030s demonstration plant and a commercial facility later in the decade.
Industry
Focused Energy raises $240 million in Series A funding for laser fusion
German laser fusion company Focused Energy said on May 27 it has completed a $240 million Series A funding round, the largest such round in the global fusion industry. It said the financing makes it Europe’s highest-valued fusion company. RWE invested $60 million as a strategic investor and industrial partner. The funding will be used to develop a former RWE nuclear plant site in Biblis, Hesse, to build an industrial laser fusion power plant targeted for the mid-2030s.