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Helion raises $465 million, accelerates goal to supply fusion power to Microsoft by 2028

U.S. fusion startup Helion Energy raised $465 million in new funding, valuing the company at $15.5 billion. Helion said it will use the money to accelerate construction of its first commercial power plant, the Orion project planned in Washington state, and aims to supply fusion electricity to the grid as early as 2028. The company has a power supply contract with Microsoft for its data centres and says it plans to deliver by 2028.

AI & Enterprise

RISC-V chip design startup SiFive raises $400 million

RISC-V chip design startup SiFive raised $400 million in a Series G funding round, SiliconANGLE reported on Thursday. The round valued the company at $3.65 billion. Atreides Management led the financing, with participation from Nvidia and enterprise technology investor Apollo. SiFive’s cumulative external funding has topped $760 million. Founded in 2015 by RISC-V creators, SiFive sells ready-to-use RISC-V processor designs spanning automotive, battery-powered connected devices and data centre chips.

AI & Enterprise

AI dominates global venture investment in February as \'big three\' take 83 percent

Artificial intelligence is effectively dominating the global venture investment market, the latest report by startup data platform Crunchbase showed. Venture capital funding flowing into startups worldwide reached a record $189 billion in February, with AI startups raising $171 billion, or about 90 percent of the total. OpenAI, Anthropic and Waymo accounted for 83 percent of all investment, led by OpenAI’s $110 billion raise and a $730 billion valuation.