Pacific Fusion valuation, funding and investors
Pacific Fusion works in fusion energy system manufacturing, based in Fremont, United States. Founded in 2023, it has about 225 employees.
- Last round
- Series A · $900M · Oct 2024
- Valuation at last round
- $5.00B · implied
- Headcount
- 225 · growing
- Grade
- C
- Founded
- 2023
Pacific Fusion valuation today
VCMC values Pacific Fusion at $12.7B today, with a range of $5.5B to $19.3B and a grade of C. The valuation starts from its last funding round, a Series A round in Oct 2024.
Valuation by date (48 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2023 | $22.1M | $8.05M – $60.7M | $24.1M (+9%) | before first round | – | unknown | D | 0% |
| 1 Feb 2023 | $22.3M | $8.11M – $61.2M | $24.3M (+9%) | before first round | – | unknown | D | 0% |
| 1 Mar 2023 | $22.4M | $8.16M – $61.6M | $24.5M (+9%) | before first round | – | unknown | D | 0% |
| 1 Apr 2023 | $22.6M | $8.22M – $62.0M | $24.7M (+9%) | before first round | – | unknown | D | 0% |
| 1 May 2023 | $22.8M | $8.28M – $62.5M | $24.8M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jun 2023 | $22.9M | $8.35M – $63.0M | $25.0M (+9%) | before first round | – | unknown | D | 0% |
| 1 Jul 2023 | $23.1M | $8.41M – $63.4M | $25.2M (+9%) | before first round | – | unknown | D | 0% |
| 1 Aug 2023 | $23.3M | $8.47M – $63.9M | $25.2M (+8%) | before first round | – | unknown | D | 0% |
| 1 Sep 2023 | $23.4M | $8.53M – $64.4M | $25.2M (+8%) | before first round | – | unknown | D | 0% |
| 1 Oct 2023 | $23.6M | $8.59M – $64.8M | $25.2M (+7%) | before first round | – | unknown | D | 0% |
| 1 Nov 2023 | $23.8M | $8.66M – $65.3M | $25.2M (+6%) | before first round | – | unknown | D | 0% |
| 1 Dec 2023 | $24.0M | $8.72M – $65.8M | $25.2M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jan 2024 | $24.1M | $8.79M – $66.3M | $25.2M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2024 | $24.3M | $8.85M – $66.8M | $25.2M (+4%) | before first round | – | unknown | D | 0% |
| 1 Mar 2024 | $24.5M | $8.92M – $67.3M | $25.2M (+3%) | before first round | 16 | unknown | D | 0% |
| 1 Apr 2024 | $24.7M | $8.98M – $67.8M | $25.2M (+2%) | before first round | 16 | unknown | D | 0% |
| 1 May 2024 | $24.9M | $9.05M – $68.3M | $25.2M (+1%) | before first round | 16 | unknown | D | 0% |
| 1 Jun 2024 | $25.0M | $9.12M – $68.8M | $25.2M (+1%) | before first round | 16 | unknown | D | 0% |
| 1 Jul 2024 | $25.2M | $9.18M – $69.3M | $25.2M (0%) | before first round | 16 | unknown | D | 0% |
| 1 Aug 2024 | $39.6M | $16.9M – $78.6M | $39.6M (0%) | before first round | 35 | growing | C | 0% |
| 1 Sep 2024 | $39.6M | $16.9M – $78.6M | $39.6M (0%) | before first round | 35 | growing | C | 0% |
| 1 Oct 2024 | $39.6M | $16.9M – $78.6M | $39.6M (0%) | before first round | 35 | growing | C | 0% |
| 26 Oct 2024 | $5.0B | $3.3B – $13.7B | $9.0B (+80%) | after a round | 35 | growing | C | 0% |
| 1 Nov 2024 | $5.1B | $3.3B – $13.7B | $9.0B (+78%) | after a round | 47 | growing | C | 0% |
| 1 Dec 2024 | $5.3B | $3.3B – $13.7B | $9.0B (+70%) | after a round | 47 | growing | C | 0% |
| 1 Jan 2025 | $5.6B | $3.3B – $13.7B | $9.0B (+61%) | after a round | 47 | growing | C | 0% |
| 1 Feb 2025 | $5.9B | $3.3B – $13.7B | $9.0B (+53%) | after a round | 47 | growing | C | 0% |
| 1 Mar 2025 | $6.1B | $3.3B – $13.7B | $9.0B (+47%) | after a round | 47 | growing | C | 0% |
| 1 Apr 2025 | $6.4B | $3.3B – $13.7B | $9.0B (+40%) | after a round | 47 | growing | C | 0% |
| 1 May 2025 | $6.8B | $3.3B – $13.7B | $9.0B (+33%) | after a round | 47 | growing | C | 0% |
| 1 Jun 2025 | $7.1B | $3.3B – $13.7B | $9.0B (+27%) | after a round | 47 | growing | C | 0% |
| 1 Jul 2025 | $7.5B | $3.3B – $13.7B | $9.0B (+21%) | after a round | 47 | growing | C | 0% |
| 1 Aug 2025 | $9.1B | $4.0B – $16.6B | $10.9B (+20%) | after a round | 114 | growing | C | 0% |
| 1 Sep 2025 | $9.7B | $4.0B – $16.6B | $10.9B (+12%) | after a round | 114 | growing | C | 0% |
| 1 Oct 2025 | $10.6B | $4.1B – $17.0B | $11.2B (+5%) | after a round | 126 | growing | C | 0% |
| 1 Nov 2025 | $11.4B | $4.2B – $17.4B | $11.4B (0%) | after a round | 138 | growing | C | 0% |
| 1 Dec 2025 | $11.6B | $4.3B – $17.7B | $11.6B (0%) | after a round | 151 | growing | C | 0% |
| 1 Jan 2026 | $11.6B | $4.4B – $17.7B | $11.6B (0%) | after a round | 151 | growing | C | 0% |
| 1 Feb 2026 | $11.6B | $4.4B – $17.7B | $11.6B (0%) | after a round | 151 | growing | C | 0% |
| 1 Mar 2026 | $11.6B | $4.5B – $17.7B | $11.6B (0%) | after a round | 151 | growing | C | 0% |
| 1 Apr 2026 | $12.0B | $4.7B – $18.3B | $12.0B (0%) | after a round | 177 | growing | C | 0% |
| 1 May 2026 | $12.0B | $4.8B – $18.3B | $12.0B (0%) | after a round | 177 | growing | C | 0% |
| 1 Jun 2026 | $12.2B | $4.9B – $18.5B | $12.2B (0%) | after a round | 185 | growing | C | 0% |
| 1 Jul 2026 | $12.2B | $5.0B – $18.5B | $12.2B (0%) | after a round | 185 | growing | C | 0% |
| 1 Aug 2026 | $12.2B | $5.1B – $18.5B | $12.2B (0%) | after a round | 185 | growing | C | 0% |
| 1 Sep 2026 | $12.2B | $5.1B – $18.5B | $12.2B (0%) | after a round | 185 | growing | C | 0% |
| 1 Oct 2026 | $12.7B | $5.4B – $19.3B | $12.7B (0%) | after a round | 225 | growing | C | 0% |
| 24 Oct 2026 | $12.7B | $5.5B – $19.3B | $12.7B (0%) | after a round | 225 | growing | C | 0% |
Key facts about Pacific Fusion
- Founded
- 2023
- Headquarters
- Fremont, United States
- Employees
- about 225 +79% in a year
- Total raised
- $900M
- Funding rounds
- 1
- Last round
- Series A Oct 2024
Pacific Fusion was founded in 2023 by Carrie von Muench, Eric Lander, Keith LeChien, Leland Ellison and Will Regan.
Pacific Fusion funding history
Pacific Fusion has 1 funding round on record, from Oct 2024 to Oct 2024, $900M in total. None disclosed a valuation.
Series A 25 Oct 2024
Led by General Catalyst; with Breakthrough Energy, Lightspeed, Lowercarbon Capital, Leitmotif, Trousdale Ventures, Citadel, Stripes, M12, Kleiner Perkins, Innovation Endeavors.
Sources: energycentral.com, neutronbytes.com, energy.media and 3 more
$900M
Pacific Fusion investors
11 investors have backed Pacific Fusion; General Catalyst led at least one round.
What Pacific Fusion does
Pacific Fusion works in renewable energy companies, with 13 recorded offerings and customers in renewable energy.
Pacific Fusion is an American company engaged in the development and manufacturing of fusion power-based energy systems. The company focuses on pulsed magnetic inertial fusion technology, utilizing modular and scalable designs to produce fusion energy with a net facility gain. Pacific Fusion also engages in the development of key components for fusion systems and operates a research and manufacturing campus in Albuquerque, New Mexico, supporting STEM education and workforce development.
Description from Veridion's company data.
Products and services
- Fusion Energy System Manufacturing
- Pulsed Magnetic Inertial Fusion Technology Development
- Modular Fusion Component Engineering
- Fusion System Scalability Solutions
- Clean Energy Solutions Development
- Renewable Energy Technology Advancement
- STEM Education Services
- Workforce Development Services
- Fusion Technology Research and Development
- Fusion System Demonstration and Testing
- Modular Fusion Module Manufacturing
- Fusion Power System Engineering
- Sustainable Energy Solutions Development
Markets
- Renewable Energy
Technology
- Pulsed Magnetic Inertial Fusion
Business model
- Business-to-Business
- Manufacturing
Industry codes (NAICS)
- 333248 All Other Industrial Machinery Manufacturing 70% match
- 541715 Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) 30% match
Questions about Pacific Fusion
What is Pacific Fusion worth?
Valuation $12.7B (range $5.5B to $19.3B), as of 24 Oct 2026.
Has Pacific Fusion raised money?
Pacific Fusion has 1 funding round on record, from Oct 2024 to Oct 2024, $900M in total. None disclosed a valuation.
Who has invested in Pacific Fusion?
General Catalyst, Breakthrough Energy, Citadel, Innovation Endeavors, Kleiner Perkins and Leitmotif, and 5 more. Lead investors include General Catalyst.
How many people work at Pacific Fusion?
About 225, up 79% over the last year. Headcount grew from 16 in Mar 2024 to 225 in Sep 2026.
What does Pacific Fusion do?
Pacific Fusion works in renewable energy companies, with 13 recorded offerings and customers in renewable energy. Its main offerings are fusion energy system manufacturing, pulsed magnetic inertial fusion technology development and modular fusion component engineering.
When was Pacific Fusion founded, and where is it based?
Pacific Fusion was founded in 2023 and is based in Fremont, United States. It has about 225 employees, up 79% over the last year.