Overview
- RA Capital Management led the round, with participation from Congruent Ventures, Founders Fund, Lowercarbon Capital, Toyota Ventures, 8090 Industries and Overlay Capital.
- Most of the capital is directed to FusionWERX in Richland, a public–private facility supported by $10 million in Washington state matching funds.
- FusionWERX is planned to secure a broad radioactive materials license with tritium-handling capability by 2027 to enable deuterium–tritium testing.
- Avalanche reports recent lab milestones including stable, clean plasma and operation at 300,000 volts in a compact magneto‑electrostatic device.
- The company plans to scale from a 9‑centimeter reactor to a 25‑centimeter unit targeting about 1 megawatt as a step toward potential Q>1, focusing on portable applications in space and defense.