Prime Movers Lab Rundown: DOE Backs Two Portfolio Companies; Boom Reveals Partners at Paris Air Show
Numerous Prime Movers Lab portfolio companies announced exciting progress and funding awards this month. Two of the eight fusion energy companies that received milestone-based funding from the Department of Energy are portfolio companies (Focused Energy and Commonwealth Fusion Systems). Boom Supersonic also revealed tier-one structure suppliers for Overture’s wing, fuselage, and empennage at the Paris Air Show. In addition, Prime Movers Lab announced investments in invertebrate vaccine developer Dalan Animal Health and Focused Energy. Read all of the headlines below:
- Forbes: This Is The First Vaccine For Honey Bees To Stop American Foulbrood (Dalan Animal Health)
- Reuters: US announces $46 million in funds to eight nuclear fusion companies
- Yahoo Finance: Focused Energy Raises $82 Million in Funding to Advance Laser-Based Nuclear Fusion (Focused Energy)
- Fast Company: Boom Supersonic reveals new partners and engine details, bringing its Mach 1.7 passenger jet closer to reality
- CNBC: Commonwealth Fusion has raised $2 billion to make energy like the sun and stars — here’s a look inside (Commonwealth Fusion Systems)
- CNBC: Retired ISS commander Peggy Whitson talks recent Axiom mission, making space accessible (Axiom Space)
- Via Satellite: Quantum Space Names Kerry Wisnosky as President and CEO
- TCT Magazine: IVIVA Medical wins KidneyX prize for 3D printed organ therapeutics (IVIVA)
- Via Satellite: E-Space Completes CNES-Commissioned Feasibility Study of its LEO Constellation System (E-Space)
- Clinical Trials Arena: Vaxxinity celebrates trial success in early Parkinson’s therapy (Vaxxinity)
- Bloomberg: Archer Eyes Asia, Middle East for Global Air Taxi Expansion (Archer)
Prime Movers Lab invests in breakthrough scientific startups founded by Prime Movers, the inventors who transform billions of lives. We invest in seed-stage companies reinventing energy, transportation, infrastructure, manufacturing, human augmentation, and agriculture.
