Prime Movers Lab Rundown: Quantum Computing to Transform Electric Grid; Fusion Startups Win DOE Awards
As summer temperatures increased in July, breakthroughs at a number of Prime Movers Lab portfolio companies also heated up. Atom Computing and the National Renewable Energy Laboratory announced a collaboration to explore how quantum computing can help optimize electric grid operations. In addition, both of our fusion energy portfolio companies won INFUSE awards from the Department of Energy. Having two portfolio companies win both INFUSE and Milestone awards is an enormous endorsement in our due diligence from the DOE because only four companies won both awards.
Prime Movers Lab also announced our third early stage fund in July. Be sure to read the Bloomberg exclusive below by Lizette Chapman.
Check out some of the latest headlines from across our portfolio:
- Bloomberg: VC Firm Betting on Far-Out Tech Raises $245 Million For New Fund
- Forbes: Atom Computing Could Forever Change The Way We Manage The U.S. Electrical Grid
- Department of Energy: Department of Energy Announces $4.6 Million for Research on Public-Private Partnership Awards to Advance Fusion Energy
- Fierce Telecom: Watch Communications taps Tarana’s FWA to connect 1.4M homes
- Vogue Business: Weighing the future of fashion’s alternative materials, post-Mylo
- Reuters: Archer shares jump on air taxi deal with US Air Force
- Defense One: Defense startups team up to defeat drone swarms
- Space Daily: Momentus completes payload deployment from vigoride-6 mission
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.
