Osaka-based laser fusion company EX-Fusion has raised 1.8 billion yen ($12.5 million) in seed funding. Investors include ANRI Nissay Capital, Delight Ventures, Mitsui Sumitomo Insurance Capital, Nikon-SBI Innovation Fund, Osaka Shoko Shinkin Bank, Mitsubishi UFJ Capital, SMBC Venture Capital, Shizuoka Capital, Kyushin Social Capital, and Germination Fund. The funds will be utilized to accelerate the commercial development of laser fusion technology and establish the company's own facility.
EX-Fusion aims to become a leader in commercializing laser fusion in Japan by leveraging high-output, high-repetition laser technology, continuous target supply devices, and optical control technology. The company's ultimate goal is to create the world's first commercial laser fusion power plant, contributing not only to the energy sector but also to technological advancements in various optical industries.