# Commonwealth Fusion Systems: Oil & energy, Devens, United States > Commonwealth Fusion Systems: Commonwealth Fusion Systems (CFS) is an American fusion power company based in Devens, Massachusetts. Source: https://millionrounds.com/startup/commonwealth-fusion-systems-2 (Millionrounds; every figure on the page links to its filing or article) United States · [Oil & energy startup](https://millionrounds.com/companies) # Commonwealth Fusion Systems Commonwealth Fusion Systems (CFS) is an American fusion power company based in Devens, Massachusetts. Email Funding reported Last round: Grant Oil & energy Devens, United States Follow Commonwealth Fusion Systems and see its new rounds in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Fstartup%2Fcommonwealth-fusion-systems-2) Company summary - **Founded:** 2018 8 years old - **Team:** 1,200 1,000+ people - **Funding reported:** $2.0B in dollars - **Last round:** Grant Jun 2024 How sure we are - ✓ **Listed** We know it exists and what it does - 2 **Funding reported** A company dataset reports a raise - 3 **Observed** A filing or a dated announcement confirms a round No round for Commonwealth Fusion Systems has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology) ## About Commonwealth Fusion Systems Commonwealth Fusion Systems (CFS) is an American fusion power company based in Devens, Massachusetts. Founded in 2018 as a spin-off from the Massachusetts Institute of Technology (MIT), CFS aims to build small, commercial fusion power plants to provide clean energy and address climate change. The company has raised over $2 billion in funding, making it the highest-funded private fusion company globally. CFS is developing two key projects: SPARC, a compact high-field tokamak designed to demonstrate net energy gain by 2027, and ARC, a 400 MW commercial pilot plant expected to power around 150,000 homes by the early 2030s. Both projects utilize high-temperature superconducting magnets developed in collaboration with MIT. CFS collaborates with various partners, including Dominion Energy for the ARC project, and engages with policymakers and suppliers to advance the fusion energy ecosystem. The company envisions a future where fusion energy plays a central role in the global energy transition. ## What company datasets say Commonwealth Fusion Systems raised Funding, as reported Reported in all **$2.0B** in dollars Rounds **6** Last round **Grant** Last round size **$1.0B** Last round date **Jun 2024** Investors listed **40** ## On 12 portfolio pages Investors who name them - [Standish Spring Investments](https://millionrounds.com/fund/standish-spring-investments) - [Planet First Partners](https://millionrounds.com/fund/planet-first-partners) - [Collaborative Fund](https://millionrounds.com/fund/collaborative-fund) - [Fine Structure Ventures](https://millionrounds.com/fund/fine-structure-ventures) - [Safar Partners](https://millionrounds.com/fund/safar-partners) - [Third Prime](https://millionrounds.com/fund/third-prime) - [Global Brain Corporation](https://millionrounds.com/fund/global-brain-corporation) - [Brainstorm Ventures](https://millionrounds.com/fund/brainstorm-ventures) - [EcotoneGrowth Ventures](https://millionrounds.com/fund/ecotonegrowth-ventures) - [Thoobik Holdings, LLC](https://millionrounds.com/fund/thoobik-holdings-llc) - [Beni VC](https://millionrounds.com/fund/beni-venture-capital) - [Brightwing Capital](https://millionrounds.com/fund/brightwing-capital) Each firm lists Commonwealth Fusion Systems on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source. ## The company, in detail What they build Known for fusion technology global energy supply superconducting technology plasma physics rare materials fusion research scientific integrity fusion ecosystem sparc manufacturing superconducting magnets fusion startup ecosystem education and stem initiatives plasma physics research mass-produced power plants net energy generation Built with from their website DocuSign Git Magnetic Amazon SES Google Tag Manager Bench Docebo Amazon CloudFront Canva TSYS +8 more Less Variable Frequency Drive Tableau ANS Graphy Envoy WordPress.org Air - **Sector:** Oil & energy - **Industry code:** NAICS 54171, 221118, SIC 3829, 4911 - **Region:** Massachusetts - **Revenue:** $148M a year, as listed - **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/commonwealth-fusion) ## Oil & energy in United States Startups like it - [**Valar Atomics** El Segundo · founded 2023 *Raised*](https://millionrounds.com/company/valar-atomics) - [**Blue Energy** Plainfield *Raised*](https://millionrounds.com/company/blue-energy) - [**Quaise Energy** Houston · founded 2018 *Raised*](https://millionrounds.com/company/quaise-energy) - [**Last Energy** Austin · founded 2019 *Raised*](https://millionrounds.com/company/last-energy) - [**Aalo Atomics** Dickinson · founded 2023 *Raised*](https://millionrounds.com/company/aalo-atomics) - [**Crescent Pass Energy** Houston · founded 2018 *Raised*](https://millionrounds.com/company/crescent-pass-energy) - [**Critical Loop** Long Beach · founded 2023 *Raised*](https://millionrounds.com/company/critical-loop) - [**NuCube Energy** Pasadena · founded 2023 *Raised*](https://millionrounds.com/company/nucube-energy) ## Is this your company? 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