Clean energy firm Helion raises $500 mln in Sam Altman-led funding

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Veteran investor and Silicon Valley executive Sam Altman led a $500 million funding round in clean energy firm Helion, a company that he also serves as an executive chairman.

The funding round, announced on Friday, also drew investment from existing investor Dustin Moskovitz, currently the chief executive at workplace software maker AsanaVenture capital firm Mithril Capital, co-founded by Ajay Royan and Peter Thiel, and Capricorn Investment Group also participated in the latest round.Everett, Washington-based Helion was founded in 2013 by David Kirtley, Chris Pihl and George Votroubek. It is focused on generating zero-carbon electricity from nuclear fusion.

Kirtley, who heads the company now, has also worked at NASA and the U.S. Air Force Research Laboratory in the past. Altman was previously the president of Silicon Valley startup accelerator Y Combinator, which over the years has influenced the creation of dozens of leading companies, including Airbnb Inc

 

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