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Commonwealth Fusion Systems

Commonwealth Fusion Systems

Private
Devens, MassachusettsEnergy & Sustainabilityhttps://cfs.energy/

Last Round

VC Round

Jul 30, 2026

Est. Valuation

$5B

Total Funding Raised

$2.91B

Momentum

Top 5%

of companies Caplight tracks

Company Overview

Commonwealth Fusion Systems is an energy technology company that designs and constructs fusion machines to deliver clean, limitless fusion energy.

Sector

Energy & Sustainability

Verticals

Renewable Energy, Advanced Materials, Clean Manufacturing

Business Model

B2B

Customer Profile

Revenue Share, Services & Consulting, Hardware Sales

AI Layer

Application

Keywords

fusion energyfusion powerhigh-temperature superconducting magnetsHTS magnetstokamakclean energybaseload powerdigital twinnet energy gainpower purchase agreementPPAfusion startupdeep techclimate techcommercial fusion

Historical Pricing

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Caplight Momentum Score

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Commonwealth Fusion Systems Comparables

Compare Commonwealth Fusion Systems with similar companies based on industry and business-model similarity.

Commonwealth Fusion Systems comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
TAE Technologies
85%
Helion
83%
Tokamak Energy
81%

Commonwealth Fusion Systems Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
VC RoundJul 30, 2026
Series B ExtensionAug 28, 2025
Series BDec 1, 2021
Series A ExtensionMay 26, 2020
Series AJun 27, 2019
Seed
Mar 9, 2018

Key People

Founding team and executive leadership

Robert Mumgaard

CEO

Executive Team

Lorence Kim

Chief Financial Officer

Executive Team

Commonwealth Fusion Systems Investors

Notable investors and investment history

Commonwealth Fusion Systems investors
InvestorRounds
One Madison GroupSeries B
MITSeries A Extension, Seed, Series A
Development Bank of JapanSeries B, Series B Extension
Fine Structure VenturesSeries A Extension, Series B
Fujikura Ltd.Series B, Series B Extension
TemasekSeries B, Series A Extension
Future VenturesSeries A Extension, Series B, Series A, Series B Extension

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jul 30, 2026

    $1.0B round raised

  • Jul 27, 2026

    Monthly visitors increased 41% MoM.

Recent news

Latest coverage and updates

  • is_developingOct 8, 2026

    On Oct 8th '26 in Massachusetts, Commonwealth Fusion Systems LLC plans to develop the AI-enabled digital twin platform with 10 National Laboratories, universities, and industry partners to optimize SPARC’s performance and accelerate commercial fusion energy.

  • expands_facilitiesOct 5, 2026

    Commonwealth Fusion Systems LLC expands its facilities with a magnet factory in Massachusetts

  • expands_facilitiesSep 30, 2026

    Commonwealth Fusion Systems LLC develops its first grid-scale ARC power plant facility in Virginia on Sep 30th '26

  • attends_eventSep 28, 2026

    Commonwealth Fusion Systems LLC attended event TechCrunch Disrupt 2026 on Sep 28th '26.

  • partners_withSep 10, 2026

    Commonwealth Fusion Systems LLC partnered with Hyundai Group on Sep 10th '26.

Commonwealth Fusion Systems Filings

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Commonwealth Fusion Systems filings preview — column headings only; records require access
TypeDateAmount OfferedAmount SoldFilingPagesDownload

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Appears On

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Frequently Asked Questions

Common questions about Commonwealth Fusion Systems's valuation, stock price, and market status.

Is Commonwealth Fusion Systems a public or private company?

Commonwealth Fusion Systems is a private company.

What is the current stock price of Commonwealth Fusion Systems?

Commonwealth Fusion Systems is a private company, so its shares have no public market price. Caplight tracks Commonwealth Fusion Systems's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.

How much is Commonwealth Fusion Systems worth (valuation)?

Commonwealth Fusion Systems's valuation is estimated at $5.0B based on funding round data.

Can I buy Commonwealth Fusion Systems stock?

Commonwealth Fusion Systems shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.

When was Commonwealth Fusion Systems's last funding round?

Commonwealth Fusion Systems's most recent funding round was VC Round on July 30, 2026.

Who are the main investors in Commonwealth Fusion Systems?

Key investors in Commonwealth Fusion Systems include Temasek, Eni, Breakthrough Energy Ventures, Tiger Global Management.

Will Commonwealth Fusion Systems IPO soon?

No public IPO plans have been announced for Commonwealth Fusion Systems.

How can I track Commonwealth Fusion Systems secondary market activity?

Caplight tracks bids, offers, and trades in Commonwealth Fusion Systems's shares on secondary markets.

Firmographic Details

HeadquartersDevens, Massachusetts
Employee Range949
Year Founded2018
Last FundingJul 30, 2026

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