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Focused Energy Inc. Raises $11 Million in Series A Funding Round

Focused Energy Inc. Raises $11 Million in Series A Funding Round

June 24, 2023

Darmstadt, Hesse, Germany — Focused Energy Inc., a pioneering company specializing in secure energy harvesting and non-destructive testing based on direct laser-driven fusion energy, is pleased to announce the successful completion of its Series A funding round, raising a total of $11 million. The round was led by Prime Movers Lab, a prominent venture capital firm focused on breakthrough scientific and technological advancements.

Focused Energy Inc. has established itself as a leader in the research services industry, aiming to revolutionize the way we harness energy and provide affordable clean power for humanity in the next two decades. With the completion of the Series A funding, Focused Energy Inc. is poised to accelerate its innovative work and drive significant progress towards its visionary goal.

"We are thrilled to have Prime Movers Lab as our lead investor in this pivotal funding round," said Thomas Forner, the Founder of Focused Energy Inc. "Their expertise and support will be invaluable as we continue to push the boundaries of energy harvesting and non-destructive testing technology. With their backing, we are confident in our ability to drive the development and adoption of clean and affordable energy solutions, revolutionizing the way we power our world."

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