# TAE Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tae-technologies

- Industry: Power & Utilities
- Headquarters: Foothill Ranch, US
- Website: www.tae.com
- Total disclosed funding: $596M
- Latest round: Series G (Jul 19, 2022)
- Investors on record: 10

## About

Founded in 1998 and based in Foothill Ranch, CA, TAE Technologies, Inc. specializes in fusion energy technology and is dedicated to advancing commercial fusion power. The company aims to deliver clean, efficient and sustainable energy solutions to a wide range of sectors including healthcare and energy production The company has received a total of USD 1.31 billion across 13 rounds of funding. In December 2025, Trump Media & Technology Group Corp. agreed to fully acquire TAE Technologies, Inc. from Cercano Management, Venrock, Enel Produzione SpA, Goldman Sachs Asset Management, New Enterprise Associates, Kuwait Investment Authority, Big Sky Partners, Vulcan, Google Inc., Chevron Technology Ventures, Reimagined Ventures, Sumitomo Corporation of Americas, and TIFF for USD 6 billion. The firm is led by founder Michl Binderbauer. TAE Technologies focuses on advancing commercial fusion power through its flagship product, the Norm machine, which is crucial for plasma optimization necessary for nuclear fusion. Additionally, the company is developing power management solutions for e-mobility and battery energy storage, along with Boron Neutron Capture Therapy (BNCT) for cancer treatment. Their operations extend across North America and Europe, serving energy providers, healthcare facilities, and research institutions. The revenue structure is supported by partnerships with major stakeholders like Chevron, Google, and New Enterprise Associates, with transactions typically occurring in a B2B format. Clients engage directly with TAE for tailored solutions in fusion power and medical technology. The company is focused on launching new products in fusion technology and expanding its market reach, particularly in North America and Europe, to enhance clean energy solutions. The December 2025 acquisition enables Trump Media & Technology Group Corp. to enter the regulated clean energy sector and allow TAE Technologies, Inc. to go public.

## Funding rounds

- Series G, Jul 19, 2022, $250M — TIFF, Sumitomo Corporation of Americas, Chevron Technology Ventures, Google Inc., Qstar Capital
- Series G, Apr 8, 2021, $260M — New Enterprise Associates, Google Inc.
- Series C, Apr 5, 2007, $40M — Venrock, Vulcan, Goldman Sachs Asset Management, Enel Produzione SpA
- Series C, Nov 11, 2005, $39M — Venrock, Vulcan
- Series B, Sep 3, 2003, $6.7M — Vulcan

## Investors

- Vulcan (https://capitalatlas.ai/funds/vulcan) — Series B, Series C
- Venrock (https://capitalatlas.ai/funds/venrock) — Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C
- Enel Produzione SpA — Series C
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series G
- Google Inc. — Series G
- TIFF (https://capitalatlas.ai/funds/tiff) — Series G
- Sumitomo Corporation of Americas — Series G
- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series G
- Qstar Capital (https://capitalatlas.ai/funds/qstar-capital) — Series G