In a statement, Rick Hao, partner at Speedinvest added: “Astral Systems represents the best of UK deeptech. Astral is delivering a fresh approach to nuclear fusion that addresses urgent medical, industrial and power needs.”
So far Astral has established three commercial fusion facilities from which it’s already generating revenues.
Also participating in the round was participation of angel investors including Oliver Buck, founder of ITM Isotope Technologies, and former ARM President of Product Group, Pete Hutton.