Fusion startup Helion is racing to complete a power plant for Microsoft by 2028. A fresh infusion of cash should help with that.
The former Disney CEO hold a stake in Thrive, and has previously held the role of the venture partner at the firm.
The deal would effectively double the company’s $5.6 billion valuation in just four months.
The funding round would come less than a year after Anduril’s Series G, which closed in June with $2.5 billion against a $30 billion valuation.
Thrive Capital just raised $10 billion for its new fund– nearly double the size of its last fund.
Mesh aims to mass-produce optical transceivers for AI data centers.
If co-founder Lachy Groom has any doubts, he doesn’t show it. He’s working with people who’ve been working on this problem for decades and who believe the timing is finally right, which is all he needs to know.