DraperU Ventures reposted this
🔉Investment announcement ! 🎉 👉 But first for some context..... I'd still say The Fusion Energy Landscape event at the 2024 SF Deep Tech Week by Hyperstition Incorporated was one of THE best events ever. For an " outsider " who was planning to attend for 30mins & event hop, I ended up staying for 4+ hours (& just like Neo from Matrix, I took the red pill !!!). Everything from Introduction to Deep dives to meeting the exceptional scientists & government + private enablers who are striving everyday to make the myth a reaIity, I attended the day-long discussion about fusion energy, featuring many Fusion Industry Association member companies discussing their pathways and technologies. Thank you Andrew Côté, Andrew Holland & Gigascale Capital. 🙌 That being said, we are excited to share that DraperU Ventures (DUV) has invested in AeroFuse💎 Ryan Weed & Rama Myers are on a mission to unlock the power of fusion to address some of humanity’s greatest challenges. Fusion fuels have 10million times the energy density of fossil fuels, and although only 50+ companies are building fusion systems, no one has figured out a way to efficiently extract the thermal energy. AeroFuse is building the fusion heat exchanger technology that will withstand 100million degree fusion plasmas, and harvest the thermal energy & high energy ions for lightweight fusion propulsion to radically decarbonize aviation, without increasing fuel costs. Whilst fusion devices are yet to reach energy break-even, AeroFuse has developed a multi-phase product roadmap to commercialize existing state of the art fusion technology in the next 5 years, starting with enabling increased medical isotope production. Meeting Rama & Ryan & betting on AeroFuse has been one of the highlights of 2024 🎉 - Welcome to the Draper Ecosystem 🦏 DraperU Ventures Draper Venture Network Draper Associates Asra Nadeem Andy Tang Suffiyan Malik Draper University