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Seattle’s ‘Third Act’: VCs Say Local Superstars Are Deep-Tech Startups Building Rockets, Geothermal Plants and Autonomous Vehicles
Two Seattle venture capitalists argue that the city’s next wave of superstar startups are already here but focus on deep tech—intelligent machines and physical products like rockets, geothermal plants and autonomous off-road vehicles—rather than pure software. They frame this shift as Seattle’s "Third Act," building on maritime/aerospace roots (Act I) and the software/cloud boom (Act II) to combine hardware and software using local infrastructure and talent.
General Fusion’s GFUZ Debuts on Nasdaq as Fusion Private Funding Hits $4.5B in 12 Months
General Fusion became the first fusion energy company to list on a major exchange when GFUZ debuted on Nasdaq, sending its stock higher. The Fusion Industry Association report said private funding for fusion companies reached $4.5 billion in the past 12 months and $13.3 billion over five years, driven partly by demand from AI data centers and large rounds like Helion Energy’s $465 million raise.
Zap Energy's FuZE-3 Reactor Generates Pressure 10 Times Mariana Trench Level, Paving Way for Fusion Power
Zap Energy’s FuZE-3 fusion reactor achieved pressures 10 times higher than those at the Mariana Trench, marking a major milestone in fusion power development. The company plans to commission a fifth device, FuZE-A, next month to further advance and optimize fusion technology.
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Uri Shumlak Researcher
