Daedal Systems, which develops fusion plasma measurement systems, has raised US$4.035 m to industrialise its platform and deploy its first diagnostic systems with pilot customers.
The financing will be used to build the first three diagnostic systems and deploy prototypes under contract. The company has a research partnership with the University of Wisconsin-Madison and currently works with technical advisors from MIT’s Plasma Science and Fusion Center.
Fusion developers need detailed plasma measurements to understand how their reactor designs perform. Companies typically build diagnostic systems in-house, even though measurement is not core reactor intellectual property. This duplicates work across the industry and diverts time, capital, and talent from the technologies that differentiate their reactors.
Henry Gould, founder and CEO of Daedal Systems, said in a statement: “After building and deploying plasma measurement systems at General Fusion, I saw the same challenge across the sector: every company needs high-quality diagnostics, but too much time and capital go into recreating similar systems in-house. Daedal was created to solve that problem by giving fusion companies access to standardised, high-quality plasma measurement systems.”
Delivered as a service, Daedal’s platform can adapt to different fusion machines and reactor approaches. By producing higher-quality data faster and independently validating technical milestones, Daedal aims to allow fusion companies to focus on reactor development.
OMERS Ventures led the financing round, with participation from Garage Capital, Panache Ventures, Ripple Ventures, the MaRS Investment Accelerator Fund, and a group of angel investors.
