When was MIFTI founded?

MIFTI was founded in 2008 and raised its 1st funding round 8 years after it was founded.

Where is MIFTI located?

MIFTI is headquartered in Tustin, United States. It is registered at Tustin, California.

Who is the current CEO of MIFTI?

Gerald Simmons and Gerald Simmons s of MIFTI.

How many employees does MIFTI have?

As of Dec 31, 2022, the latest employee count at MIFTI is 5.

Is MIFTI a funded company?

MIFTI is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Jun 13, 2016.

When was the latest funding round of MIFTI?

MIFTI's latest funding was a $***** Series C round on Apr 23, 2019, with participation from 1 investor. Its primary sector is Nuclear Energy. In United States, the Nuclear Energy sector has seen $1.29B in funding in 2026 to date.

Where does MIFTI rank among its competitors?

MIFTI ranks 25th amongst 41 active competitors, of which 26 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was LIS Technologies, which secured $7.13M in Mar, 2026.

Who are the top competitors of MIFTI?

MIFTI's top competitors include CFS, Proxima Fusion and General Fusion. Among them, LIS Technologies secured the most recent funding round in March, 2026.

MIFTI - 2026 Company Profile, Team, Funding & Competitors

MIFTI is a series C company based in Tustin (United States), founded in 2008. It operates as a Developer of pulse-power driven nuclear fusion reactor. MIFTI has raised an undisclosed amount in funding from USNuclearCorp. The company has 41 active competitors, including 26 that are funded. Its top competitors include companies like CFS, Proxima Fusion and General Fusion.

Company Details

Magneto-Inertial Fusion Technologies(MIFTI) is developing a pulse-power driven nuclear fusion reactor. The technology is called staged Z-Pinch in which azimuthal-magnetic field of a cylindrical-plasma discharge is used to compress the plasma to fusion conditions. The heat energy is used to generate electricity. Uses deuterium and hydrogen as fuel and claims to produce zero nuclear waste.

Website: miftec.com
Email ID: *****@miftec.com
Phone Number: +1 **********
Registered Address: Tustin, California

Key Metrics

Founded Year

2008

Location

Tustin, United States

Stage

Series C

Latest Funding Round

Series C, Apr 23, 2019, $*****

Investors

USNuclearCorp & 1 more

Ranked

25^th among 41 active competitors

Employee Count

5 as on Dec 31, 2022

Similar Companies

First Light Fusion & 4 more

View MIFTI's full profile

MIFTI is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MAGNETO INERTIAL FUSION TECHNOLOGIES, INC CIN: 264091338 , United States, Active	Dec 31, 1999	-	5 (As on Dec 31, 2024)	-

MIFTI has raised funding over 2 rounds. Its first funding round was on Jun 13, 2016. Its latest funding round was a Series C round on Apr 23, 2019 for $*****. 1 investor participated in its latest round. MIFTI has 2 institutional investors.

Here is the list of recent funding rounds of MIFTI:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 23, 2019	5486577	Series C	5046057	5459811	4093741	3017364
Jun 13, 2016	3819794	Grant (prize money)	1853783	2548764	4162535	OSTI

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MIFTI's employee count trend

MIFTI has 5 employees as of Dec 22. The total employee count is the same as what it was in Dec 21. Here is MIFTI's employee count trend over the years:

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Top competitors of MIFTI include CFS, Proxima Fusion and General Fusion. Here is the list of Top 10 competitors of MIFTI, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	CFS 2018, Cambridge (United States), Series B	Provider of tokamak nuclear fusion reactors	$2.93B	Temasek, Lowercase Capital & 68 others	66/100
2nd	Proxima Fusion 2023, Munich (Germany), Series A	Developer of fusion power plants	$211M	Balderton Capital, Redalpine & 32 others	66/100
3rd	General Fusion 2002, Burnaby (Canada), Series F	Magnetized nuclear fusion reactor developer	$515M	Chrysalix Venture Capital, Temasek & 44 others	65/100
4th	TAE Technologies 1998, Lake Forest (United States), Series G	Developer of FRC nuclear fusion reactors	$1.32B	New Enterprise Associates, Google & 20 others	65/100
5th	Xcimer 2021, Redwood City (United States), Series A	Developer of laser technology for commercial inertial fusion energy systems	$100M	Hedosophia, Wireframe Ventures & 8 others	63/100
6th	LIS Technologies 2023, New York City (United States), Series A	Provider of laser isotope separation technologies optimized for uranium (HALEU) power generation	$71.6M	28 Ventures, Innovating Capital & 2 others	62/100
7th	SHINE Technologies 2005, Janesville (United States), Series D	Producer of nuclear isotopes using fusion techniques	$654M	Fidelity Investments, Deerfield & 14 others	60/100
8th	Helion 2010, Everett (United States), Series F	Provider of deuterium fuel-based magnetic-nuclear fusion reactor	$977M	Mithril, Y Combinator & 15 others	59/100
9th	Zap Energy 2017, Everett (United States), Series D	Developer of nuclear energy projects	$330M	Chevron Technology Ventures, Soros Fund Management ... & 15 others	59/100
10th	Kyoto Fusioneering 2019, Uji (Japan), Series C	Provider of nuclear fusion reactor technology based on low-energy nuclear reaction technology	$120M	JIC Venture Growth Investments, Coral Capital ... & 34 others	59/100
25th	MIFTI 2008, Tustin (United States), Series C	Developer of pulse-power driven nuclear fusion reactor	-	OSTI, USNuclearCorp	27/100