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Xeonova Completes Pre-A Round Financing Led by Ant Group Worth Hundreds of Millions of Yuan
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Field-reversed configuration company in Mainland China, Xeonova, announced that it has recently concluded a Pre-A round financing led by Ant Group, raising hundreds of millions of yuan.

The round also saw participation from Hidden Hill Capital, Zijin Mining, Soul Capital, Hua Capital, and Pagoda Innovation. Existing shareholders such as CMBC International also magnified their investments.

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The funds raised will primarily be used to enhance the performance of ongoing projects, deploy key technologies, and expand the team size to advance the development of field reverse position fusion energy technology.
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