Companies · Climate / Cleantech

Maritime FusionWinter 2025Active

San Francisco · CA, USA · Climate / Cleantech · founded 2025 · https://maritimefusion.com

Diligence memoA one-page analyst read on Maritime Fusion — recommendation, valuation, rhythm, risks.
Total raised · real
0
Rounds
Latest step-up
Top 60%
Sector rank · raised
Latest stage · inferred

Maritime Fusion: limited disclosed financing to assess.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Where it sits in Climate / Cleantech

Maritime Fusion is one of 207 Climate / Cleantech companies tracked from San Francisco, CA, USA, on record since 2025. By capital raised it ranks mid-pack (ahead of 41% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Fusion reactors for ships

Maritime Fusion is building fusion reactors for ships and off grid energy markets. En route on this endeavor we’re commercializing High Temperature Superconducting (HTS) cable technology for power distribution while advancing the physics basis of our HTS tokamak to decarbonize global shipping. Breakeven fusion is coming soon, but the first-of-a-kind (FOAK) reactors will be costly, high maintenance, and have low capacity factors, leading to 5–10x higher electricity cost on the grid. Maritime Fusion is pursuing the most widely accepted approach to fusion, the tokamak, but specifically designed for the marine environment where the challenges that arise between breakeven and a commercially viable energy source are alleviated. The market we're targeting requires 15x less power, lower up-time, and costs the same as alternative fuels but without any emissions. Since fusion does not use highly radioactive fuels or materials – unlike fission – we sidestep the vast majority of regulatory challenges and safety risks associated with nuclear energy. Our team brings over a decade of industry and research experience in plasma physics, nuclear engineering, and electrical engineering with backgrounds at SpaceX, Tesla, Columbia University, and University of Pennsylvania.

EnergyFusion EnergyHard Techclimate/cleantechenergy
Find Maritime Fusion online

As reported in public records reported — not modeled.

US
Jurisdiction
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

No round amounts on record to chart.

Financing ladder & sequence gaps

No staged rounds to sequence.

Modeled valuation trajectory
Base estimate est.
Conservative case
Upside case
Modeled post-money

Round size and date are reported; the stage label is inferred from round size. Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Financing rhythm
Avg between rounds
Capital velocity
On record since
First round
0
Rounds on file
How it compares to the market

Benchmarked against 207 companies in Climate / Cleantech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages)
This company
Sector median$8.1M
Modeled value — vs sector median (estimate, all stages)
This company
Sector median$59.8M

Raised more than 41% of sector peers (real $). Modeled value above 41% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
No rounds recorded.
Intelligence
Modeled next raise
Modeled next size est.
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Registry & provenance

Maritime Fusion is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
AdvanoClimate / Cleantechsame sector
Airthium Inc.Climate / CleantechPre-Seed$800K$6.6Msame sector
AIT Group Holdings, LPClimate / CleantechGrowth/Late$699.5M$15.7Bsame sector
AlltruistsClimate / Cleantechsame sector
Ambiq Micro, Inc.Climate / CleantechSeries D+$405.5M$3.0Msame sector
AmpUpClimate / Cleantechsame sector
AngazaClimate / CleantechSeed$4.0M$108.5Msame sector
Array LabsClimate / Cleantechsame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Fusion Fuel Green PLCOther EnergySeries A$6.8M75%
General Fusion Inc.Other EnergySeries B$1.4M75%
Zephyr Fusion
Powering tomorrow's industrial revolution in space
Climate / Cleantech74%
Sail Fusion, LlcOther TechnologySeries A$35.1M74%
X Energy Reactor Company, LLCOther EnergySeed$20.7M74%
Voltic
Electric cargo ships
Climate / Cleantech73%
SEACOR Marine Holdings Inc.Other EnergySeries A$39.5M73%
Seabound
Carbon capture equipment for ships
Climate / Cleantech73%
Frequently asked
What does Maritime Fusion do and where is it based?
Maritime Fusion operates in the Climate / Cleantech sector, based in San Francisco, CA, USA. Fusion reactors for ships
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