Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced it has provided a growth capital facility of $9.5 million to fusion energy startup Realta Fusion (Realta).

Realta Fusion spun out of a large fusion experiment at the University of Wisconsin-Madison funded by the U.S. Department of Energy's Advanced Research Projects Agency - Energy. The experiment was the first to use high temperature superconducting magnets in a magnetic mirror configuration and confined its first plasma at a world-record breaking magnetic field strength of 17 Tesla. Realta Fusion recently announced a $36 million Series A funding round led by new investor Future Ventures, with further support from existing investor Khosla Ventures, who led Realta Fusion's seed round in 2023.