MIFTI
Funding Information
Date | Amount | Type | Funders | Description |
---|---|---|---|---|
May 09, 2017 | $1,600,000 | Investment Round | Seed | |
October 01, 2015 | $4,598,239 | Cooperative Agreement | ALPHA | |
Total: | $6,198,239 |
Description
Magneto-Inertial Fusion Technologies, Inc (MIFTI) was founded in 2008 by researchers at the University of California Irvine. MIFTI is headquartered in Tustin, California and their founders are Gerald Simmons, Dr. Hafiz Ur Rahman, and Arshad Mohammad.
MIFTI’s approach is a Staged Z-pinch and is based on research developed at UC Irvine.
MIFTI has received funding from the U.S Department of Energy’s ARPA-E program and venture capital.
MIFTI’s strategy is to pursue three related objectives, “clean, safe, environmentally friendly energy; life-saving diagnostic/treatment products for nuclear medicine; and transmutation of nuclear waste products associated with fission power reactors.”
Projects
Patents
Key Individuals
Gerald Simmons, CEO
Dr. Hafiz Ur Rahman, President and Chief Scientist
Arshad Mohammad, COO/CFO
Formation Date
2008
Location
Tustin California USA