Daedal Systems has raised $4.035 million to industrialize its plasma measurement platform and deploy its first standardized diagnostic systems with fusion industry customers. OMERS Ventures led the financing, with participation from Garage Capital, Panache Ventures, Ripple Ventures, MaRS Investment Accelerator Fund and a group of angel investors.
Toronto-based Daedal is developing measurement systems intended to give fusion companies standardized tools for gathering detailed data on plasma performance.
Fusion developers currently often build their own diagnostic systems internally, requiring companies to dedicate capital, engineering talent and development time to measurement infrastructure rather than the reactor technology differentiating their businesses.
Daedal plans to use the funding to build its first three diagnostic systems and deploy prototypes under contracts with pilot customers.
The company also has a research partnership with the University of Wisconsin-Madison.
Daedal’s platform is being designed as a service that can adapt to different fusion machines and reactor approaches.
The company believes third-party measurement systems could also provide independent validation of technical milestones for investors and commercial partners.
Daedal initially plans to focus on fusion before potentially expanding into additional industries requiring advanced instrumentation and measurement technology.
KEY QUOTES:
“After building and deploying plasma measurement systems at General Fusion, I saw the same challenge across the sector: every company needs high-quality diagnostics, but too much time and capital go into recreating similar systems in-house. Daedal was created to solve that problem by giving fusion companies access to standardized, high-quality plasma measurement systems that can improve the quality of their data and help them move faster toward commercialization.”
Henry Gould, Founder and CEO of Daedal Systems
“Advanced plasma diagnostics were among the key enabling technologies that led to ignition and target gain at the NIF. As fusion technology advances in the private sector, measurement solutions designed specifically for private-sector needs will be essential.”
Dr. Johan Frenje, Technical Advisor to Daedal Systems
“While fusion remains nascent, realizing its significant long-term potential will require a broader ecosystem of specialized companies and world-class expertise. By building the measurement infrastructure the industry needs, Daedal can strengthen that ecosystem and attract the expertise required to advance this important technology.”
Brian Kobus, Managing Partner at OMERS Ventures
