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Tokamak Energy's Fusion Funds, Avon Tech's Record Surge & pAiback's Travel Revolution
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These are the top stories making the headlines across The Business Magazine website today:
Tokamak Energy raises $125m to commercialise fusion and magnet tech
Milton Park, Oxfordshire-based Tokamak Energy has secured $125 million from a funding round co-led by East X Ventures and Lingotto Investment Management, with investments from new participants like Furukawa Electric Company, to advance its fusion energy commercialization and high temperature superconducting technology solution, TE Magnetics.
Full story here: https://thebusinessmagazine.co.uk/technology-innovation/tokamak-energy-raises-125m-to-commercialise-fusion-and-magnet-tech/
Profits surge at Avon Technologies
Avon Technologies saw a record-breaking year-end with a $225.2 million order book, marking a 64.3% increase driven largely by the success of Team Wendy's Next Generation Integrated Head Protection System and its second generation.
Full story here: https://thebusinessmagazine.co.uk/corporate-finance/profits-surge-at-avon-technologies/
Southampton innovator wins major prizes
A Southampton-based company has won prestigious awards and crucial seed money in a national competition for pAiback, an AI-powered travel assistant designed to save travelers substantial amounts by ensuring they never overpay for flights, even post-booking.
Full story here: https://thebusinessmagazine.co.uk/technology-innovation/southampton-innovator-wins-major-prizes/
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