Nuclear fusion tech developer General Fusion now has Shopify and Amazon founders backing it
In a brief announcement today, the Canadian nuclear fusion technology developer General Fusion announced that the investment firm created by Shopify founder Tobias Lütke has joined the company’s cap table.
The size of the investment made by Lütke’s Thistledown Capital was not disclosed, but with the addition, General Fusion has the founders of the two biggest e-commerce companies in the Western world on its cap table.
Jeff Bezos, the founder and chief executive of Amazon, first invested in the company nearly a decade ago and General Fusion has been steadily raising cash since that time. In 2019, the company hauled in $100 million. That capital commitment is part of a haul totaling at least, $192 million, according to Crunchbase although the real figure is likely higher.
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Understanding PAG- and PAO-Based Lubricants
Polyalkylene glycol (PAG) and polyalphaolefin (PAO) are two synthetic lubricant options for industrial applications. Understanding the advantages and disadvantages of each can help end-users decide which option is best for a given application.
Why Synthetic Lubricants?
According to analysis conducted by Kline & Co., more than 78% of all lubricant requirements in the world annually are met with the use of mineral oil-based fluids. The use of mineral oil-based lubricants in the world, however, is decreasing. The use of synthetic or “man-made” lubricants in various industrial and automotive applications are becoming commonplace and continues to expand into applications where only mineral oil-based fluids had been used. Reasons to change