Houyang Guo
郭后扬
Houyang Guo is a leading Chinese nuclear fusion scientist and the founder of NovaFusion (诺瓦聚变), a private-sector fusion startup that in 2026 became the sector's first decacorn with 1.2 billion yuan raised across angel and angel+ rounds . He is credited as the pioneer inventor of FRC-SMR (Field-Reversed Configuration–Small Modular Reactor) technology and holds dual deep expertise in both FRC and tokamak approaches . Guo is a Fellow of the American Physical Society and a Chinese National Distinguished Expert , credentials that underpin NovaFusion's positioning as China's most promising globally competitive fusion venture . The company is backed by Yunqi Capital and Gaorong Ventures, among others .
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Coverage
Gaorong Ventures Report: Physical AI, Domestic Computing Power, Controllable Nuclear Fusion, and Medical Innovation Companies Close Major Funding Rounds
From the continuous leap in model capabilities to hard tech crossing the thresholds of engineering and industrialization, a new wave of technological innovation is accelerating toward the real world.
Yunqi Capital-Backed NovaFusion Raises 1.2 Billion Yuan, Becoming Nuclear Fusion Sector's First Decacorn
Racing to join the first cohort of companies worldwide to achieve commercial fusion power generation
Yunqi Capital angel-round project "Nova Fusion" has raised a total of 1.2 billion yuan, setting a record for early-stage funding in private-sector fusion energy
Targeting the Global First Tier for Commercialized Fusion Energy
Nova Fusion Closes Massive 700 Million Yuan Angel+ Round, Aiming for the Global First Tier of Commercial Fusion
Fusion for AI & Beyond
