Deep Fission, a Berkeley, CA-based nuclear energy company, raised $4M in funding.
The round was led by 8VC.
The company intends to use the funds to accelerate efforts in hiring, regulatory approval, and the commercialization of its reactor technology.
Founded in 2023 by father-daughter team Elizabeth and Richard Muller, Deep Fission applies traditional pressurized water reactor design in an unconventional environment. By leveraging the natural conditions deep underground, the startup eliminates the need for large pressure vessels and containment structures, reducing costs while enhancing safety, sustainability, and operational efficiency. It can do this while using conventional low-enriched uranium fuel and an existing supply chain, sidestepping a significant source of delay and concern for other advanced reactor designs.
The company has already met several important milestones, including completing a conceptual design, submitting a regulatory engagement plan, a conceptual design white paper, and a conceptual design review meeting with the Nuclear Regulatory Commission.
FinSMEs
23/08/2024