Radiant Industries, an El Segundo, CA-based advanced nuclear technology company, raised $100M in Series C funding.
The round, which brought the total amount to $160M, was led by DCVC, with participation from a16z’s American Dynamism team, Union Square Ventures, Felicis, Washington Harbour Partners, Chevron Technology Ventures, Founders Fund, Decisive Point, McKinley Alaska, Boost VC, and Also Capital.
The company intends to use the funds to complete its Kaleidos Development Unit, the same reactor design that will be manufactured and sold to customers.
Led by CEO Doug Bernauer, Radiant is developing technology with the potential to provide reliable and lower carbon energy to remote, off-grid locations, among other areas. This solution can circumvent grid connection challenges and provide uninterrupted, lower carbon intensity power for long periods. Its Kaleidos microreactor is a 1MW nuclear power plant in a box that replaces diesel generators, providing power for military installations, remote industry, data centers, EV charging, and more. It can be shipped by land, sea or air and installed in a matter of days.
FinSMEs
15/11/2024