Radiant Industries, Incorporated raised $100 million in a Series C funding round led by DCVC to aid the development of one of the world’s first commercial microreactors.
Radiant Industries, Incorporated raised $100 million in a Series C funding round led by DCVC to aid the development of one of the world’s first commercial microreactors.
11/14/24, 8:21 PM
Location
el segundoMoney raised
$100 million
Industry
renewable energy
energy
manufacturing
Round Type
series c
Investors
Chevron Technology Ventures, Washington Harbour Partners Lp, Felicis, Union Square Ventures, A16z, Dcvc
Radiant Industries, Incorporated announced a $100 million Series C funding round led by DCVC, with participation from various investors. The funding will primarily be used to complete the Kaleidos Development Unit, a crucial step towards bringing factory-constructed microreactors to market.
Company Info
Location
el segundo, california, united states
Additional Info
Radiant Industries, Incorporated is a leader in advanced nuclear technology, focusing on the development of commercial microreactors. Their Kaleidos microreactor offers a portable and environmentally friendly power solution, capable of replacing diesel generators. Radiant aims to provide reliable energy to remote locations while advancing the nuclear industry. The company has secured significant funding to support its ambitious development and manufacturing goals.