Nuclear Startup Radiant Raises $165 Million for Micro-Reactor
Radiant’s design is tiny compared to the conventional reactors widely used today.
Rendering of the Radiant Kaleidos microreactor.
Source: US Department of EnergyRadiant Industries Inc., a US nuclear startup, lined up $165 million in funding to complete its small reactor design.
The Series C funding round was led by DCVC Management Co., and also included Giant Ventures Global and StepStone Group Inc., according to a statement. The El Segundo, California-based company said it now has raised $225 million to develop its 1-megawatt system.