A private company in California wants to deploy nuclear microreactors at American military bases. And now, they’ve just raised hundreds of millions of dollars to do it.
What’s happening:
- Torrance, California based nuclear fission company Antares has successfully raised $470M USD in a new Series C financing round
By the numbers:
- Antares has now raised more than $600M USD in venture capital funding since inception
Why it matters:
- Antares is one of the most advanced private companies in the United States focused on developing advanced, non-light-water nuclear microreactors for both military and space applications
Going deeper:
- The Department of the Air Force in conjunction with the Defense Innovation Unit has notably selected Antares to deploy a prototype nuclear microreactor at Joint Base San Antonio under the Advanced Nuclear Power for Installations initiative
- Multiple prominent venture capital investors participated in Antares’ new Series C financing including Paradigm, Caffeinated Capital, Point72 Ventures and Industrious Ventures
