US military bases could get Antares' mini nuclear reactors by 2028

US military bases could get Antares' mini nuclear reactors by 2028

Nuclear startup Antares announced on Monday that it has raised $470 million in new funding to help speed up the development of its small modular reactors (SMRs). The company expects its first systems to power U.S. military sites in the next few years. The Series C funding round includes $370 million in equity and $100 million in debt. It was led by Paradigm and Caffeinated Capital, with participation from Industrious Ventures, Point72 Ventures, …

Paradigm leads $470M Antares Nuclear funding round for military SMRs

Paradigm has led a $470 million funding round for nuclear startup Antares Nuclear, extending its capital into military-focused small modular reactors as the crypto venture firm continues investing across frontier technologies. According to TechCrunch, the Series C financing includes $370…

Startup Raises $470 Million to Make Reactors for Military Bases

California startup Antares Nuclear Inc. raised $470 million to advance plans to build small reactors aimed at supplying power to US military bases. Venture capital firms Paradigm and Caffeinated Capital co-lead the financing round, which comprised $370 million in equity and $100 million in debt, Antares said in a statement Monday. The investment is expected […] The post Startup Raises $470 Million to Make Reactors for Military Bases appeared fir…

US military bases could be powered by Antares’ mini nuclear reactors by 2028

By Sujita Sinha – Interesting Engineering Nuclear startup Antares announced on Monday that it has raised $470 million in new funding to help speed up the development of its small modular reactors (SMRs). The company expects its first systems to power U.S. military sites in the next few years. The Series C funding round includes $370 million in equity and $100 million in debt. It was led by Paradigm and Caffeinated Capital, with participation fro…

Antares raises $470M to beat Washington’s own deadline for military nuclear power

Antares has raised $470 million in Series C funding, co-led by Paradigm and Caffeinated Capital. It is split into $370 million equity and $100 million debt, bringing total capital raised to over $600 million. The capital supports scaling production for the Mark-1 electricity-producing reactor in 2027, followed by initial U.S. military installations in 2028. The U.S. government gave itself a deadline it did not yet have the technology to meet. …