Radiant Raises $300m in Latest Funding Round

Equinix-backed microreactor firm Radiant Industries has raised more than $300 million as part of its latest funding round. Draper Associates and Boost VC led the funding round, with additional financial commitments from current investors.

According to the company, the latest funding round will support its commercialization efforts as it prepares to break ground on its R-50 factory in Oak Ridge, Tennessee. 

“Micro-scaled nuclear, mass produced for the first time ever, can transform how the public thinks about nuclear energy,” said Doug Bernauer, CEO and founder of Radiant. “This funding enables us to build our factory and keep to our DOME schedule, where we will achieve a self-sustained chain reaction on a reactor designed by, built by, fueled by, and operated by Radiant alongside our partners at the Idaho National Lab.”