Radiant Industries
Assembly Line
Radiant Secures $100 Million in Series C Funding, Plans Milestone Test at INL’s DOME Facility
Radiant Industries, Incorporated, a leader in advanced nuclear technology, today announced a $100 million Series C funding round led by DCVC, a preeminent deep tech venture capital firm. The round included participation from a16z’s American Dynamism team, which led the Series B, and Union Square Ventures, and welcomed new investors Felicis, Washington Harbour Partners LP, and Chevron Technology Ventures. This investment comes on the heels of Radiant’s passive cooldown demonstration, a critical test of a full-scale, non-fueled reactor, and brings the company’s total venture funding to $160 million.
The funding will primarily be used to complete Radiant’s Kaleidos Development Unit, the same reactor design that will be manufactured and sold to customers. At INL, the unit will undergo a comprehensive testing program including rigorous evaluations of the reactor’s failsafe mechanisms and proprietary semi-automated control system, providing validation cases for regulatory analyses. Funds will also be used for factory siting and early construction efforts, breaking ground on the facilities that are expected to produce up to 50 microreactors per year.