Standard Nuclear raises $140M as nuclear power enters its gold rush era | TechCrunch

"By the end of 2025, nuclear startups had raised $1.1 billion, all for small modular reactors. The deal flow is now extending to those critical suppliers in the nuclear industry. And Standard Nuclear, which makes nuclear fuel to feed those reactors, is one of them. The company said it has raised $140 million in a Series A round led by Decisive Point with participation from Andreessen Horowitz, Chevron Technology Ventures, Crucible Capital, Fundomo, StepStone Group, Washington Harbour Partners, Welara, and XTX Ventures."

"The new round comes seven months after Standard Nuclear emerged from "stealth" with $42 million in funding. Air quotes are required here; Standard Nuclear is built on the ashes of the Ultra Safe Nuclear Corporation (USNC), which went bankrupt in October 2024. The bankrupt company had been working to commercialize a nuclear fuel called TRi-structural ISOtropic particle fuel, or TRISO, for years."

By the end of 2025, nuclear startups had raised $1.1 billion, all for small modular reactors. Deal flow expanded to critical suppliers as Standard Nuclear raised $140 million in a Series A led by Decisive Point, with participation from investors including Andreessen Horowitz and Chevron Technology Ventures. The round closed in two $70 million tranches after Standard Nuclear hit milestones sooner than expected following presidential nuclear-related executive orders. Standard Nuclear emerged from "stealth" seven months earlier with $42 million, built on Ultra Safe Nuclear Corporation's fuel assets acquired for $28 million. TRISO fuel uses ceramic- and carbon-coated uranium particles packed into spheres to resist meltdown. Standard Nuclear reports $100 million in non-binding 2027 sales, including Radiant Energy.

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