Standard Nuclear emerges from the ashes of a failed startup

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Standard Nuclear emerged from stealth Wednesday with $42 million in funding to make advanced nuclear fuel.

Except Standard Nuclear isn’t an entirely new company. Rather, it’s built on assets purchased at auction following the bankruptcy of the Ultra Safe Nuclear Corporation (USNC) for $28 million. The new company’s CEO, Kurt Terrani, served as vice president at USNC.

The funding round was led by Decisive Point with participation from Andreessen Horowitz, Crucible Capital, Fundomo, and Washington Harbour Partners.

Standard Nuclear says…



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Standard Nuclear emerges from the ashes of a failed startup


Standard Nuclear emerged from stealth Wednesday with $42 million in funding to make advanced nuclear fuel.

Except Standard Nuclear isn’t an entirely new company. Rather, it’s built on assets purchased at auction following the bankruptcy of the Ultra Safe Nuclear Corporation (USNC) for $28 million. The new company’s CEO, Kurt Terrani, served as vice president at USNC.

The funding round was led by Decisive Point with participation from Andreessen Horowitz, Crucible Capital, Fundomo, and Washington Harbour Partners.

Standard Nuclear says…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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