We are excited to announce our $30M Series A fundraise, led by Alt Capital and Caffeinated Capital, to accelerate the demonstration of our first microreactor.
Since raising our seed round a year ago, we’ve finalized our core design, demonstrated our first heat pipe, machined graphite for our core, kicked off power conversion and control systems designs, joined INL’s front end engineering and experiment design (FEEED) program, and won $4.3M in DOD and DOE funding.
We plan to use this round of capital to expand our R&D and manufacturing capabilities and complete our first electrically-heated demonstration unit, scheduled for completion in early 2025.
Thanks to our new and existing investors for their support, including Shine Capital, BoxGroup, Alice Lloyd George, Shrug Capital, Uncommon Capital, Banter Capital, as well as national laboratory partners including Idaho National Laboratory, Savannah River National Laboratory, Oak Ridge National Laboratory, and Sandia National Laboratories. We’re also delighted to welcome Jack Altman to the Antares board.
You can read more about the latest at Antares and check out open roles at Antares at our website. Don’t hesitate to get in touch if you’d like to learn more! https://lnkd.in/edFwT5sd
