Antares raises $470M to build nuclear reactors for the U.S. military
Nuclear power startup Antares Nuclear said Monday that it has raised $470 million to build small reactors for U.S. military bases. The Series C round, which was led by Paradigm and Caffeinated Capital with participation from Industrious Ventures, Point72 Ventures, and Shine Capital, underscores investors’ growing interest in advanced nuclear startups — a trend fueled by an AI data center building boom and demand for new sources of power. The Series C round included $370 million in equity and $100 million in debt.
- ▪Nuclear power startup Antares Nuclear said Monday that it has raised $470 million to build small reactors for U.S. military bases.
- ▪The Series C round, which was led by Paradigm and Caffeinated Capital with participation from Industrious Ventures, Point72 Ventures, and Shine Capital, underscores investors’ growing interest in advanced nuclear startups — a trend fueled b
- ▪The Series C round included $370 million in equity and $100 million in debt.
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| Original publisher | TechCrunch |
| Canonical URL | https://techcrunch.com/2026/07/27/antares-raises-470m-to-build-nuclear-reactors-for-the-u-s-military/ |
| Publication time | Mon, 27 Jul 2026 17:49:28 +0000 |
| Retrieval time | 2026-07-27T18:12:49.255Z |
| Last seen | 2026-07-27T18:12:49.255Z |
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Opening excerpt (first ~120 words) tap to expand
Nuclear power startup Antares Nuclear said Monday that it has raised $470 million to build small reactors for U.S. military bases. The Series C round, which was led by Paradigm and Caffeinated Capital with participation from Industrious Ventures, Point72 Ventures, and Shine Capital, underscores investors’ growing interest in advanced nuclear startups — a trend fueled by an AI data center building boom and demand for new sources of power. The Series C round included $370 million in equity and $100 million in debt. Antares has been developing a small modular reactor (SMR) capable of producing between 100 kilowatts and 1 megawatt of electricity, enough to power up to 750 homes.
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