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Paradigm Leads A $470 Million Funding Round For Antares Nuclear, Focusing On Military Sm Rs, To Further Its Investment In Frontier Technologies. announced it raised $470 Million in an initial filing from an offering of $320 Million

PRIVATEJul 28, 202612 days ago

Amount Raised

$470 Million

Round Type

Series C

TorranceInformation Technology

Investors

Shine CapitalPoint72 VenturesIndustrious VenturesCaffeinated CapitalParadigm

Description

Paradigm has led a $470 million funding round for nuclear startup Antares Nuclear. This financing is aimed at advancing military-focused small modular reactors and includes $370 million in equity and $100 million in debt. Other participants include Caffeinated Capital, Industrious Ventures, Point72 Ventures, and Shine Capital. Antares plans to deploy its first reactor next year targeting U.S

Company Information

Company

Antares Nuclear

Location

19501 Prairie Ave.

Torrance, California, United States

About

Antares is building compact nuclear microreactors to deliver reliable, mobile energy where it’s needed most—remote military bases, austere industrial sites, and eventually deep space and underwater missions. Founded to tackle the challenge of delivering power where it’s hardest to access, the company is driving momentum in a U.S. nuclear industry that hasn’t seen true progress in decades. Backed by over $50M from top-tier investors, Antares brings together talent from SpaceX, Relativity Space, Ursa Major, MIT, the U.S. Air Force, and more, with a focus on shipping hardware—not hypotheticals.

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