Standard Nuclear emerges from the ashes of a failed startup

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Here’s a structured list based on the provided information:

Company

  • Startup: Standard Nuclear

Funding Details

  • Total Fundraise: $42 million
  • Date of Fundraise: Wednesday (exact date not specified)

Investors

  • Lead Investor: Decisive Point
  • Participating Investors:
    • Andreessen Horowitz
    • Crucible Capital
    • Fundomo
    • Washington Harbour Partners

Founders & Key People

  • CEO: Kurt Terrani (former VP at Ultra Safe Nuclear Corporation)
  • Decisive Point Founder: Thomas Hendrix

Background Information

  • Previous Company: Ultra Safe Nuclear Corporation (USNC)
  • Purchase Price of Assets: $28 million
  • Previous Major Investor: Richard Hollis Helms and family (approx. $100 million investment)

Future Projections

  • Non-binding Fuel Sales Target for 2027: $100 million
  • Clients Mentioned:
    • Nano Nuclear Energy
    • Radiant Industries

Technical Focus

  • Nuclear Fuel Type: TRISO (tri-structural isotropic) nuclear fuel

This list summarizes the key aspects of the story about Standard Nuclear, including its funding round, stakeholders, and important background information.

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2025-06-11 12:00:00