Tech Company Financing Transactions
Nuclearn Funding Round
On 8/9/2023, Nuclearn raised $2.5 million in Seed funding from AZ-VC and Nucleation Capital.
Transaction Overview
Company Name
Announced On
8/9/2023
Transaction Type
Venture Equity
Amount
$2,500,000
Round
Seed
Investors
AZ-VC (Lead Investor)
Proceeds Purpose
The company intends to use the funds for hiring relationship-based sales teams focused on the North American nuclear power market and the general utility market, and the development of AtomAssist, its Nuclear Language Model (LLM), and other utility-focused product use cases.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
1545 West Thomas Road
Phoenix, AZ 85015
USA
Phoenix, AZ 85015
USA
Phone
Undisclosed
Website
Email Address
Overview
Nuclearn automates the routine, so you can focus on the unique. Founded in 2020 by two nuclear industry veterans with a passion for innovation, Nuclearn helps the nuclear power industry safely automate some of its most critical processes. Co-Founders Jerrold Vincent and Bradley Fox first combined their experience from careers in nuclear engineering, business intelligence and process improvement to start the industry's first in-house data science team at the Palo Verde Nuclear Generating Station in 2016. Soon after, their work was recognized throughout the nuclear industry -- resulting in a US-issued patent and the NEI Best of the Best, Top Innovative Practice Award in 2020. Nuclearn was born from the combination of this innovative spirit and the desire to serve the entire nuclear power industry.
Management Team
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We report on tech company VC transactions. VC investment data records on this site come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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