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Nuclear / Deep Tech · Series D

Radiant

Portable advanced nuclear microreactor company delivering clean, reliable power for remote and off-grid applications.

Key metrics

Initial investment
$50K
Current value
$50K
Entry valuation
$1.9B
Latest valuation
$1.9B
Current MOIC
1.0x
Base case
$200K
Bull case
$375K
Conviction
4/5

Key value driver

Largest of five Army Janus awards (up to $750M, 15 reactors by 2030); Equinix $600M preorder; first to test at INL's DOME; a16z/Founders Fund/Chevron/IQT

Primary risk

Pre-revenue; criticality not yet achieved; Janus milestones terminable at the Army's convenience; HALEU supply; more private capital means dilution

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