Antares
Unicorn · $2.1BParker, US · Founded 2019 · Colorado corporation · 134 employees on LinkedIn · 35 known investors
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Antares Industries develops nuclear reactor technology, with teams spanning nuclear, reactor hardware, and mission engineering as well as manufacturing and regulatory operations. The company works in the nuclear energy and deeptech sector.
Also known as Antares · Antares Industries · Antares Nuclear · Antares Nuclear, Inc.
Founders & leadership
Antares was founded in 2019 by Jordan Bramble and Julia DeWahl.


Board


Investors · 35
How we know: 53 Stations's portfolio page · research · forgeglobal.com · Not right? Tell us
How we know: Balerion Space Ventures's portfolio page · research · forgeglobal.com · Not right? Tell us
How we know: BoxGroup's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: Caffeinated Capital's portfolio page · a partner's Signal profile · offering press articles · funding news · press coverage · the VCSheet dataset · research · forgeglobal.com · Not right? Tell us
How we know: Heartfelt Capital's portfolio page · Not right? Tell us
How we know: Humba Ventures's portfolio page · the VCSheet dataset · research · startupintros.com · Not right? Tell us
How we know: Industrious Ventures's portfolio page · offering press articles · funding news · press coverage · the VCSheet dataset · research · forgeglobal.com · Not right? Tell us
How we know: Paradigm's portfolio page · a partner's Signal profile · offering press articles · funding news · press coverage · research · forgeglobal.com · Not right? Tell us
How we know: Pathbreaker Ventures's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: Republic Capital (ex Republic Labs)'s portfolio page · Not right? Tell us
How we know: a partner's Signal profile · offering press articles · funding news · press coverage · the VCSheet dataset · research · forgeglobal.com · Not right? Tell us
How we know: Shrug Capital's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: the VCSheet dataset · research · startupintros.com · Not right? Tell us
How we know: research · startupintros.com · Not right? Tell us
How we know: research · startupintros.com · Not right? Tell us
How we know: research · startupintros.com · Not right? Tell us
How we know: offering press articles · Not right? Tell us
How we know: offering press articles · funding news · press coverage · research · forgeglobal.com · Not right? Tell us
How we know: research · startupintros.com · Not right? Tell us
How we know: the VCSheet dataset · Not right? Tell us
Also in the syndicate · 9
Funding
SEC filings, press & company announcements$1.4B disclosed across 10 of 16 rounds · 2020–2026
- $470MraisedJul 2026 · 2 sourcesSource ↗
- $470MSeries CJul 2026 · 3 sources
Caffeinated Capital (lead), Paradigm (lead), Industrious Ventures, Point72 Ventures, Shine Capital
Source ↗
▶$60MraisedAug 2026 · 13 investors · Other EnergyRule 506(b)
- Jordan BrambleExecutive Officer, Director, Promoter
- Julia DeWahlDirector, Promoter
- Jack AltmanDirector
- Alexander HartzDirector
- Alana PalmedoDirector
- Offering amount
- $85M
- Amount sold
- $60M
- First sale
- Aug 2026
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
▶$320MraisedJul 2026 · 24 investors · Other EnergyRule 506(b)
- Jordan BrambleExecutive Officer, Director, Promoter
- Julia DeWahlDirector, Promoter
- Jack AltmanDirector
- Alexander HartzDirector
- Alana PalmedoDirector
- Offering amount
- $320M
- Amount sold
- $320M
- First sale
- Jul 2026
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
▶$51MraisedSep 2025 · 31 investors · Other EnergyRule 506(b)
- Julia DeWahlDirector, Promoter
- Alexander HartzDirector
- Jack AltmanDirector
- Jordan BrambleExecutive Officer, Director, Promoter
- Offering amount
- $79.5M
- Amount sold
- $51M
- First sale
- Sep 2025
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
▶$30KraisedMay 2025 · 2 investors · Business ServicesRule 506(c)
- DONALD G MACKExecutive Officer, Director
- Offering amount
- $5M
- Amount sold
- $30K
- Minimum investment
- $10K
- Sales commissions
- $500K
- Finders' fees
- $500K
- Proceeds to insiders
- $150K
- First sale
- May 2025
- Incorporated
- Corporation, Colorado
- Federal exemptions
- 06c
▶$27.5MraisedOct 2024 · 10 investors · Other EnergyRule 506(b)
- Jack AltmanDirector
- Julia DeWahlExecutive Officer, Director, Promoter
- Jordan BrambleExecutive Officer, Director, Promoter
- Offering amount
- $27.5M
- Amount sold
- $27.5M
- First sale
- Sep 2024
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
▶$8.1MraisedOct 2023 · 44 investors · Other TechnologyRule 506(b)
- Jordan BrambleExecutive Officer, Director, Promoter
- Julia DeWahlExecutive Officer, Director, Promoter
- Offering amount
- $8.2M
- Amount sold
- $8.1M
- First sale
- Oct 2023
- Incorporated
- Corporation, Delaware, 2023
- Federal exemptions
- 06b
▶$28KraisedJun 2023 · 3 investors · ManufacturingRule 506(b)
- Donald Gerald MackExecutive Officer
- Offering amount
- $2.5M
- Amount sold
- $28K
- Minimum investment
- $3K
- Proceeds to insiders
- $150K
- First sale
- May 2023
- Incorporated
- Corporation, Colorado, 2019
- Federal exemptions
- 06b
▶$225KraisedMar 2020 · 3 investors · Manufacturing
- Donald Gerald MackExecutive Officer
- Offering amount
- $1M
- Amount sold
- $225K
- Minimum investment
- $25K
- Proceeds to insiders
- $50K
- First sale
- Feb 2020
- Incorporated
- Corporation, Colorado, 2019
- Federal exemptions
- 04.1
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Antares (Antares Nuclear, Inc.) is a nuclear fission energy company developing compact, factory-produced microreactors intended to supply power for defense installations, space missions and underwater applications. Its lead product, the R1 microreactor, is described as modular and transportable, delivering 100 kWe to 1 MWe for six or more years. The design uses TRISO coated particle fuel in a prismatic graphite core, graphite and boron carbide control drums with independent actuator motors, sodium heat pipes for passive high-temperature heat transfer, a fin-and-tube primary heat exchanger, a recuperated closed nitrogen Brayton power conversion cycle operating below 300 psi, and a power management and distribution node able to connect to local microgrids. An integrated shielding and transport cradle is intended to simplify field deployment.
The company positions itself as vertically integrated, with in-house capabilities in special-purpose reactor design and manufacture, high-temperature heat pipes and radiators, automated control systems with hardware-in-the-loop digital twins, and precision machining of nuclear-grade graphite. Reported facilities include Torrance, California; Idaho Falls, Idaho; and Aiken, South Carolina, plus a 322,000 sq ft vertically integrated R&D site called Antares Prime. One secondary source instead describes a 145,000 sq ft production facility and roughly 60 employees, and gives conflicting founding years (2023 versus 2025), so facility and headcount details are inconsistent across sources.
Antares states a staged roadmap: 2025 conceptual design review, an approved Nuclear Safety Design Agreement, testing of an electrically heated demonstration unit, submission of a preliminary documented safety analysis and a HALEU fuel allocation; 2026 first reactor demonstration at Idaho National Laboratory under the Department of Energy Reactor Pilot Program (initial criticality of the Mark-0 microreactor); 2027 operation of a full-power, electricity-producing Mark-1 reactor; and 2028 initial customer deployments."/* */
Founding story
Secondary reporting states Antares was founded in 2023 by co-founders Jordan Bramble, who serves as CEO, and Julia DeWahl [4][6]. No further founding narrative is provided in the sources.
Business model
Antares designs and manufactures its own reactors using a vertically integrated supply chain and in-house manufacturing, selling or deploying factory-built microreactor power systems to government and defense customers; reported funding sources include venture capital and government contracts [0][2][3][6].
Sources do not describe pricing or revenue mechanics; funding is reported as a combination of venture equity, debt and government contracts [3][6].
Traction
Reported milestones include completion of a conceptual design review, an approved Nuclear Safety Design Agreement, submission of a preliminary documented safety analysis, testing of an electrically heated demonstration unit, a HALEU allocation and start of fuel fabrication, opening of the 322,000 sq ft Antares Prime R&D facility, and initial criticality of the Mark-0 microreactor at Idaho National Laboratory in 2026 under the DOE Reactor Pilot Program [0][3][4].
Latest developments
In July 2026 Antares announced a $470M Series C co-led by Paradigm and Caffeinated Capital, comprising $370M equity and $100M debt, weeks after its Mark-0 reactor reached criticality at Idaho National Laboratory — described as the first privately developed non-light-water reactor to achieve criticality in the United States in more than 40 years. Proceeds are earmarked for the Mark-1 electricity-producing reactor in 2027 and initial defense deliveries in 2028 [2][3][4].
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Antares describes itself as setting the pace for advanced reactor development, claiming to be the first company in the U.S. to receive an approved Nuclear Safety Design Agreement for a reactor and the first U.S. microreactor to receive a HALEU allocation and begin fuel fabrication; press coverage credits it with the first privately developed non-light-water reactor to reach criticality in the U.S. in over 40 years [0][3].
Antares emphasizes a simple design optimized for reliability, uptime and manufacturability, a vertically integrated in-house supply chain, factory production of reactors, and autonomous multiyear operation without refueling, framed around sustained operation rather than a one-time demonstration [0][3].
Technology
Fission microreactor using TRISO coated particle fuel in a prismatic graphite core, graphite and boron carbide control drums with independent actuator motors, sodium heat pipes for passive heat transfer, a fin-and-tube primary heat exchanger, a recuperated closed nitrogen Brayton cycle below 300 psi, power management and distribution for microgrid connection, and an integrated shielding and transport cradle; supporting capabilities include high-temperature heat pipes and radiators, automated control systems with hardware-in-the-loop digital twins, and in-house nuclear-grade graphite machining [0].
Go-to-market
The company sells to U.S. government and defense customers, with reported customers including the U.S. Air Force, the Department of War, NASA and the Department of Energy, and participates in the DOE Reactor Pilot Program; its timeline is aligned with Executive Order 14299, which directs the Department of War to operate a reactor at a domestic military installation by September 30, 2028 [2][3][6].
U.S. defense and government customers, including military installations, space missions and underwater applications; named customers include the U.S. Air Force and the Department of War, with additional public entities cited as NASA and the Department of Energy [0][2][3][6].
Geography
Antares operates facilities in Torrance, California; Idaho Falls, Idaho; and Aiken, South Carolina, with reactor demonstration work at Idaho National Laboratory [2][3][4]. One directory listing gives an alternative headquarters of Redondo Beach, California [6].
History
Sources give conflicting founding dates: two secondary sources state the company was founded in 2023 by co-founders Jordan Bramble and Julia DeWahl, while one lists 2025 [4][6]. Reported financing includes a $30M Series A in October 2024, a $96M debt/Series B in December 2025, and a $470M Series C announced in July 2026, bringing reported totals to over $600M [2][3][4][6]. Technical milestones include a 2025 conceptual design review, the first approved Nuclear Safety Design Agreement for a reactor in the U.S., the opening of the 322,000 sq ft Antares Prime facility, and 2026 initial criticality of the Mark-0 reactor at Idaho National Laboratory [0][3][4].
Risks & controversies
Sources report inconsistent basic facts (founding year of 2023 versus 2025, headquarters in Torrance versus Redondo Beach, facility size of 322,000 versus 145,000 sq ft, and total funding figures), and the company's roadmap depends on regulatory approvals, HALEU fuel supply and delivery milestones tied to a 2028 government deadline [0][3][4][6].
Compiled by commissioned research from 15 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 1
by search overlapCompanies competing with Antares for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 10
launches, deals, and filingsRound co-led by Paradigm and Caffeinated Capital with Point72 Ventures, Shine Capital and Industrious Ventures; proceeds to fund the Mark-1 electricity-producing reactor in 2027 and initial defense deployments in 2028. Total raised reported at over $600M.
$470M source ↗
Antares announced a $470 million Series C, comprising $370 million in equity and $100 million in debt, led by Paradigm and Caffeinated Capital with participation from Industrious Ventures, Point72 Ventures and Shine Capital. Proceeds are intended to accelerate the move from reactor demonstration to fielding at U.S. military installations by 2028. A corresponding Form D was filed with the SEC.
$470M source ↗
Antares is one of three finalists, alongside Radiant Industries and Westinghouse, in the Defense Department's Advanced Nuclear Power for Installations program, which will test small modular reactors at Air Force bases in Colorado and Montana. The winner will work with the Air Force to have an advanced reactor operating at an installation by 2030 or sooner.
The Mark-0 microreactor reached initial criticality at Idaho National Laboratory under the DOE Reactor Pilot Program. The company describes it as the first privately developed non-light-water reactor in the U.S. to reach criticality in more than four decades; the test produced modest energy output but no electricity.
First reactor demonstration under the DOE Reactor Pilot Program; described as the first privately developed non-light-water reactor to reach criticality in the U.S. in more than 40 years, validating reactor physics, reactivity control and instrumentation in a full-scale TRISO-fueled core.
Antares closed a $96 million Series B, split into $71 million of new equity and $25 million in debt, led by Shine Capital with participation from Alt Capital, Caffeinated Capital, 53 Stations and Industrious Ventures. Debt proceeds were earmarked for equipment, factory buildout and uranium procurement.
$96M source ↗
Forge records a Series B-1 round of $66.72 million at $11.00 per share and a $277.05 million post-money valuation, with investors including 53 Stations, Alt Capital, Balerion Space Ventures, Berkocorp, Caffeinated Capital, Collective Global, Cyrus Ventures, Industrious Ventures, Reveille Capital, Shine Capital, Sparkwave Capital and Unmatched Ventures.
$66.7M source ↗
Vertically integrated R&D space opened to accelerate in-house manufacturing and design iteration.
Company states it completed its Conceptual Design Review, became the first U.S. company with an approved Nuclear Safety Design Agreement for a reactor, submitted its Preliminary Documented Safety Analysis, and was the first U.S. microreactor to receive a HALEU allocation and begin fuel fabrication.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 2
corporate structureIn the news
▸Research sources · 15
primary sources listed
- Antaresantaresindustries.com · web
- Antares raises $470M to build nuclear reactors for the US military | TechCrunchtechcrunch.com · web
15 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Antares do?
- Antares Nuclear builds factory-produced fission microreactors for defense, space and other strategic energy missions.
- Who founded Antares?
- Antares was founded by Jordan Bramble, Julia DeWahl in 2019.
- Who are Antares's investors?
- Antares's investors include 53 Stations, Atacama Ventures, Balerion Space Ventures, BoxGroup, Caffeinated Capital, Heartfelt Capital, Humba Ventures, Industrious Ventures and 18 more.
- How much funding has Antares raised?
- Antares has disclosed $1.4B raised across 10 of its 16 known rounds.
- Where is Antares headquartered?
- Antares is headquartered in Parker, US.








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