Antares Raises $470M Led by Paradigm and Caffeinated to Deploy Microreactors on US Military Bases
Summary
California-based Antares raised $470M ($370M equity plus $100M debt) co-led by Paradigm and Caffeinated Capital, targeting first microreactor deployment on US military bases by 2028. Total funding now exceeds $600M; the company achieved initial criticality of its Mark-0 microreactor on June 4. The round underscores continued investor appetite for behind-the-meter nuclear power to feed defense-adjacent AI compute demand.
Originally reported by bloomberg.com
Read the original article →Original headline: Antares Raises $470M Led by Paradigm and Caffeinated to Deploy Microreactors on US Military Bases