Paradigm leads $470M Antares Nuclear funding round for military SMRs

Paradigm has led a $470 million funding round for nuclear startup Antares Nuclear, extending its capital into military-focused small modular reactors as the crypto venture firm continues investing across frontier technologies. Summary Paradigm has led a $470 million funding round for nuclear startup Antares as it continues expanding into frontier technologies alongside crypto. Antares plans to deploy its first electricity producing small modular reactor next year before targeting U.S. military bases in 2028. The investment comes weeks after Paradigm launched its $1.2 billion fund focused on crypto, artificial intelligence, robotics, and other emerging technologies. Antares is one of three finalists in a Pentagon program testing small modular reactors at Air Force installations. According to TechCrunch, the Series C financing includes $370 million in equity and $100 million in debt, with Caffeinated Capital co-leading the round and participation from Industrious Ventures, Point72 Ventures, and Shine Capital. The investment comes weeks after Paradigm closed its own $1.2 billion fourth fund, which the firm said would continue backing crypto while expanding into artificial intelligence...