What is MillenniTek?
MillenniTek operates as a high-precision manufacturer of advanced technical ceramics, specifically engineered for the nuclear industry. The company provides essential components including neutron absorbers and specialized shielding materials designed for extreme environments. With NQA-1 certification, MillenniTek serves as a vital link in the supply chain for reactor refueling cycles and the emerging Small Modular Reactor (SMR) and micro-reactor markets. Their team of material scientists and ceramic engineers focuses on delivering high-quality, durable solutions that ensure safety and efficiency in nuclear power generation.
How much funding has MillenniTek raised?
MillenniTek has raised a total of $488K across 2 funding rounds:
Debt
$150K
Debt
$338K
Debt (2020): $150K with participation from PPP
Debt (2021): $338K led by PPP
Key Investors in MillenniTek
PPP
Public-Private Partnership
What's next for MillenniTek?
With this latest round of financing, MillenniTek is well-positioned to accelerate its research and development initiatives for next-generation reactor technologies. The company is expected to prioritize the expansion of its manufacturing footprint to support the growing demand for space-grade and modular reactor materials. By maintaining its focus on high-barrier-to-entry ceramic solutions, MillenniTek aims to capitalize on the global transition toward sustainable and reliable nuclear energy, further cementing its role as a key industrial partner for both commercial and government-led energy projects.
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