What does Zeno Power do?
Zeno Power develops nuclear batteries and compact, long-duration power systems designed to deliver reliable energy for frontier environments, including maritime and space applications.
How much did they raise?
The company raised $50M in Series B funding led by Hanaco Ventures with participation from Seraphim, Balerion Space Ventures, JAWS, Vanderbilt University, RiverPark Ventures, Stage 1 Ventures, 7i Capital, and Beyond Earth Ventures, bringing its total capital raised to over $70M.
What are their plans for the money?
Zeno Power plans to use the funding to expand its team to over 100 employees across Seattle and Washington, DC, and invest in scaling manufacturing capabilities to meet increasing customer demands.
What have they achieved so far?
The company has already secured over $60M in contracts from the U.S. Department of Defense and NASA to develop nuclear batteries for challenging maritime and space applications.
