Science is becoming cool again in Silicon Valley and that means the reemergence of funds from Silicon Valley for “tough problems” like energy innovation, though at a much smaller level than the cleantech boom of years past. On Tuesday, nuclear startup Transatomic Power announced that it has closed a seed round of $2 million from the Founders Fund’s newly-launched science-focused fund FF Science.
The Founders Fund is the firm behind some of the more successful Internet startups out there including Facebook, Yammer and Spotify, but also some science-focused companies such as Climate Corporation, Space-X and satellite startup Planet Labs. The fund, which was created by PayPal co-founder Peter Thiel and his partners, promotes this manifesto: “we wanted flying cars, instead we got 140 characters.”
A close up Transatomic Power’s nuclear reactor design, image courtesy of Transatomic.
Transatomic Power was founded in 2011 by MIT nuclear scientists Leslie Dewan and Mark…
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