Startup · United States
SHINE Technologies
HQ Janesville, WisconsinFounded 2010201-500 employees
Develops fusion technology for industrial applications, medical isotopes, and energy.
Funding7 rounds · $460M
- Equity raised
- $460M
- Debt, secondaries & grants
- $32.0M
- Latest
- UndisclosedGrant · Aug 4, 2026
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Grant | Undisclosed | — | — | — | Reported |
| Feb 26, 2026 | Undisclosed | $240M | — | NantWorks | — | Confirmed |
| Feb 24, 2025 | Series C | Undisclosed | — | — | — | Reported |
| Jan 17, 2025 | Grant | Undisclosed | — | — | — | Reported |
| Jul 17, 2024 | Grant | $32.0M | — | — | — | Reported |
| Oct 11, 2023 | Convertible | $70.0M | — | Baillie Gifford | — | Reported |
| Jun 28, 2021 | Series C | $150M | — | Koch Disruptive Technologies | — | Reported |
- GrantUndisclosedAug 4, 2026
- $240MFeb 26, 2026
- Series CUndisclosedFeb 24, 2025
- GrantUndisclosedJan 17, 2025
- Grant$32.0MJul 17, 2024
- ConvertibleLed by Baillie Gifford$70.0MOct 11, 2023
- Series CLed by Koch Disruptive Technologies$150MJun 28, 2021
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Capabilities1
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Nuclear energy and propulsion | Developer | — | — | classify_sectors run 37, haiku, taxonomy 2026-10-18b: Develops fusion technology for industrial, medical isotope and energy applications, with no defense use stated. | Reported |
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: Develops fusion technology for industrial, medical isotope and energy applications, with no defense use stated.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
People9
| Person | Role |
|---|---|
| Gregory Piefer | Founder & CEO |
| Greg Piefer | Founder |
| Chris Lee | Chief Strategy Officer |
| David Willbrand | Chief Legal Officer |
| Derek Kramer | Chief Operating Officer |
| Kyle Stacey | CFO |
| Michael Rossi | Chief Executive Officer of Shine Spect USA |
| Ross Radel | Chief Technology Officer |
| Todd Asmuth | President |
Sources5
Profile2
- 1
The Janesville Gazette · Oct 16, 2026 · Supports Organization · news event
“The United States Department of Energy issued a $263 million conditional loan to complete the project.”
- 2
Supports Organization · linkedin url
“https://www.linkedin.com/company/shinefusion/”
Funding2
- 3
Supports Funding round, Funding round · investors, Organization
“today announced it has raised $240 million in equity funding, and appointed Dr. Patrick Soon-Shiong, M.D., Executive Chairman of ImmunityBio and founder of NantWorks, to its Board of Directors. The round was led by NantWorks with additional participation from Fidelity Management & Research Company, Sumitomo Corporation of Americas, Pelican Energy Partners, Deerfield”
- 4CompanySHINE Technologies
LinkedIn · Supports Funding round, Organization · employee range, Organization · founded year, Organization · hq city, Organization · hq region, Organization · ownership, Role
“funding round: Series C, 2025-02-24”
People1
- 5
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.