TerraPower, LLC, a Bellevue, Washington-based company focused on developing new ways to make electricity using nuclear reactors, raised $35m in Series B financing round.
Investors in the round include Charles River Ventures and Khosla Ventures.
TerraPower was formed to advance innovative approaches to nuclear energy that were identified in “invention sessions” at CRV portfolio company Intellectual Ventures. Invention sessions are multidisciplinary brainstorming events focused on a particular set of issues and possible solutions.
The company has nearly 40 full time professionals and 75 technical consultants with expertise in nuclear engineering, physics and computer science.