MassVentures
MassVentures is a venture capital firm based in Waltham, Massachusetts, established in 1978 as a quasi-public corporation by the Massachusetts Legislature. The firm focuses on providing seed and early-stage funding to high-growth startups, facilitating their transition from concept to commercialization. MassVentures invests primarily in sectors such as information technology, healthcare, cybersecurity, e-commerce, mobile, manufacturing, and robotics. With a governance structure that includes an independent Board of Directors and management by experienced venture capitalists, MassVentures leverages the state's entrepreneurial spirit and innovation centers to support the Massachusetts innovation economy. The firm also offers accelerator programs to further assist emerging companies in their growth journey.
Past deals in Nuclear Energy
Electrified Thermal Solutions
Venture Round in 2024
Electrified Thermal Solutions is a Massachusetts-based company founded in 2021 that focuses on decarbonizing industrial processes by replacing fossil fuels with renewable heat. Originating from research at MIT's Department of Nuclear Science and Engineering, the company has developed innovative energy storage technology that converts intermittent renewable electricity into constant heat. This is achieved through the use of low-cost conductive ceramic blocks, allowing various industrial sectors to utilize zero-carbon heat effectively. By providing a sustainable alternative for furnaces, turbines, boilers, and kilns, Electrified Thermal Solutions aims to drive an energy revolution and significantly reduce carbon emissions in industry.
Electrified Thermal Solutions
Grant in 2024
Electrified Thermal Solutions is a Massachusetts-based company founded in 2021 that focuses on decarbonizing industrial processes by replacing fossil fuels with renewable heat. Originating from research at MIT's Department of Nuclear Science and Engineering, the company has developed innovative energy storage technology that converts intermittent renewable electricity into constant heat. This is achieved through the use of low-cost conductive ceramic blocks, allowing various industrial sectors to utilize zero-carbon heat effectively. By providing a sustainable alternative for furnaces, turbines, boilers, and kilns, Electrified Thermal Solutions aims to drive an energy revolution and significantly reduce carbon emissions in industry.
Electrified Thermal Solutions
Grant in 2023
Electrified Thermal Solutions is a Massachusetts-based company founded in 2021 that focuses on decarbonizing industrial processes by replacing fossil fuels with renewable heat. Originating from research at MIT's Department of Nuclear Science and Engineering, the company has developed innovative energy storage technology that converts intermittent renewable electricity into constant heat. This is achieved through the use of low-cost conductive ceramic blocks, allowing various industrial sectors to utilize zero-carbon heat effectively. By providing a sustainable alternative for furnaces, turbines, boilers, and kilns, Electrified Thermal Solutions aims to drive an energy revolution and significantly reduce carbon emissions in industry.
Silverside Detectors
Grant in 2017
Silverside Detectors is a technology company that develops nuclear radiation detection technologies to protect cities and citizens from nuclear terrorism. It designs and develops adaptable radiation detectors. These detectors can be installed in urban and transit infrastructure for nuclear detection. The company develops inexpensive thermal neutron detectors that can be a building block for large-area networked scanning and other future solutions for nuclear threat reduction.
Radiation Monitoring Devices
Grant in 2013
Radiation Monitoring Devices (RMD), established in 1974 as a business unit of Dynasil Corporation of America, specializes in the development and manufacture of innovative medical instruments for cancer treatment. Their primary product line consists of radiation imaging and detection systems designed to locate radio-labeled cancerous tissue during surgery, enabling safer and more precise patient care.
CapeSym
Grant in 2012
CapeSym specializes in developing innovative radiation detection solutions. The company manufactures advanced semiconductors designed for nuclear detection, including scintillators such as SrI2(Eu) and CLYC(Ce), as well as TlBr and CdZnTe semiconductors. In addition to its product offerings, CapeSym provides consulting services to corporations and U.S. defense agencies in areas such as thermal management, crystal growth, advanced materials technologies, biomedical devices, and the design and fabrication of industrial equipment. Through these efforts, CapeSym contributes to the imaging industry by delivering effective radiation detectors and thermal analysis techniques.
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