Nuclearn.ai, a Phoenix, AZ-based provider of AI process automation solutions for the nuclear industry, announced that it raised $2.5 million in a seed funding round led by AZ-VC with participation from Nucleation Capital.
The funds will be primarily used for hiring relationship-based sales teams focused on the North American nuclear power market and the general utility market. Nuclearn.ai also plans to continue the development of AtomAssist, its Nuclear Language Model (LLM), and other utility-focused product use cases.
The funding will enable Nuclearn.ai to respond to market demand for AI and machine learning-enhanced offerings to bring more attention to products such as the Nuclear AutoCAP Screener and Nuclearn Evaluator.
Additionally, with a strong desire for privacy and security in the nuclear industry, Nuclearn will be able to enhance the delivery of trainable GenAI capabilities in a private, secure fashion.
"With support from AZ-VC and Nucleation Capital, we are ready to expand our reach within the nuclear market," added Jerrold Vincent, co-founder of Nuclearn.ai. "This funding marks a significant milestone in our journey; it enables us to refine our nuclear-specific LLM and to create new opportunities with minor changes to our existing product portfolio."
"Our alignment with the investment theses of AZ-VC, focused on top tech companies in AZ, and Nucleation's focus on nuclear innovation, further cements this strategic partnership," added Bradley Fox, co-founder of Nuclearn.ai. "The nuclear industry's demand for privacy and security meets an emergent market trend in trainable GenAI capabilities, enabling us to pioneer private, secure solutions not only in nuclear but across other utilities as well."
Company: Nuclearn, Inc.
Raised: $2.5M
Round: Seed Round
Funding Month: August 2023
Lead Investors: AZ-VC
Additional Investors: Nucleation Capital
Company Website: http://www.nuclearn.ai/
Software Category: AI Process Automation Solutions For The Nuclear Industry
About the Company: Founded by Jerrold Vincent and Bradley Fox, Nuclearn.ai offers AI-based solutions tailored for the nuclear industry, helping organizations harness the benefits of artificial intelligence and machine learning technology. With products such as Nuclear AutoCAP Screener and Nuclearn Evaluator, Nuclearn.ai is focused on innovation, privacy, and security in a market aligned with the emergent trends in GenAI. Based in Phoenix, Arizona, and at the forefront of knowledge-work automation, they are committed to preserving the knowledge base in nuclear energy to ensure long-term sustainability and viability.
Source: https://www.prnewswire.com/news-releases/nuclearnai-announces-2-5m-series-seed-round-led-by-arizona-focused-venture-fund-az-vc-301896428.html