Future Ventures
Assembly Line
Molten Salt Solutions Secures $3 Million in Silicon Valley Seed Funding to Advance Adoption of Nuclear Energy
Molten Salt Solutions is pleased to announce the successful close of its Seed funding, securing $3 million from Silicon Valley firms Future Ventures and True Ventures. This investment will support the development of the company’s first commercial-scale lithium isotope enrichment process.
Currently, there is no commercial source of enriched lithium isotopes, and conventional enrichment methods are not suitable for industrial-scale production. Molten Salt Solutions addresses this demand with its enrichment process, paving the way for a sustainable isotope supply.
Molten Salt Solutions developed and demonstrated the company’s proprietary technology with SBIR funding from the National Science Foundation and in collaboration with Los Alamos National Laboratory. The company will use equity funding to refine its technologies and establish the first pilot production. These advancements will position Molten Salt Solutions as a primary supplier to the advanced nuclear and fusion sectors, facilitating commercial deployment of MSRs and fusion systems.
Space Tech Startup Xona Raises $19M Series A for its Cutting-Edge Satellite Navigation Service
Xona - a company developing a network of small satellites to provide high-precision navigation services - announced an oversubscribed $19 million Series A funding round led by Future Ventures and Seraphim Space. New investors NGP Capital, Industrious Ventures, Murata Electronics, Space Capital, and Aloniq also joined the round.
This funding will be used to accelerate the deployment of Xona’s low Earth orbit (LEO) satellite network as they drive towards commercialization. With this round Xona will begin beta operations of their PULSAR™ satellite service which is aimed at providing the robust precision guidance needed for intelligent and autonomous technologies to scale beyond highly structured environments.