Standard Nuclear Raises $140M to Expand U.S. Advanced Nuclear Fuel Manufacturing

1 minute read | February.05.2026

Standard Nuclear, a developer of advanced nuclear fuels, raised $140 million in a Series A round led by Decisive Point, with participation from Chevron Technology Ventures, StepStone Group, XTX Ventures, Welara, Fundomo, Andreessen Horowitz, Washington Harbour Partners and Crucible Capital, among new and existing investors.

Orrick advised Standard Nuclear.

THE COMPANY

Standard Nuclear is a U.S. company whose mission is to reliably deliver the essential building blocks of nuclear power at scale. The company is focused on the large-scale production of TRISO, an advanced nuclear fuel that is critical for the next generation of nuclear reactor designs.

THE IMPACT

The funding will allow the company to boost U.S. production of advanced of TRISO fuel, moving supply toward industrial scale.

“Standard Nuclear was founded with a focused mandate to secure and scale a domestic advanced nuclear fuel supply chain that the U.S. can rely on. With this financing, we are rapidly advancing to build the infrastructure needed to scale American nuclear,” said Thomas Hendrix, general partner at Decisive Point and executive chairman of Standard Nuclear.

THE TEAM

The Orrick team was led by Montana Ware and Josh Pollick with support by Rebecca Vastola, Julia Foley, Alexandra Aquilina-Piscitello and Christina Campisano.

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Montana Ware Partner, Technology Companies Group

Austin

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D:+1 512 582 6908
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Practice:

Technology & Innovation Sector
Technology Companies Group

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Montana Ware Partner

Austin

Montana primarily represents emerging growth companies, venture capital funds and other strategic investors in a wide array of corporate matters, including early and late-stage venture funding rounds, formation and corporate governance, securities issuances and mergers and acquisitions. Montana's practice spans commercial industries, with significant experience representing frontier technology companies and "dual use" companies such as those in the defense, nuclear and space industries.

Prior to practicing law, Montana served in the U.S. Air Force.

Select engagements Montana has advised on include:

Represented Stripe in its $6.5 billion Series I financing
Represented Radiant Nuclear in its $12.6 million Series A, $40 million Series B, $160 million Series C and $300+ million Series D financings
Represented Castelion in its $14.2 million Series Seed, $100 million Series A and $350 million Series B financings
Represented Firehawk Aerospace in its $60 million Series C financing
Represented Supabase in its $30 million Series A, $80 million Series B, $200 million Series C, $200 million Series D and $100 million Series E financing
Represented Speakeasy Labs ("Speak") in its Series A, Series B (and follow-on) and $78 million Series C financings
Represented Solugen in its $350 million Series C and $200 million Series D financings
Represented Zeno Power in its $45 million Series B financing
Represented Merama in its $225 million Series B and $80 million Series B follow-on financings and its $45 million Series C financing
Represented Next Insurance in its $250 million Series C financing, $250 million Series D financing and $250 million Series E financing
Represented Coatue Management in its investment in the $100 million Series B financing of Mercury Technologies
Represented D1 Capital Partners in its investment in the $450 million Series D financing of Anduril
Represented Inspire Semiconductor in its $2.5 million Series A financing and acquisition of Greenfield Acquisition (TSX:GAC.P), a publicly-traded SPAC, by way of a reverse merger
Represented Codecademy in its $525 million acquisition by SkillSoft (NYS: SKIL), a New Hampshire based provider of educational software
Represented Gym Class in its $8 million Series Seed financing and in collaborative licensing deal with the NBA
Represents Squadra Ventures, Decisive Point and other venture investors on defense and frontier technology investments

*Please note: Montana’s experience includes that prior to joining Orrick.

Josh Pollick Partner, Technology Companies Group, Mergers & Acquisitions

Santa Monica

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Practice:

Technology & Innovation Sector
Technology Companies Group
Mergers & Acquisitions
Fintech

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Josh Pollick Partner

Santa Monica

Josh represents high-growth technology companies and venture capital firms in many areas, including corporate and securities law, corporate formations, venture capital financings, mergers and acquisitions, public offerings, secondary offerings and SPAC transactions.

Josh was recognized as a Fintech Rising Star by Law360 for his work representing innovative companies such as Accrue, Crexi, Dave, Deel, Dub, Get Covered, Trullion and Stripe. He has been nationally recognized by Chambers and Partners USA and Legal500 for his work representing startups and venture capital funds.

Josh’s company-side representations also include high-growth AI and SaaS companies, such as Speak and Supabase, energy tech companies such as Radiant Nuclear and Zeno Power, and healthtech companies such as Grow Therapy, Pearl and Saferide Health.

In addition to his company-side representations, Josh has represented leading venture capital firms and other strategic investors, including Bonfire, Coatue, Darsana Capital, D1 Capital, Ground Up Ventures, Pathbreaker Ventures, Upfront Ventures and Wonder Ventures.

Josh has significant buy-side and sell-side M&A experience, including representing Deel in its acquisitions of CapBase, Legalpad, Hofy, Payspace, Roots, Zavvy and Zeitgold.