Standard Nuclear emerges from the ashes of a failed startup

Standard Nuclear emerged from stealth Wednesday with $42 million in funding to make advanced nuclear fuel.

Except Standard Nuclear isn’t an entirely new company. Rather, it’s built on assets purchased at auction following the bankruptcy of the Ultra Safe Nuclear Corporation (USNC) for $28 million. The new company’s CEO, Kurt Terrani, served as vice president at USNC.

The funding round was led by Decisive Point with participation from Andreessen Horowitz, Crucible Capital, Fundomo, and Washington Harbour Partners.

Standard Nuclear says…