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Standard Nuclear emerges from the ashes of a failed startup


Standard Nuclear was the winning bidder for Ultra Safe Nuclear Corporation's fuel-related assets at a bankruptcy auction.

Rather, it’s built on assets purchased at auction following the bankruptcy of the Ultra Safe Nuclear Corporation (USNC) for $28 million. The funding round was led by Decisive Point with participation from Andreessen Horowitz, Crucible Capital, Fundomo, and Washington Harbour Partners. His wife was apparently a spy, too: “While lying to their children and pretending to have routine office jobs, Richard and Teresa together pursued their international clandestine careers,” his obituary said; he died in May 2024.

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