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SHINE Technologies

Pharmaceuticals · Janesville, WI · Founded 2010 · Privately Held (backing)

Developer of fusion-based technology solutions that produce neutron sources for industrial imaging applications, including neutron radiography, radiation-effects testing, and fusion material… SHINE Technologies is based in Janesville, WI and was founded in 2010. Its last reported valuation was $368 million in Jun 2019. It has raised $1 billion across 2 recorded rounds; the latest was a $138 million growth round in Oct 2023.

Last reported valuation
$368.1M
Oct 2026
Priced at
—
Total raised
$1.0B
Last round
PE Growth/Expansion
Oct 2023

SHINE Technologies key facts

as of Oct 2026
  • Developer of fusion-based technology solutions that produce neutron sources for industrial imaging applications, including neutron radiography, radiation-effects testing, and fusion material…
  • SHINE Technologies is valued at approximately $368.1M as of Oct 2026 (last reported valuation).
  • It has raised $1.0B across 2 recorded rounds; the latest was PE Growth/Expansion ($138.4M) in Oct 2023.
  • Notable investors include Alumni Ventures, Fidelity Management & Research Company, U.S. Department of Energy, Baillie Gifford, Koch Disruptive Technologies — 24 tracked in total.
  • Status: Privately Held (backing).
Last reported valuation
LOW confidence
$368.1M

SHINE Technologies's last reported valuation, Jun 2019. Nothing priced has surfaced since.

set by last reported valuationas of Oct 2026question about this number?
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SHINE Technologies funding rounds

2 rounds
Oct 2023PE Growth/Expansion$138.4M▮
Jun 2021PE Growth/Expansion$150.0M▮
Full funding history →

SHINE Technologies valuation

SHINE Technologies's last reported valuation was $368 million in Jun 2019. No priced round, secondary trade or fund mark has surfaced since.

How much has SHINE Technologies raised?

SHINE Technologies has raised $1 billion in total; 2 of its rounds are on record. The largest on record was a $150 million growth round in Jun 2021; the most recent was a $138 million growth round in Oct 2023.

SHINE Technologies investors

24 investors are on record for SHINE Technologies, including Alumni Ventures, Fidelity Management & Research Company, U.S. Department of Energy and Baillie Gifford. By type, the record holds 4 venture capital firms and 2 asset managers. The growth round in Oct 2023 drew 1 investor.

About SHINE Technologies

Developer of fusion-based technology solutions that produce neutron sources for industrial imaging applications, including neutron radiography, radiation-effects testing, and fusion material research, and is developing technology for nuclear waste recycling. The company produces medical isotopes using fusion-based neutron sources and manufactures medical isotopes, including lutetium-177, for diagnostic and therapeutic applications.

Industry
Pharmaceuticals
Sector
Healthcare
HQ
Janesville, WI, United States
Founded
2010
Employees
400
Ownership
Privately Held (backing)

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