Phoenix, LLC is a Madison, Wisconsin-based company that designs and manufactures high-flux neutron generators. Its core products are neutron generators used for nondestructive testing and a range of nuclear applications. The company’s technology has been applied in aerospace, defense, medical and energy sectors to improve manufacturing efficiency and quality. Use cases cited include neutron radiography of aerospace components, nuclear fuel inspection, radiation effects testing, threat detection and medical isotope production. Phoenix is led by President Evan Sengbusch and has a history of government contracts to develop accelerator- and mobile-based neutron generator systems. The company is advancing demonstrations of neutron-based nondestructive testing under recent US Army funding. Phoenix (FKA Phoenix Nuclear Labs) is a Monona, Wis.-based developer commercializing a high-intensity neutron and proton source. The company closed on $12M in growth funding led by Deerfield Management Company, with participation from several Wisconsin-based investment firms. Phoenix intends to use the funds to accelerate its next stage of growth and to expand its product offerings across healthcare, nuclear and solar energy, semiconductor processing, industrial imaging, and defense. Its technology targets applications including neutron radiography, semiconductor processing, nuclear fuel manufacturing, explosives and nuclear material detection, and medical isotope production. The firm is led by President Ross Radel. At the time of the report Phoenix had 56 employees and planned to add approximately 30 additional employees through the end of 2018.

Total raised

$16M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2019