Financial Services

TerraPower raises $35 million

By Seattle Business Magazine June 15, 2010

According to a press release, TerraPower LLC, the Bellevue-based company featured in last months issue, just raised $35 million in funding according to a press release posted today. The money comes from Charles River Ventures and Khosla Ventures, as well as long-time supporters Bill Gates and Nathan Myhrvold.

TerraPower is a spinoff of Myhrvolds Intellectual Ventures, a consortium of inventors that, among other things, is trying to wipe out malaria by blasting mosquitoes out of the air with lasers. TerraPowers invention is a nuclear reactor that runs off depleted uranium, a waste byproduct of conventional nuclear reactors.

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