Feb 18, 2025, 10:10 ET
The funding will be used to further the development of ‘Gordian,’ an AI platform that helps nuclear operators & developers manage regulatory complexity with confidence and save thousands of hours and millions of dollars, unlocking the path to revenue and rapid deployments.
NEW YORK, Feb. 18, 2025 /PRNewswire/ — Everstar, a pioneer in AI-powered compliance solutions for nuclear energy and industrial operations, today announced the successful close of its $4M pre-seed funding round. The round was led by Third Prime VC, with participation from Pelican Energy Partners and EXCEL Services, Virta Ventures, Generational Partners, Page One Ventures, and a distinguished group of angel investors with expertise spanning artificial intelligence, energy, aerospace, and defense.
The funding will fuel the expansion of Gordian, Everstar’s flagship AI platform, revolutionizing nuclear licensing and regulatory compliance. By combining advanced artificial intelligence with deep industry expertise, Gordian accelerates the regulatory process while maintaining important safety standards. Key priorities include assembling a world-class team, enhancing the compliance AI engine and hardware integrations, and establishing strategic partnerships to modernize operations. These initiatives align directly with Everstar’s mission to accelerate the deployment of nuclear energy infrastructure, critical for both AI advancement and meeting global decarbonization goals.
Through its landmark partnership with EXCEL Services Corporation, the global leader in nuclear regulatory consulting, Everstar is developing an AI system that leverages EXCEL’s unparalleled network of regulatory specialists and data archives. This collaboration allows Everstar to deliver the industry’s most robust and efficient compliance solutions. Everstar is also working closely with the Nuclear Regulatory Commission, Department of Energy, and Department of Defense to proactively engage with regulators on behalf of its customers.
“This investment represents more than capital – it’s a mandate to address some of the most complex challenges facing the industry and transform how we deploy nuclear energy. We don’t have time for business as usual,” said Kevin Kong, founder and CEO of Everstar. “We’re facing unprecedented growth in energy demand driven by AI and electrification, yet the deployment of new nuclear projects remains bottlenecked by outdated regulatory processes. With the support of our strategic investors, Everstar can break through these barriers to accelerate the path to energy abundance. Our mission isn’t just about compliance – it’s about enabling the rapid and safe deployment of nuclear power.”
Everstar’s platform slashes regulatory timelines and cost pressures while setting new standards for safety and compliance transparency. This fosters a stronger collaboration between regulators and industry players, ensuring long-term reliability, safety, and more attractive economics. Its technology enables nuclear operators and developers to rapidly scale clean energy production to meet soaring demand – particularly from AI data centers and semiconductor fabs that require massive amounts of reliable, carbon-free power. This acceleration is critical as these facilities’ energy consumption continues to grow exponentially, representing investments of $2 trillion in data centers and $4 trillion in nuclear power builds.
“Everstar is uniquely positioned at the intersection of AI and the Nuclear Renaissance,” said Mike Kim, General Partner at Third Prime. “The team’s unmatched expertise and commitment to tackling the industry’s most pressing compliance and supply chain challenges make them an indispensable partner in driving the future of AI power infrastructure and sustainable energy.”
“We are thrilled to be building a world-class nuclear product with Everstar’s mission-driven team that the entire industry needs now,” said Donald Hoffman, CEO of EXCEL Services. “Together, we will offer utility, government, and industrial customers more accessible and seamless strategic guidance and documentation, all powered by the scale and intelligence of Everstar’s AI platform.”
Beyond compliance AI, Everstar has an extensive roadmap of AI-powered solutions to address the deeper layers of critical bottlenecks. As the global nuclear energy industry experiences a resurgence, fueled by increasing demand for reliable and sustainable power, Everstar aims to lay the groundwork for a thriving nuclear ecosystem and usher in an era of abundant power and a sustainable planet.
About Everstar
Everstar is a New York-based technology company on a mission to engineer energy abundance. Its advanced artificial intelligence products aim to solve critical bottlenecks that hinder the rapid and economic deployment of critical infrastructure. Its flagship platform, Gordian, combines cutting-edge AI with deep industry expertise to simplify licensing, reduce compliance costs, improve operational efficiency, and foster collaboration between regulators and operators. With a focus on scalability, safety, and efficiency, Everstar is at the forefront of modernizing energy infrastructure for a more resilient and sustainable future.
For more information, visit www.everstar.ai
Media Contact
Kevin Kong
CEO, Everstar
[email protected]
SOURCE Everstar