Kairos CEO says the firm lined up $643 million for Tennessee

Bloomberg reported on October 14 that Kairos Chief Executive Mike Laufer said the company had lined up $643 million for its Tennessee demonstration reactor. He described $368 million from private backers, including Google Ventures, and $275 million in Energy Department financing, with the private sum including $70 million from a Samsung C&T partnership announced the prior month. Kairos had not posted its own release, and Bloomberg did not report a valuation.