Atomic Alchemy

Acquired

We produce cancer-curing materials used in nuclear medicine.

Idaho Falls, United States · Founded 2018

Headquarters
Idaho Falls
Employees
1–10
Founded
2018
Last Round
SeedJan 2019
Rounds
1
Acquisition Date
Oct 2024

About

Atomic Alchemy is building a bank of reactors to produce the nuclear material that goes into nuclear medicine. Radiopharmaceuticals are vitally important in biological tracers, diagnostic imaging, and cancer treatments. Currently, the world's supply of Molybdenum-99, the cornerstone of 80% of all nuclear medicine procedures, is sourced from just six government-run, scientific research reactors abroad. Five of these reactors are 45-65 years old and are quickly coming to the end of their operational life. This has cultivated a fragile and lengthy supply chain, at odds with the nature of radioactive material. This issue and its implications do not just effect molybdenum, but any other reactor-based isotope. Many promising cancer therapies are stuck in clinical trials, unable to secure enough material in a timely manner. Research doesn’t even happen because of the difficulty of sourcing any new isotopes. It doesn't have to be this way. Atomic Alchemy is working to solve this by building the world's first scalable radioisotope production facility. This facility will contain the world’s first privately-owned nuclear reactors dedicated to radioisotope production.

Summary

Atomic Alchemy is a Deep Tech company based in Idaho Falls, United States, founded in 2018. Its most recent funding was a Seed round in Jan 2019. Investors include 8090 Industries, Asymmetry Ventures and Atypical Ventures.

Tech & App Stack

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Funding & Exit History

AcquisitionOct 2024

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Funding: Seed. Amounts, valuations, and investors where available.

Investors

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