Phoenix Nuclear Labs LLC, a Madison maker of particle acceleration and neutron generation systems, has raised $790,000 of a planned $1.5 million of debt financing, according to a filing with federal securities regulators.
Phoenix raised the money from seven investors, the filing said. This brings to nearly $4 million the amount of outside funding the company has raised, according to www.formds.com.
Phoenix has about 35 employees, and its customers include companies in the neutron radiography and materials processing industries, said Scott Christensen, director of sales. It also has contracts with the U.S. government in areas like the study of explosive detection, he said.
Read more at Milwaukee Journal Sentinel.