SHINE Technologies valuation, funding and investors
SHINE Technologies works in fusion energy system development, based in Janesville, United States. Founded in 2010, it has about 359 employees.
Janesville Growth Equity
VALUATION · TODAY
$2.54B +1% after Growth
Range $1.70B – $3.74B · Grade BTODAY
+12 MO
$1.00B
$2.00B
$3.00B
$4.00B
2011
2013
2015
2017
2019
2021
2023
2025
2027
Series B $30.0M
Growth $50.0M
Series C $80.0M
Growth $70.0M
Growth $240M
ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then
HEADCOUNT · TODAY359 employees
+9%6m growth
+33%1y growth
+44%2y growth
200
400
Data from Jan 2023
Predicted in 1 yr $2.58B +1% vs today
Predicted next raise $239M if a round comes
Winding-down probability 9%
- Last round
- Growth · $240M · Feb 2026
- Valuation at last round
- $2.37B · implied
- Headcount
- 359 · up
- Grade
- B
- Founded
- 2010
SHINE Technologies valuation today
VCMC values SHINE Technologies at $2.5B today, with a range of $1.7B to $3.7B and a grade of B. The valuation starts from its last funding round, a growth round in Feb 2026.
Valuation by date (208 rows)
Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.
| Date | Valuation | Range | Predicted in 1 yr | Phase | Headcount | Trend | Grade | Winding-down probability |
|---|---|---|---|---|---|---|---|---|
| 1 Jan 2010 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Feb 2010 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Mar 2010 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Apr 2010 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 May 2010 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Jun 2010 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Jul 2010 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Aug 2010 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Sep 2010 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Oct 2010 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Nov 2010 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Dec 2010 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Jan 2011 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Feb 2011 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Mar 2011 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Apr 2011 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 May 2011 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Jun 2011 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Jul 2011 | $4.67M | $1.70M – $12.8M | $4.67M (0%) | before first round | – | unknown | D | 0% |
| 1 Aug 2011 | $4.67M | $1.70M – $12.8M | $4.69M (0%) | before first round | – | unknown | D | 0% |
| 1 Sep 2011 | $4.67M | $1.70M – $12.8M | $4.71M (+1%) | before first round | – | unknown | D | 0% |
| 1 Oct 2011 | $4.67M | $1.70M – $12.8M | $4.73M (+1%) | before first round | – | unknown | D | 0% |
| 1 Nov 2011 | $4.67M | $1.70M – $12.8M | $4.75M (+2%) | before first round | – | unknown | D | 0% |
| 1 Dec 2011 | $4.67M | $1.70M – $12.8M | $4.77M (+2%) | before first round | – | unknown | D | 0% |
| 1 Jan 2012 | $4.67M | $1.70M – $12.8M | $4.78M (+2%) | before first round | – | unknown | D | 0% |
| 1 Feb 2012 | $4.67M | $1.70M – $12.8M | $4.80M (+3%) | before first round | – | unknown | D | 0% |
| 1 Mar 2012 | $4.67M | $1.70M – $12.8M | $4.82M (+3%) | before first round | – | unknown | D | 0% |
| 1 Apr 2012 | $4.67M | $1.70M – $12.8M | $4.84M (+4%) | before first round | – | unknown | D | 0% |
| 1 May 2012 | $4.67M | $1.70M – $12.8M | $4.86M (+4%) | before first round | – | unknown | D | 0% |
| 1 Jun 2012 | $4.67M | $1.70M – $12.8M | $4.88M (+4%) | before first round | – | unknown | D | 0% |
| 1 Jul 2012 | $4.67M | $1.70M – $12.8M | $4.90M (+5%) | before first round | – | unknown | D | 0% |
| 1 Aug 2012 | $4.69M | $1.71M – $12.9M | $4.92M (+5%) | before first round | – | unknown | D | 0% |
| 1 Sep 2012 | $4.71M | $1.71M – $12.9M | $4.94M (+5%) | before first round | – | unknown | D | 0% |
| 1 Oct 2012 | $4.73M | $1.72M – $13.0M | $4.96M (+5%) | before first round | – | unknown | D | 0% |
| 1 Nov 2012 | $4.75M | $1.73M – $13.0M | $4.98M (+5%) | before first round | – | unknown | D | 0% |
| 1 Dec 2012 | $4.77M | $1.74M – $13.1M | $4.99M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jan 2013 | $4.78M | $1.74M – $13.1M | $5.01M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2013 | $4.80M | $1.75M – $13.2M | $5.03M (+5%) | before first round | – | unknown | D | 0% |
| 1 Mar 2013 | $4.82M | $1.75M – $13.2M | $5.05M (+5%) | before first round | – | unknown | D | 0% |
| 1 Apr 2013 | $4.84M | $1.76M – $13.3M | $5.07M (+5%) | before first round | – | unknown | D | 0% |
| 1 May 2013 | $4.86M | $1.77M – $13.3M | $5.09M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jun 2013 | $4.88M | $1.78M – $13.4M | $5.11M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jul 2013 | $4.90M | $1.78M – $13.5M | $5.13M (+5%) | before first round | – | unknown | D | 0% |
| 1 Aug 2013 | $4.92M | $1.79M – $13.5M | $5.15M (+5%) | before first round | – | unknown | D | 0% |
| 1 Sep 2013 | $4.94M | $1.80M – $13.6M | $5.17M (+5%) | before first round | – | unknown | D | 0% |
| 1 Oct 2013 | $4.95M | $1.80M – $13.6M | $5.19M (+5%) | before first round | – | unknown | D | 0% |
| 1 Nov 2013 | $4.97M | $1.81M – $13.7M | $5.21M (+5%) | before first round | – | unknown | D | 0% |
| 1 Dec 2013 | $4.99M | $1.82M – $13.7M | $5.23M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jan 2014 | $5.01M | $1.83M – $13.8M | $5.25M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2014 | $5.03M | $1.83M – $13.8M | $5.28M (+5%) | before first round | – | unknown | D | 0% |
| 1 Mar 2014 | $5.05M | $1.84M – $13.9M | $5.29M (+5%) | before first round | – | unknown | D | 0% |
| 1 Apr 2014 | $5.07M | $1.85M – $13.9M | $5.32M (+5%) | before first round | – | unknown | D | 0% |
| 1 May 2014 | $5.09M | $1.85M – $14.0M | $5.34M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jun 2014 | $5.11M | $1.86M – $14.0M | $5.36M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jul 2014 | $5.13M | $1.87M – $14.1M | $5.38M (+5%) | before first round | – | unknown | D | 0% |
| 1 Aug 2014 | $5.15M | $1.88M – $14.2M | $5.40M (+5%) | before first round | – | unknown | D | 0% |
| 1 Sep 2014 | $5.17M | $1.88M – $14.2M | $5.42M (+5%) | before first round | – | unknown | D | 0% |
| 1 Oct 2014 | $5.19M | $1.89M – $14.3M | $5.44M (+5%) | before first round | – | unknown | D | 0% |
| 1 Nov 2014 | $5.21M | $1.90M – $14.3M | $5.46M (+5%) | before first round | – | unknown | D | 0% |
| 1 Dec 2014 | $5.23M | $1.91M – $14.4M | $5.48M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jan 2015 | $5.25M | $1.91M – $14.4M | $5.51M (+5%) | before first round | – | unknown | D | 0% |
| 1 Feb 2015 | $5.28M | $1.92M – $14.5M | $5.53M (+5%) | before first round | – | unknown | D | 0% |
| 1 Mar 2015 | $5.29M | $1.93M – $14.5M | $5.55M (+5%) | before first round | – | unknown | D | 0% |
| 1 Apr 2015 | $5.32M | $1.93M – $14.6M | $5.57M (+5%) | before first round | – | unknown | D | 0% |
| 1 May 2015 | $5.34M | $1.94M – $14.7M | $5.59M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jun 2015 | $5.36M | $1.95M – $14.7M | $5.61M (+5%) | before first round | – | unknown | D | 0% |
| 1 Jul 2015 | $5.38M | $1.96M – $14.8M | $5.64M (+5%) | before first round | – | unknown | D | 0% |
| 1 Aug 2015 | $5.40M | $1.97M – $14.8M | $5.78M (+7%) | before first round | – | unknown | D | 0% |
| 1 Sep 2015 | $5.42M | $1.97M – $14.9M | $5.94M (+10%) | before first round | – | unknown | D | 0% |
| 1 Oct 2015 | $5.44M | $1.98M – $14.9M | $6.09M (+12%) | before first round | – | unknown | D | 0% |
| 1 Nov 2015 | $5.46M | $1.99M – $15.0M | $6.26M (+15%) | before first round | – | unknown | D | 0% |
| 1 Dec 2015 | $5.48M | $2.00M – $15.1M | $6.42M (+17%) | before first round | – | unknown | D | 0% |
| 1 Jan 2016 | $5.51M | $2.00M – $15.1M | $6.60M (+20%) | before first round | – | unknown | D | 0% |
| 1 Feb 2016 | $5.53M | $2.01M – $15.2M | $6.78M (+23%) | before first round | – | unknown | D | 0% |
| 1 Mar 2016 | $5.55M | $2.02M – $15.2M | $6.95M (+25%) | before first round | – | unknown | D | 0% |
| 1 Apr 2016 | $5.57M | $2.03M – $15.3M | $7.14M (+28%) | before first round | – | unknown | D | 0% |
| 1 May 2016 | $5.59M | $2.04M – $15.4M | $7.33M (+31%) | before first round | – | unknown | D | 0% |
| 1 Jun 2016 | $5.61M | $2.04M – $15.4M | $7.53M (+34%) | before first round | – | unknown | D | 0% |
| 1 Jul 2016 | $5.64M | $2.05M – $15.5M | $7.72M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2016 | $5.79M | $2.11M – $15.9M | $7.93M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2016 | $5.94M | $2.16M – $16.3M | $8.15M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2016 | $6.10M | $2.22M – $16.8M | $8.36M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2016 | $6.26M | $2.28M – $17.2M | $8.59M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2016 | $6.43M | $2.34M – $17.7M | $8.81M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2017 | $6.60M | $2.40M – $18.1M | $9.05M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2017 | $6.78M | $2.47M – $18.6M | $9.29M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2017 | $6.94M | $2.53M – $19.1M | $9.52M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2017 | $7.13M | $2.60M – $19.6M | $9.78M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2017 | $7.32M | $2.67M – $20.1M | $10.0M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2017 | $7.52M | $2.74M – $20.7M | $10.3M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2017 | $7.72M | $2.81M – $21.2M | $10.6M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2017 | $7.93M | $2.89M – $21.8M | $10.9M (+37%) | before first round | – | unknown | D | 0% |
| 1 Sep 2017 | $8.14M | $2.96M – $22.4M | $11.2M (+37%) | before first round | – | unknown | D | 0% |
| 1 Oct 2017 | $8.36M | $3.04M – $23.0M | $11.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Nov 2017 | $8.58M | $3.12M – $23.6M | $11.8M (+37%) | before first round | – | unknown | D | 0% |
| 1 Dec 2017 | $8.81M | $3.21M – $24.2M | $12.1M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jan 2018 | $9.05M | $3.29M – $24.9M | $12.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 Feb 2018 | $9.29M | $3.38M – $25.5M | $12.7M (+37%) | before first round | – | unknown | D | 0% |
| 1 Mar 2018 | $9.52M | $3.47M – $26.2M | $13.1M (+37%) | before first round | – | unknown | D | 0% |
| 1 Apr 2018 | $9.78M | $3.56M – $26.9M | $13.4M (+37%) | before first round | – | unknown | D | 0% |
| 1 May 2018 | $10.0M | $3.65M – $27.6M | $13.8M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jun 2018 | $10.3M | $3.75M – $28.3M | $14.1M (+37%) | before first round | – | unknown | D | 0% |
| 1 Jul 2018 | $10.6M | $3.85M – $29.1M | $14.5M (+37%) | before first round | – | unknown | D | 0% |
| 1 Aug 2018 | $10.9M | $3.96M – $29.9M | $14.7M (+35%) | before first round | – | unknown | D | 0% |
| 1 Sep 2018 | $11.2M | $4.06M – $30.7M | $14.8M (+32%) | before first round | – | unknown | D | 0% |
| 1 Oct 2018 | $11.5M | $4.17M – $31.5M | $14.9M (+30%) | before first round | – | unknown | D | 0% |
| 1 Nov 2018 | $11.8M | $4.28M – $32.3M | $15.1M (+28%) | before first round | – | unknown | D | 0% |
| 28 Nov 2018 | $215M | $141M – $489M | $321M (+50%) | after a round | – | unknown | C | 0% |
| 1 Dec 2018 | $215M | $141M – $489M | $321M (+49%) | after a round | – | unknown | C | 0% |
| 1 Jan 2019 | $223M | $141M – $489M | $321M (+44%) | after a round | – | unknown | C | 0% |
| 1 Feb 2019 | $231M | $141M – $489M | $321M (+39%) | after a round | – | unknown | C | 0% |
| 1 Mar 2019 | $238M | $141M – $489M | $321M (+35%) | after a round | – | unknown | C | 0% |
| 1 Apr 2019 | $246M | $141M – $489M | $321M (+31%) | after a round | – | unknown | C | 0% |
| 1 May 2019 | $255M | $141M – $489M | $321M (+26%) | after a round | – | unknown | C | 0% |
| 1 Jun 2019 | $263M | $141M – $489M | $321M (+22%) | after a round | – | unknown | C | 0% |
| 1 Jul 2019 | $272M | $141M – $489M | $321M (+18%) | after a round | – | unknown | C | 0% |
| 1 Aug 2019 | $282M | $141M – $489M | $321M (+14%) | after a round | – | unknown | C | 0% |
| 1 Sep 2019 | $292M | $141M – $489M | $321M (+10%) | after a round | – | unknown | C | 0% |
| 1 Oct 2019 | $302M | $141M – $489M | $321M (+7%) | after a round | – | unknown | C | 0% |
| 8 Oct 2019 | $446M | $314M – $696M | $491M (+10%) | after a round | – | unknown | B | 0% |
| 1 Nov 2019 | $449M | $314M – $696M | $491M (+9%) | after a round | – | unknown | B | 0% |
| 1 Dec 2019 | $452M | $314M – $696M | $491M (+8%) | after a round | – | unknown | B | 0% |
| 1 Jan 2020 | $456M | $314M – $696M | $491M (+8%) | after a round | – | unknown | B | 0% |
| 1 Feb 2020 | $460M | $314M – $696M | $491M (+7%) | after a round | – | unknown | B | 0% |
| 1 Mar 2020 | $463M | $314M – $696M | $491M (+6%) | after a round | – | unknown | B | 0% |
| 1 Apr 2020 | $467M | $314M – $696M | $491M (+5%) | after a round | – | unknown | B | 0% |
| 1 May 2020 | $471M | $314M – $696M | $491M (+4%) | after a round | – | unknown | B | 0% |
| 1 Jun 2020 | $475M | $314M – $696M | $491M (+3%) | after a round | – | unknown | B | 0% |
| 1 Jul 2020 | $478M | $314M – $696M | $491M (+3%) | after a round | – | unknown | B | 0% |
| 1 Aug 2020 | $482M | $314M – $696M | $491M (+2%) | after a round | – | unknown | B | 0% |
| 1 Sep 2020 | $486M | $314M – $696M | $491M (+1%) | after a round | – | unknown | B | 0% |
| 3 Sep 2020 | $690M | $486M – $1.3B | $896M (+30%) | after a round | – | unknown | B | 0% |
| 1 Oct 2020 | $704M | $486M – $1.3B | $896M (+27%) | after a round | – | unknown | B | 0% |
| 1 Nov 2020 | $720M | $486M – $1.3B | $896M (+25%) | after a round | – | unknown | B | 0% |
| 1 Dec 2020 | $736M | $486M – $1.3B | $896M (+22%) | after a round | – | unknown | B | 0% |
| 1 Jan 2021 | $752M | $486M – $1.3B | $896M (+19%) | after a round | – | unknown | B | 0% |
| 1 Feb 2021 | $769M | $486M – $1.3B | $896M (+17%) | after a round | – | unknown | B | 0% |
| 1 Mar 2021 | $785M | $486M – $1.3B | $896M (+14%) | after a round | – | unknown | B | 0% |
| 1 Apr 2021 | $802M | $486M – $1.3B | $896M (+12%) | after a round | – | unknown | B | 0% |
| 1 May 2021 | $820M | $486M – $1.3B | $896M (+9%) | after a round | – | unknown | B | 0% |
| 1 Jun 2021 | $838M | $486M – $1.3B | $896M (+7%) | after a round | – | unknown | B | 0% |
| 1 Jul 2021 | $857M | $486M – $1.3B | $896M (+5%) | after a round | – | unknown | B | 0% |
| 1 Aug 2021 | $876M | $486M – $1.3B | $896M (+2%) | after a round | – | unknown | B | 0% |
| 1 Sep 2021 | $896M | $486M – $1.3B | $896M (0%) | after a round | – | unknown | B | 0% |
| 1 Oct 2021 | $896M | $465M – $1.3B | $896M (0%) | after a round | – | unknown | B | 0% |
| 1 Nov 2021 | $896M | $444M – $1.3B | $896M (0%) | after a round | – | unknown | B | 0% |
| 1 Dec 2021 | $896M | $425M – $1.3B | $896M (0%) | after a round | – | unknown | B | 0% |
| 1 Jan 2022 | $896M | $406M – $1.3B | $896M (0%) | after a round | – | unknown | B | 0% |
| 1 Feb 2022 | $896M | $387M – $1.3B | $896M (0%) | after a round | – | unknown | B | 0% |
| 1 Mar 2022 | $896M | $371M – $1.3B | $896M (0%) | after a round | – | unknown | C | 0% |
| 1 Apr 2022 | $896M | $354M – $1.3B | $896M (0%) | after a round | – | unknown | C | 0% |
| 1 May 2022 | $896M | $339M – $1.3B | $896M (0%) | after a round | – | unknown | C | 0% |
| 1 Jun 2022 | $896M | $324M – $1.3B | $896M (0%) | after a round | – | unknown | C | 0% |
| 1 Jul 2022 | $896M | $309M – $1.3B | $896M (0%) | after a round | – | unknown | C | 0% |
| 1 Aug 2022 | $896M | $295M – $1.3B | $896M (0%) | after a round | – | unknown | C | 0% |
| 1 Sep 2022 | $896M | $282M – $1.3B | $896M (0%) | after a round | – | unknown | C | 0% |
| 1 Oct 2022 | $896M | $254M – $1.3B | $896M (0%) | after a round | – | unknown | C | 0% |
| 1 Nov 2022 | $896M | $242M – $1.3B | $896M (0%) | after a round | – | unknown | C | 0% |
| 1 Dec 2022 | $896M | $230M – $1.3B | $896M (0%) | after a round | – | unknown | C | 0% |
| 1 Jan 2023 | $896M | $219M – $1.3B | $896M (0%) | after a round | 300 | unknown | C | 0% |
| 1 Feb 2023 | $896M | $208M – $1.3B | $896M (0%) | after a round | 300 | unknown | C | 0% |
| 1 Mar 2023 | $896M | $199M – $1.3B | $896M (0%) | after a round | 300 | unknown | C | 0% |
| 1 Apr 2023 | $896M | $189M – $1.3B | $896M (0%) | after a round | 300 | unknown | C | 0% |
| 1 May 2023 | $896M | $180M – $1.3B | $896M (0%) | after a round | 300 | unknown | C | 0% |
| 1 Jun 2023 | $896M | $171M – $1.3B | $896M (0%) | after a round | 300 | unknown | D | 0% |
| 1 Jul 2023 | $896M | $163M – $1.3B | $896M (0%) | after a round | 300 | unknown | D | 0% |
| 1 Aug 2023 | $896M | $154M – $1.3B | $896M (0%) | after a round | 300 | unknown | D | 0% |
| 1 Sep 2023 | $896M | $147M – $1.3B | $896M (0%) | after a round | 300 | unknown | D | 0% |
| 1 Oct 2023 | $528M | $140M – $1.3B | $392M (-26%) | after a round | 270 | down | D | 53% |
| 12 Oct 2023 | $778M | $511M – $1.2B | $813M (+5%) | after a round | 270 | down | B | 53% |
| 1 Nov 2023 | $780M | $511M – $1.2B | $805M (+3%) | after a round | 270 | down | B | 53% |
| 1 Dec 2023 | $783M | $511M – $1.2B | $793M (+1%) | after a round | 270 | down | B | 53% |
| 1 Jan 2024 | $786M | $511M – $1.2B | $780M (-1%) | after a round | 270 | down | B | 53% |
| 1 Feb 2024 | $779M | $507M – $1.2B | $731M (-6%) | after a round | 260 | down | B | 72% |
| 1 Mar 2024 | $770M | $502M – $1.2B | $689M (-10%) | after a round | 250 | down | B | 85% |
| 1 Apr 2024 | $771M | $502M – $1.2B | $672M (-13%) | after a round | 250 | down | B | 85% |
| 1 May 2024 | $772M | $502M – $1.2B | $655M (-15%) | after a round | 250 | down | B | 85% |
| 1 Jun 2024 | $772M | $502M – $1.2B | $639M (-17%) | after a round | 250 | down | B | 85% |
| 1 Jul 2024 | $773M | $502M – $1.2B | $623M (-19%) | after a round | 250 | down | B | 85% |
| 1 Aug 2024 | $778M | $502M – $1.2B | $623M (-20%) | after a round | 250 | flat | B | 78% |
| 1 Sep 2024 | $784M | $502M – $1.2B | $625M (-20%) | after a round | 250 | flat | B | 72% |
| 1 Oct 2024 | $789M | $502M – $1.2B | $627M (-21%) | after a round | 250 | flat | B | 66% |
| 1 Nov 2024 | $784M | $485M – $1.2B | $616M (-21%) | after a round | 250 | flat | B | 61% |
| 1 Dec 2024 | $775M | $462M – $1.2B | $620M (-20%) | after a round | 250 | flat | B | 56% |
| 1 Jan 2025 | $768M | $439M – $1.2B | $624M (-19%) | after a round | 250 | flat | B | 52% |
| 1 Feb 2025 | $763M | $417M – $1.2B | $629M (-17%) | after a round | 250 | flat | B | 47% |
| 1 Mar 2025 | $760M | $398M – $1.2B | $636M (-16%) | after a round | 250 | flat | B | 44% |
| 1 Apr 2025 | $755M | $378M – $1.2B | $638M (-15%) | after a round | 250 | flat | B | 41% |
| 1 May 2025 | $753M | $360M – $1.2B | $645M (-14%) | after a round | 250 | flat | C | 38% |
| 1 Jun 2025 | $752M | $342M – $1.3B | $651M (-13%) | after a round | 250 | flat | C | 35% |
| 1 Jul 2025 | $771M | $334M – $1.3B | $674M (-13%) | after a round | 280 | flat | C | 32% |
| 1 Aug 2025 | $769M | $317M – $1.3B | $679M (-12%) | after a round | 277 | flat | C | 29% |
| 1 Sep 2025 | $765M | $299M – $1.3B | $682M (-11%) | after a round | 270 | flat | C | 27% |
| 1 Oct 2025 | $675M | $285M – $1.3B | $536M (-21%) | after a round | 270 | flat | C | 54% |
| 1 Nov 2025 | $667M | $272M – $1.3B | $521M (-22%) | after a round | 274 | flat | C | 49% |
| 1 Dec 2025 | $671M | $259M – $1.3B | $530M (-21%) | after a round | 274 | flat | C | 45% |
| 1 Jan 2026 | $674M | $246M – $1.3B | $539M (-20%) | after a round | 274 | flat | C | 42% |
| 1 Feb 2026 | $679M | $234M – $1.3B | $547M (-19%) | after a round | 274 | flat | C | 38% |
| 27 Feb 2026 | $2.4B | $1.7B – $3.6B | $2.6B (+8%) | after a round | 274 | flat | B | 17% |
| 1 Mar 2026 | $2.4B | $1.7B – $3.6B | $2.6B (+8%) | after a round | 274 | flat | B | 17% |
| 1 Apr 2026 | $2.4B | $1.7B – $3.6B | $2.6B (+7%) | after a round | 329 | up | B | 16% |
| 1 May 2026 | $2.4B | $1.7B – $3.7B | $2.6B (+6%) | after a round | 332 | up | B | 14% |
| 1 Jun 2026 | $2.4B | $1.7B – $3.7B | $2.6B (+5%) | after a round | 337 | up | B | 13% |
| 1 Jul 2026 | $2.4B | $1.7B – $3.7B | $2.6B (+4%) | after a round | 337 | up | B | 12% |
| 1 Aug 2026 | $2.5B | $1.7B – $3.7B | $2.6B (+3%) | after a round | 337 | up | B | 11% |
| 1 Sep 2026 | $2.5B | $1.7B – $3.7B | $2.5B (+3%) | after a round | 337 | up | B | 10% |
| 1 Oct 2026 | $2.5B | $1.7B – $3.7B | $2.6B (+2%) | after a round | 359 | up | B | 9% |
| 24 Oct 2026 | $2.5B | $1.7B – $3.7B | $2.6B (+1%) | after a round | 359 | up | B | 9% |
Key facts about SHINE Technologies
- Founded
- 2010
- Headquarters
- Janesville, United States
- Employees
- about 359 +33% in a year
- Total raised
- $470M
- Funding rounds
- 5
- Last round
- Growth Equity Feb 2026
SHINE Technologies was founded in 2010 by Greg Piefer.
SHINE Technologies funding history
SHINE Technologies has 5 funding rounds on record, from Nov 2018 to Feb 2026, $470M in total. None disclosed a valuation.
Growth Equity 26 Feb 2026
Led by NantWorks; with Fidelity Management & Research Company, Sumitomo Corporation of Americas, Pelican Energy Partners, Deerfield, Oaktree Capital.
Sources: shinefusion.com, prnewswire.com, fusionenergybase.com and 2 more
$240M
Growth Equity 11 Oct 2023
Led by Baillie Gifford, Fidelity Management & Research Company.
Sources: shinefusion.com, prnewswire.com, fusionxinvest.com and 1 more
$70M
Series C 2 Sep 2020
Led by Fidelity Management and Research Company LLC.
Sources: finsmes.com, shinefusion.com, fusionxinvest.com and 1 more
$80M
Growth Equity 7 Oct 2019
Led by Oaktree Capital; with Deerfield.
Sources: shinefusion.com, massdevice.com, fusionxinvest.com and 2 more
$50M
Series B 27 Nov 2018
With Baillie Gifford, Fidelity Management & Research Company.
Sources: prnewswire.com, fusionxinvest.com, shinefusion.com
$30M
SHINE Technologies investors
8 investors have backed SHINE Technologies; Fidelity Management & Research Company, Baillie Gifford and Oaktree Capital and 2 more led at least one round.
- Fidelity Management & Research Company lead, 3 rounds
- Baillie Gifford lead, 2 rounds
- Fidelity Management and Research Company LLC lead
- NantWorks lead
- Sumitomo Corporation of Americas
What SHINE Technologies does
SHINE Technologies works in medical devices, with 12 recorded offerings and customers in healthcare, energy and defense.
SHINE Technologies, LLC is an American private corporation engaged in nuclear fusion, medical isotopes production, nuclear waste recycling, and energy generation. The company provides neutron testing, nuclear medicine services, and nuclear fuel recycling, and develops fusion-based technologies for applications such as neutron imaging, radiation hardening, and fusion material research. SHINE Technologies also operates the Phoenix Imaging Center, which offers neutron imaging and testing services, and is involved in research and development for nuclear waste recycling and fusion energy production. The company collaborates with government agencies and research institutions, and is certified under the Nuclear Regulatory Commission's Part 50 framework.
Description from Veridion's company data.
Products and services
- Fusion Energy System Development
- Neutron Imaging and Testing Services
- Medical Isotope Production and Distribution
- Nuclear Waste Recycling Services
- Nuclear Fuel Recycling Services
- Radiopharmaceutical Development and Production
- Nondestructive Material Testing Services
- Radiation Hardening Services
- Fusion-Based Material Research and Development
- Sustainable Energy Solutions Development
- Industrial and Defense Radiation Testing Services
- Community Nuclear Science Education Services
Markets
- Healthcare
- Energy
- Defense
Technology
- Nuclear Fusion Technology
- Neutron Imaging for Nondestructive Testing
- Radioisotope Production for Medical Imaging and Therapy
- Nuclear Fuel Recycling Technologies
- Fusion Neutron Source for Industrial and Defense Applications
Business model
- Business-to-Business
- Service Provider
- Manufacturing
- Enterprise
Industry codes (NAICS)
- 325411 Medicinal and Botanical Manufacturing 40% match
- 541380 Testing Laboratories and Services 25% match
- 562920 Materials Recovery Facilities 20% match
- 221118 Other Electric Power Generation 15% match
Questions about SHINE Technologies
What is SHINE Technologies worth?
Valuation $2.5B (range $1.7B to $3.7B), as of 24 Oct 2026.
Has SHINE Technologies raised money?
SHINE Technologies has 5 funding rounds on record, from Nov 2018 to Feb 2026, $470M in total. None disclosed a valuation.
Who has invested in SHINE Technologies?
Fidelity Management & Research Company, Baillie Gifford, Oaktree Capital, Fidelity Management and Research Company LLC, NantWorks and Deerfield, and 2 more. Lead investors include Fidelity Management & Research Company, Baillie Gifford, Oaktree Capital and Fidelity Management and Research Company LLC.
How many people work at SHINE Technologies?
About 359, up 33% over the last year. Headcount grew from 300 in Jan 2023 to 359 in Sep 2026.
What does SHINE Technologies do?
SHINE Technologies works in medical devices, with 12 recorded offerings and customers in healthcare, energy and defense. Its main offerings are fusion energy system development, neutron imaging and testing services and medical isotope production and distribution.
When was SHINE Technologies founded, and where is it based?
SHINE Technologies was founded in 2010 and is based in Janesville, United States. It has about 359 employees, up 33% over the last year.