Phoenix LLC

Phoenix LLC

Specializes neutron imaging for NDT services

Overview

Phoenix, LLC provides neutron imaging services (neutron radiography) as nondestructive testing for aerospace, defense, and energy sectors. It runs the Phoenix Neutron Imaging Center in Fitchburg, WI, delivering production-scale radiography for quality assurance, failure analysis, and R&D, testing critical components like munitions and turbine blades. The imaging uses a proprietary accelerator-driven neutron generator to emit high-flux neutrons without a reactor; neutrons pass through objects to reveal internal features. Differentiators include an accelerator-based source offering reliable access versus aging research reactors, formal certifications (ISO 9001:2015, AS9100D), DoD-safety practices, long government relationships (including with the US Army), and a merger with SHINE Technologies. The goal is to advance practical fusion technology through SHINE’s multi-phase plan while continuing dependable neutron imaging services for industry and government customers.

About Phoenix LLC

Simplify's Rating
Why Phoenix LLC is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Energy

Aerospace

Defense

Company Size

11-50

Company Stage

Grant

Total Funding

$26.5M

Headquarters

Fitchburg, Wisconsin

Founded

2005

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Simplify's Take

What believers are saying

  • SHINE raised $240 million on February 26, 2026, strengthening near-term liquidity.
  • Phoenix still markets one of few commercial-grade neutron imaging facilities worldwide.
  • SHINE won a 2026 MDA SHIELD IDIQ position, deepening defense customer access.

What critics are saying

  • SHINE's 2026 $263 million DOE loan remains conditional, delaying Chrysalis execution.
  • SHINE cut 59 workers in 2023 for cash-flow issues, signaling financing fragility.
  • One failed capital raise or loan setback could stall Phoenix's expansion and parent funding.

What makes Phoenix LLC unique

  • Phoenix's accelerator-based neutrons avoid reactor dependence, unlike aging research-reactor competitors.
  • Fitchburg imaging center handles production-scale aerospace, defense, and energy NDT in-house.
  • SHINE merger gives Phoenix shared fusion, isotope, and defense engineering infrastructure.

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Funding

Total Funding

$26.5M

Above

Industry Average

Funded Over

6 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!
Grant Funding Comparison
Coming Soon

Growth & Insights

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%

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