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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.

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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 & ManufacturingEnergyAerospaceDefense

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 in February 2026, strengthening Phoenix's parent balance sheet.
  • Phoenix won a $10 million U.S. Army IDIQ and expanded PacSci EMC volume.
  • Phoenix plans a second California imaging center, widening access to coastal customers.

What critics are saying

  • SHINE's $263 million DOE loan remains conditional, delaying Phoenix capital deployment.
  • Phoenix depends on defense and aerospace accounts like the U.S. Army and PacSci EMC.
  • Competitors like Sodern and Thermo Fisher keep compressing pricing and technology differentiation.

What makes Phoenix LLC unique

  • Phoenix operates one of few production-scale accelerator neutron imaging centers in Fitchburg.
  • Phoenix provides reactor-free neutron radiography for aerospace, defense, and energy components.
  • Phoenix and SHINE control proprietary neutron-generator technology across imaging and isotope businesses.

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Funding

Total Funding

$26.5M

Above

Industry Average

Funded Over

6 Rounds

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Grant Funding Comparison Coming Soon

Growth & Insights

Headcount

6 month growth

-3%

1 year growth

-3%

2 year growth

-3%

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