SHINE Technologies

SHINE Technologies

Produces neutrons for medical and industrial applications

About SHINE Technologies

Simplify's Rating
Why SHINE Technologies is rated
C+
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Industrial & Manufacturing

Energy

Healthcare

Company Size

201-500

Company Stage

Grant

Total Funding

$453.9M

Headquarters

Janesville, Wisconsin

Founded

2010

Overview

SHINE Technologies focuses on using fusion technology to produce neutrons for various applications in the medical, industrial, and security sectors. Their main product is neutron production, which is essential for advanced industrial inspections and the creation of medical isotopes. These isotopes are important for diagnostic imaging and cancer treatment. SHINE's approach to fusion energy production is structured in a four-phase pathway, which aims to make their technology commercially viable and support growth. Unlike many competitors, SHINE emphasizes a diverse range of applications for its neutron production, including contraband detection, and has a board of industry experts to help steer its strategic direction. The company's goal is to create a safer and cleaner world through the effective use of fusion technology.

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Simplify's Take

What believers are saying

  • Rising demand for medical isotopes boosts SHINE's revenue potential in healthcare.
  • DOE's $32 million grant supports SHINE's strategic isotope production expansion.
  • Partnerships with Antelope Surgical and Blue Earth strengthen SHINE's cancer treatment offerings.

What critics are saying

  • Increased competition in the medical isotope market may impact SHINE's market share.
  • Supply chain constraints could delay new facility construction and operations.
  • Regulatory challenges in nuclear material handling may increase compliance costs.

What makes SHINE Technologies unique

  • SHINE uses fusion technology for neutron production, a unique approach in the industry.
  • The company focuses on medical isotopes, crucial for diagnostic imaging and cancer treatment.
  • SHINE's partnerships with universities and biotech firms enhance its research and development capabilities.

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Funding

Total Funding

$453.9M

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

Benefits

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-1%

2 year growth

-2%
WMTV 15 News
Mar 14th, 2025
Janesville students build custom cars to give to children with physical challenges

At the second annual Go Baby Go Build Day, students partnered with SHINE Technologies and other local organizations to design, build, and customize electric cars - giving young kids a way to move independently.

Madison Startups
Jan 15th, 2025
SHINE, Antelope Surgical Solutions to Partner

SHINE Technologies has partnered with Antelope Surgical Solutions, a biotech company pioneering next-generation multimodal radiopharmaceuticals, the company announced recently.

Bizjournals
Oct 21st, 2024
SHINE Technologies awarded eight-figure grant from Dutch government

The grant is equal to around US$11.4 million.

BioSpace
Oct 18th, 2024
SHINE Technologies Collaborates with University of Wisconsin-Madison and WARF Therapeutics to Create Promising New Treatments for Kidney and Prostate Cancers

SHINE Technologies collaborates with University of Wisconsin-Madison and WARF Therapeutics to create promising new treatments for Kidney and Prostate cancers.

Bizjournals
Jul 19th, 2024
SHINE Technologies wins $32 million Department of Energy grant for Janesville facility

SHINE Technologies is developing a medical isotope production facility in Janesville.

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