SHINE Technologies: Funding, Investors & Team (Oct 2026)
SHINE deploys its safe, cost-effective, and environmentally friendly fusion technology in a stepwise approach. Its systems are used to inspect industrial components in aerospace, defense, energy, and other sectors. SHINE’s proprietary medical isotope production processes create molybdenum-99 and non-carrier-added lutetium-177. These important medicines are used in tens of thousands of daily procedures to diagnose and treat heart disease, late-stage cancer, and other serious illnesses. In the future, SHINE plans to scale its fusion technology to help solve one of the energy’s toughest hurdles by recycling nuclear waste. Through a purpose-driven and phased approach, SHINE aims to generate fusion power to deliver clean, abundant energy that could transform life on Earth.
SHINE Technologies has raised $605M across 6 funding rounds on record, the most recent an undisclosed round of $263M announced in Apr 2026.
That round is above the $8.1M median round size for Biotechnology companies tracked on FundedIQ over the last two years.
SHINE Technologies Company Profile and Key Stats
Latest funding round on record: Apr 2026.
SHINE Technologies Funding Rounds
2 of 6 rounds were announced without a disclosed amount and are excluded from the total.
SHINE Technologies raised $70.0M in an undisclosed round announced in Oct 2023.
9 months later, an undisclosed round of $32.0M was announced in Jul 2024.
3 months later, an undisclosed round was announced in Oct 2024 with no disclosed amount.
4 months later, an undisclosed round was announced in Feb 2025 with no disclosed amount.
1 years later, an undisclosed round of $240M was announced in Feb 2026.
2 months later, an undisclosed round of $263M was announced in Apr 2026.
SHINE Technologies Founders and Leadership Team
Contact details for the SHINE Technologies team: 1 of 3 have an email address on file.
Start 14-day free trial →SHINE Technologies Funding Compared to Other Biotechnology Startups
SHINE Technologies' latest round of $263M is above the median round in Biotechnology. Medians cover the last 24 months of disclosed rounds.
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SHINE Technologies Funding FAQs
What does SHINE Technologies do?
SHINE deploys its safe, cost-effective, and environmentally friendly fusion technology in a stepwise approach. Its systems are used to inspect industrial components in aerospace, defense, energy, and other sectors. SHINE’s proprietary medical isotope production processes create molybdenum-99 and non-carrier-added lutetium-177. These important medicines are used in tens of thousands of daily procedures to diagnose and treat heart disease, late-stage cancer, and other serious illnesses. In the future, SHINE plans to scale its fusion technology to help solve one of the energy’s toughest hurdles by recycling nuclear waste. Through a purpose-driven and phased approach, SHINE aims to generate fusion power to deliver clean, abundant energy that could transform life on Earth.
How much funding has SHINE Technologies raised?
SHINE Technologies has raised $605M across 6 rounds on record. The most recent is an undisclosed round of $263M announced in Apr 2026.
When did SHINE Technologies last raise funding?
SHINE Technologies' most recent funding round on record is an undisclosed round of $263M, announced in Apr 2026.
Who founded SHINE Technologies?
FundedIQ lists Greg Piefer (Founder), Gregory Piefer (Founder), Hitesh Panchal (Founder) at SHINE Technologies.
Where is SHINE Technologies headquartered?
SHINE Technologies is based in Janesville, Wisconsin, United States.
How many employees does SHINE Technologies have?
SHINE Technologies is in the 251-500 employee band.
How does SHINE Technologies' funding compare to other Biotechnology startups?
SHINE Technologies' latest round of $263M is above the $8.1M median round size for Biotechnology companies on FundedIQ across 4,185 tracked companies over the last two years.
About FundedIQ's SHINE Technologies Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for SHINE Technologies is left off this page rather than filled in.
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