The spinout formerly known as Modern Electron has changed its name on the heels of a new funding round.

Bill Gates, co-founder of IV spinout TerraPower, toured the company's innovative Wyoming nuclear plant site and shared his take on AI with ABC News' Chief Business, Ecnomics and Technology Coorespondent Rebecca Jarvis.

Major League Baseball stadiums across the country have partnered with IV spinout Evolv Technology to install its weapons dectection scanners.

Spinout Evolv Technology continues to hit big milestones. It has now partnered with venues in 45 U.S. states and screened over a half a billion visitors.

Thanks to spinout Evolv, the long security line at stadiums across the country may well be a thing of the past.