Nuclear startup Valar Atomics in talks to raise new funding at $6B valuation
Nuclear startup Valar Atomics is reportedly in talks to raise $1 billion at a $6 billion valuation to advance its small modular reactor technology. The company recently partnered with Nvidia to explore using nuclear energy to power the growing electricity demands of AI data centers.
Valar Atomics, a startup building small modular nuclear reactors (SMRs) — essentially miniaturized, factory-built power plants designed to be cheaper and faster to deploy than traditional reactors — is in talks to raise a new round of capital, according to three sources familiar with the company. The three-year-old company is seeking a valuation of about $6 billion, and Sequoia is expected to lead the deal, the people said.
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