Sequoia’s Shaun Maguire leads $1B round for nuclear startup Valar Atomics
Nuclear startup Valar Atomics has raised $1 billion in equity led by Sequoia Capital to accelerate the production of small modular reactors (SMRs). The company is focusing on miniaturized power plants and has already secured a partnership with Nvidia to support AI infrastructure.
Valar Atomics confirmed the whisperings that it was raising a giant round led by Sequoia on Monday. The startup’s founder and CEO Isaiah Taylor announced that the company has raised $1 billion in equity, with Sequoia partner Shaun Maguire joining its board, and that it also secured a $200 million line of credit from Erebor and other banks.
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