Mentioned:
One of the most exciting nuclear reactor startups in America has just raised a new mega round. And some of the most prominent venture capital investors in the world are behind it.
What’s happening:
- Valar Atomics has successfully raised $1B USD in a new Series B financing round
Why it matters:
- Valar Atomics is one of the most advanced private nuclear reactor startups in the United States and is the first company outside of a national laboratory to bring an advanced nuclear reactor to self-sustaining criticality
Going deeper:
- Valar Atomics has publicly stated that their flagship nuclear reactor known as Ward 250 has successfully generated enough electricity to power a Nvidia (NASDAQ: NVDA) Blackwell chip
- Valar Atomics new Series B round was led by legendary Silicon Valley venture capital fund Sequoia Capital
- Point72, Riot Ventures, Valor Equity Partners and Gavin Baker’s Atreides Management also participated in Valar Atomics’ Series B funding round
The intrigue:
- Anduril founder Palmer Luckey previously made waves when he personally invested in Valar Atomics $130M USD Series A financing round
