tech
Sequoia's Shaun Maguire leads $1B round for nuclear startup Valar Atomics
Valar Atomics raised $1 billion at a $6 billion valuation after signing a development deal with Nvidia in June.
TL;DR
- Valar Atomics raised $1 billion in equity, led by Sequoia.
- Sequoia partner Shaun Maguire will join Valar's board.
- The company also secured a $200 million line of credit.
- Valar is developing small modular nuclear reactors (SMRs).
- In June, Valar demonstrated its Ward 250 reactor powering an Nvidia Blackwell system.
- Valar has a deal with Nvidia to develop a waterless 30MW AI factory.
- The funding will support the manufacturing of SMR fleets.
- Other investors include Apandion Capital, Atreides Management, Conviction, Dream Ventures, HOF Capital, Point72, Riot Ventures, Snowpoint Ventures, and Valor Equity Partners.