Valar Atomics Raises $1.2 Billion for SMR Manufacturing as Bloomberg Pegs Valuation at $6 Billion
Updated
Updated · TechCrunch · Aug 3
Valar Atomics Raises $1.2 Billion for SMR Manufacturing as Bloomberg Pegs Valuation at $6 Billion
3 articles · Updated · TechCrunch · Aug 3
Summary
$1 billion in equity and a $200 million credit line give Valar Atomics fresh capital to move from reactor development to manufacturing fleets of small modular reactors.
Sequoia led the equity round, partner Shaun Maguire joined Valar's board, and Erebor and other banks provided the debt facility.
Valar says its factory-built reactors shorten development cycles by generating engineering and operating data; it cited a two-year NOVA core build versus seven months to take Ward 250 critical.
In June, the startup said its Ward 250 reactor successfully powered an Nvidia Blackwell system and disclosed a deal with Nvidia to develop a waterless 30MW AI factory.
The raise extends a broader nuclear-startup funding wave, after Antares secured $470 million and X-energy raised $1 billion in its IPO.