Sequoia’s Shaun Maguire leads $1B round for nuclear startup Valar Atomics

Core Impact Points

• Valar Atomics has raised $1 billion in equity, led by Sequoia, with a $200 million line of credit from Erebor and other banks.
• The startup is building small modular nuclear reactors (SMRs), which are miniaturized, factory-built power plants intended to be cheaper and faster to build than traditional reactors.
• Valar's reactors have demonstrated successful power generation, with its Ward 250 reactor powering an Nvidia Blackwell system in June.
• The funding will enable Valar to reach its next milestone: manufacturing fleets of its SMRs, which could significantly impact the US nuclear industry and energy production.
• Valar's technology has the potential to improve next-generation reactors, speeding development cycles and reducing costs.
• Other investors in the round include Apandion Capital, Atreides Management, Conviction, Dream Ventures, HOF Capital, Point72, Riot Ventures, Snowpoint Ventures, and Valor Equity Partners.