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Valar Atomics is in talks to raise a new funding round, seeking $1 billion in equity at a $6B valuation, with Sequoia expected to lead the deal.
Amount Raised
$1 Billion
Round Type
Venture - Series Unknown
Investors
Description
Valar Atomics, a startup building small modular nuclear reactors, is in discussions to raise $1 billion in equity. The company has previously raised $450 million at a $2 billion valuation. Sequoia is expected to lead the new round of funding. This comes amid increasing demand for power in data centers as electricity needs grow sharply.
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