Valar Atomics comes out of stealth with $19M and a pilot reactor site
Companies developing small modular nuclear reactors (SMRs) have raised more than $1.5 billion in the past year, as tech companies hunger for power to train AI models and governments decide to commit to the industry. For example, X-energy raised $700 million this month, and Paris-based Newcleo raised $151 million last year, and one would be remiss to not mention the $700 million invested into Oklo, NuScale and Nano Nuclear for similar projects in the U.S. While nuclear fusion still looks relati