1 Day
Source:
Los Angeles Times
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Sequoia Funds $1B for Valar Atomics
Sequoia Capital led a $1 billion funding round for Valar Atomics to expand production of small modular nuclear reactors intended for data centers and industrial use. The financing values the company at $6 billion and includes a $200 million credit facility. Valar has achieved a key technological milestone by sustaining a self-reinforcing nuclear chain reaction and powering a prototype AI chip and website, planning a 30-megawatt facility to demonstrate its capabilities.
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