Sequoia Leads $1 Billion Funding Round in Nuke Startup Valar
A Valar Atomics microreactor on a C-17 aircraft at March Air Reserve Base, California, on Feb. 15.
Photographer: Matthew Daly/AP PhotoTakeaways by Bloomberg AISubscribe
Sequoia Capital led a $1 billion funding round for Valar Atomics Inc. that the nuclear startup says will help it shift from demonstrating small reactors to producing them in volume.
The transaction values Valar at $6 billion, including the money being invested. The nuclear company has also lined up a $200 million credit facility, according to a statement Monday.
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