Valar Atomics raises $1 billion Series B led by Sequoia for AI data center reactors

Valar Atomics $1B Series B — mass-produce SMRs for AI data centers

Less than a year after a $130Mround(PalmerLuckey/PalantirCTOShyamSankarbackerscited),Valarraised$1B Series B led by Sequoia. Investors include Apandion, Atreides, Conviction, Dream Ventures, HOF Capital, Point72, Riot Ventures, Snowpoint, Valor Equity Partners. Thesis: factory-built reactors vs multibillion construction projects; AI power demand as customer base.