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Sequoia Leads $1 Billion Funding Round for Nuclear Startup Valar
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(Bloomberg) -- 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.
Most Read from BloombergThe 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.
Valar is developing next-generation nuclear plants that would be produced in factories and then delivered to provide power for data centers, industrial sites or other facilities.
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