Advanced nuclear company Aalo Atomics has secured new capital and regulatory backing to complete construction of its experimental 10-MW Aalo-X reactor at Idaho National Laboratory (INL).
The Austin-based company announced $100m (€85m) in Series B funding led by Valor Equity Partners, with participation from other venture capital firms including Fine Structure Ventures, Hitachi Ventures, Tishman Speyer and Nucleation Capital.
The raise brings Aalo’s total capital to more than $136m, including a $6m seed round in 2023 and a $30m Series A in 2024.
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