- Companies
- Atlas Atomics
Atlas Atomics Valuation, Funding & Investors
Atlas Atomics is valued at $1.9B as of October 2026.
Last Atlas Atomics valuation
$1.9B
Series A · Oct 2026
Last Atlas Atomics funding round
$400M
Series A · Oct 2026
Cumulative funding Atlas Atomics raised
$400M
across 1 funding round
Key investors in Atlas Atomics
Andreessen Horowitz
General Catalyst
Atlas Atomics Overview
About Atlas Atomics
Atlas Atomics is a nuclear technology company developing an improved heavy water reactor design that does not rely on enriched uranium and may therefore be cheaper to build and operate than conventional reactors. Its stated goals are reliable power generation, a larger supply of medical and industrial isotopes, and nuclear fuel recycling. The company operated largely in stealth until October 2026, when Bloomberg reported a Series A of about USD 400 million at a valuation of roughly USD 1.9 billion, led by General Catalyst with Andreessen Horowitz participating. Vivek Ramaswamy co-founded and backs the company, which is led by Kevin Gan. A former Oak Ridge National Laboratory chief operating officer serves as chief nuclear officer.
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$1.9B (Oct 2026)
Sectors
Atlas Atomics Valuation
Atlas Atomics is currently valued at $1.9B, based on its Series A in October 2026. Read the announcement ↗
The $400M round was led by General Catalyst, with participation from Andreessen Horowitz.
Atlas Atomics valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2026 | Series A | $1.9B |
Atlas Atomics Funding History
Atlas Atomics has raised a total of $400M across 1 funding round.
Atlas Atomics funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2026 | Series A | General Catalyst (lead); Andreessen Horowitz | $400M | $1.9B | Atlas Atomics raised about USD 400 million in a Series A round in October 2026 at a valuation of roughly USD 1.9 billion, Bloomberg reported on 8 October 2026 citing people familiar with the matter. General Catalyst led the round and Andreessen Horowitz participated. The company is a nuclear startup co-founded and backed by Vivek Ramaswamy, who is a candidate for Ohio governor, and it was operating in stealth at the time of the report. Kevin Gan, who previously worked in energy investing, is a co-founder and leads the company, and Balendra Sutharshan, a former chief operating officer of Oak Ridge National Laboratory, serves as chief nuclear officer. Atlas Atomics is developing a reactor design that avoids enriched uranium and that may cost less to build and run than conventional reactors. The company is based in Austin, Texas. |
Who has invested in Atlas Atomics?
2 investors have backed Atlas Atomics across its funding rounds, including Andreessen Horowitz and General Catalyst.
Lead investors include General Catalyst.
Atlas Atomics Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialAtlas Atomics Competitors
Atlas Atomics competitors include listed companies like Energy Fuels, NuScale Power and Chugoku Electric Power, and private ones like Nova Fusion, Clean Planet and Commonwealth Fusion Systems.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $66M | ($84M) | $1.8B | 13.7x | ||
| Publicly listed | $31M | ($663M) | $2.1B | 72.0x | ||
| Publicly listed | $9.1B | $1.6B | $2.4B | 2.1x | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $3.4B | - |
Atlas Atomics Public Comps
Atlas Atomics is still privately-owned, but its public comps include Standard Nuclear, BKV Corporation, Bangchak Corporation, Verbio, LandBridge, Headwater Exploration, Castrol India, MTAR Technologies, Energy Fuels and CESC.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $3M | ($16M) | 642.2x | - | (129.0x) | - | |||
| $1.1B | $510M | 3.0x | 2.2x | 6.8x | 6.6x | |||
| $15B | $834M | 0.4x | 0.3x | 7.2x | 2.7x | |||
| $2.1B | $217M | 1.0x | 0.9x | 9.3x | 8.3x | |||
| $199M | $126M | 15.8x | 12.7x | 25.0x | 14.1x | |||
| $442M | $233M | 4.3x | 4.3x | 8.1x | 6.2x | |||
| $606M | $143M | 3.2x | 2.8x | 13.5x | 12.8x | |||
| $92M | $20M | 19.5x | 12.2x | 91.3x | 52.7x | |||
This data is available for Pro users. Sign up to see all Atlas Atomics competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Atlas Atomics
| Is Atlas Atomics publicly listed? | No, Atlas Atomics is a private, VC-backed company. |
| What is Atlas Atomics' valuation? | Atlas Atomics was last valued at $1.9B in its Series A in October 2026. |
| How much funding has Atlas Atomics raised? | Atlas Atomics has raised $400M across 1 funding round. |
| What was Atlas Atomics' last funding round? | Atlas Atomics' last funding round was a $400M Series A in October 2026, led by General Catalyst. |
| Who are Atlas Atomics' investors? | Atlas Atomics' investors include General Catalyst and Andreessen Horowitz. |
| Which companies are comparable to Atlas Atomics? | Companies comparable to Atlas Atomics include Energy Fuels, NuScale Power, Chugoku Electric Power, Nova Fusion, Clean Planet and Commonwealth Fusion Systems. |
See companies similar to Atlas Atomics
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