Valar Atomics Valuation, Funding & Investors

Valar Atomics is valued at $6B as of August 2026.

Last Valar Atomics valuation

$6B

Series B · Aug 2026

Last Valar Atomics funding round

$1B

Series B · Aug 2026

Cumulative funding Valar Atomics raised

$1.5B

across 4 funding rounds

Key investors in Valar Atomics

  • Day One Ventures
  • Riot Ventures
  • Dream Ventures
  • Snowpoint Ventures
  • Sequoia Capital
  • Initialized Capital

Valar Atomics Overview

About Valar Atomics

Valar Atomics is a nuclear technology company developing modular high-temperature gas reactors fueled by TRISO particles for off-grid industrial power and clean fuel production. Headquartered in El Segundo, California, the firm plans gigasites hosting hundreds of 35 MW reactors to supply hydrogen and synthetic fuels to steel mills and chemical plants. Founded in 2022, Valar Atomics raised $10 million in seed funding and collaborates with the U.S. Department of Energy on advanced reactor demonstrations.


Founded

2023

HQ

United StatesLos Angeles, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$6B (Aug 2026)

Valar Atomics Valuation

Valar Atomics is currently valued at $6B, based on its Series B in August 2026.

The $1B round was led by Sequoia Capital, with participation from Snowpoint Ventures, Point72 Ventures, Conviction, Riot Ventures, Atreides Management and 4 other investors.

Valar Atomics' valuation has grown 3.0x from $2B at its Series B in March 2026 to $6B in August 2026, across 2 priced rounds.

Valar Atomics valuation by funding round

Valar Atomics valuation by funding round
DateStageValuation
Aug 2026Series B$6B
Mar 2026Series B$2B

Valar Atomics Funding History

Valar Atomics has raised a total of $1.5B across 4 funding rounds.

Valar Atomics' first fundraising round was a $19M seed round in February 2025. The most recent completed round was a $1B Series B in August 2026.

Valar Atomics funding rounds

Valar Atomics funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2026Series BSequoia Capital (lead); Snowpoint Ventures; Point72 Ventures; Conviction; Riot Ventures; Atreides Management; Dream Ventures; HOF Capital; Valor Equity Partners; Apandion$1B$6BValar Atomics raised a $1,000 million Series B led by Sequoia Capital, with participation from Apandion Capital, Atreides Management, Conviction, Dream Ventures, HOF Capital, Point72 Ventures, Riot Ventures, Snowpoint Ventures, Valor Equity Partners, and other investors. Sequoia partner Shaun Maguire is joining the board, and the company also closed a separate $200 million credit facility led by Erebor Bank alongside J.P. Morgan, Crescent Cove, and Hercules Capital. Reports around the round indicated a $6 billion valuation. The financing is intended to support Valar Atomics’ push to move from operating a single test reactor in Utah to building small reactors on a production line and scaling toward “producing fleets” of nuclear reactors. The company describes itself as building small modular nuclear reactors and industrial nuclear power infrastructure. Valar Atomics is a three-year-old nuclear startup based in El Segundo, California. Prior to this financing, reports indicated it had raised about $450 million, including equity and debt, at a $2 billion valuation; separate reporting also noted total lifetime funding of about $600.5 million before the new round.
Mar 2026Series BPalmer Luckey; Shyam Sankar$340M$2B-
Nov 2025Series ADay One Ventures (lead); Dream Ventures (lead); Snowpoint Ventures (lead)$105M-Valar Atomics is a Hawthorne, CA-based nuclear startup developing compact, high-temperature gas reactors using TRISO fuel and helium coolant for applications like synthetic fuel production, data centers, defense, and space exploration. The company focuses on microreactors such as the 100-kWt Ward 250, with prototypes like Ward Zero (non-nuclear test reactor) completed and Ward One planned in the Philippines to bypass U.S. regulatory hurdles. It is involved in litigation against the NRC and aims to meet DOE's July 2026 operational goal for SMRs. In November 2025, Valar Atomics raised $130 million in a Series A round led by Snowpoint Ventures, with co-leads Day One Ventures and Dream Ventures, and participation from Palmer Luckey, Shyam Sankar (Palantir CTO), Contrary, Balerion, DTX, Crosscut, Triplepoint, and prior investors like Riot Ventures. This brought total funding over $150 million, following a $19M seed in February 2025 led by Riot Ventures. Funds will scale nuclear fission development, complete reactor prototypes in Utah, and advance testing/licensing. Public comparables like BWX Technologies had $2.7B revenue in 2024 and $17.7B market cap as of Nov 2025. The company positions against competitors like X-Energy ($700M round Feb 2025), Oklo, NuScale, and Nano Nuclear in the $1.5B+ SMR funding wave.
Feb 2025SeedRiot Ventures (lead); Steel Atlas; Initialized Capital; Day One Ventures; Stephen Cole; AlleyCorp$19M-Valar Atomics emerged from stealth in February 2025 with $19 million in funding from investors including Riot Ventures, coinciding with the completion of assembly of its first reactor prototype, Ward Zero. The startup, based in Hawthorne or El Segundo, California, develops helium-cooled, high-temperature gas reactors using TRISO fuel and silicon carbide elements, designed for mass production at 'gigasites' to power off-grid applications like data centers, industrial plants, hydrogen production, and synthetic fuel plants. The company aims to reduce nuclear reactor costs through a factory-like production model rather than bespoke construction, with an initial contract to pilot a test-scale reactor and build two full-scale ones in the Philippines via its local research institute subsidiary. By November 2025, Valar Atomics raised a $130 million Series A round led by Snowpoint Ventures, with co-leads Day One Ventures and Dream Ventures, and participation from Crosscut Ventures, Balerion, Contrary, DTX, Triplepoint, Palmer Luckey, Shyam Sankar, and prior investors like Riot Ventures, Initialized Capital, and AlleyCorp. Total funding exceeded $150 million, supporting deployment of the 100-kWt Ward 250 reactor, with projects including Ward One in the Philippines to sidestep U.S. regulations and a test reactor under construction in Utah targeting 2026 completion. Snowpoint's Doug Philippone joined the board. The company is also involved in a lawsuit challenging NRC licensing for SMRs and participates in a DOE program aiming for operational reactors by July 2026, with CEO Isaiah Taylor expressing confidence in being first to deploy an SMR in the U.S. Valar positions its technology for carbon-neutral synthetic fuels competitive with fossil fuels, potentially generating significant revenue from hundreds of reactors per gigasite—estimated at $1 billion annually per 100 reactors from fuel sales, scaling to $10 billion+ for 1,000 reactors—plus high-temperature process heat for industries like steel and chemicals. Amid SMR competitors raising over $1.5 billion pre-February 2025 (e.g., X-Energy's $700M), public nuclear firms like BWX Technologies trade at multi-billion valuations with established revenue, suggesting potential premiums for Valar if it proves its model.

Who has invested in Valar Atomics?

17 investors have backed Valar Atomics across its funding rounds, including Day One Ventures, Riot Ventures, Dream Ventures, Snowpoint Ventures, Sequoia Capital and Initialized Capital.

Lead investors include Sequoia Capital, Day One Ventures, Dream Ventures, Snowpoint Ventures and Riot Ventures.


Valar Atomics Investors

Investors in Valar Atomics by funding rounds participated
InvestorHQRoundsRoleFirst check
Snowpoint VenturesUnited StatesWest Palm Beach, FL2LeadNov 2025
Riot VenturesUnited StatesLos Angeles, CA2LeadFeb 2025
Dream VenturesUnited StatesLas Vegas, NV2LeadNov 2025
Day One VenturesUnited StatesSan Francisco, CA2LeadFeb 2025
Steel AtlasUnited StatesNew York City, NY1ParticipantFeb 2025
Point72 VenturesUnited StatesNew York City, NY1ParticipantAug 2026
Palmer LuckeyUnited StatesLos Angeles, CA1ParticipantMar 2026
ConvictionUnited StatesUnited States1ParticipantAug 2026
Atreides ManagementUnited StatesBoston, MA1ParticipantAug 2026
Initialized CapitalUnited StatesSan Francisco, CA1ParticipantFeb 2025
Shyam SankarUnited StatesDenver, CO1ParticipantMar 2026
HOF CapitalUnited StatesNew York City, NY1ParticipantAug 2026
Sequoia CapitalUnited StatesSan Francisco, CA1LeadAug 2026

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Valar Atomics Competitors

Valar Atomics competitors include listed companies like Tokyo Electric Power, Kyushu Electric Power, Uranium Energy and J-Power, and private ones like Commonwealth Fusion Systems and Nova Fusion.

Public and private companies comparable to Valar Atomics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Tokyo Electric PowerJapanJapanPublicly listed$41B$525M$5.7B1.0x
Kyushu Electric PowerJapanJapanPublicly listed$14B$3.1B$6.6B1.8x
Uranium EnergyUnited StatesUnited StatesPublicly listed$67M($89M)$5B126.1x
J-PowerJapanJapanPublicly listed$7.6B$1.6B$4.8B1.9x
Commonwealth Fusion SystemsUnited StatesUnited StatesPrivate--$3.4B-
Nova FusionChinaShanghaiPrivate--$1.5B-

Valar Atomics Public Comps

Valar Atomics is still privately-owned, but its public comps include EVN, INA-Industrija Nafte, Ormat, Luberef, Fuchs, CMB.Tech, Tokyo Electric Power, Ithaca Energy, Shenergy Group and Harbour Energy.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
EVN$3.5B$1.2B2.1x2.1x6.0x7.0x
INA-Industrija Nafte$4.4B$502M1.5x-13.1x-
Ormat$990M$534M9.1x8.0x16.9x14.4x
Luberef$2.2B$318M2.7x2.1x18.1x9.9x
Fuchs$4.1B$613M1.4x1.3x9.5x9.0x
CMB.Tech$1.7B$910M6.7x5.3x12.2x8.4x
Tokyo Electric Power$41B$525M1.0x1.0x77.5x-
Ithaca Energy$2.9B$1.8B2.5x2.2x4.2x3.1x

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Common questions about Valar Atomics

When was Valar Atomics founded?Valar Atomics was founded in 2023.
Where is Valar Atomics headquartered?Valar Atomics is headquartered in Los Angeles, CA, United States.
Is Valar Atomics publicly listed?No, Valar Atomics is a private, VC-backed company.
What is Valar Atomics' valuation?Valar Atomics was last valued at $6B in its Series B in August 2026.
How much funding has Valar Atomics raised?Valar Atomics has raised $1.5B across 4 funding rounds.
What was Valar Atomics' last funding round?Valar Atomics' last funding round was a $1B Series B in August 2026, led by Sequoia Capital.
Who are Valar Atomics' investors?Valar Atomics' investors include Snowpoint Ventures, Riot Ventures, Dream Ventures, Day One Ventures, Steel Atlas, Point72 Ventures, Palmer Luckey, Conviction, Atreides Management, Initialized Capital and 7 others.
Which companies are comparable to Valar Atomics?Companies comparable to Valar Atomics include Tokyo Electric Power, Kyushu Electric Power, Uranium Energy, J-Power, Commonwealth Fusion Systems and Nova Fusion.

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