Sequoia Capital led a $1 billion Series B round for Valar Atomics, valuing the nuclear SMR startup at $6 billion as it scales reactor production

Sequoia led a $1B Series B for Valar Atomics at a $6B valuation. The nuclear startup powered an Nvidia AI chip from its reactor in July. A 30MW Utah facility is planned.

Valar Atomics raised $1 billion at a $6 billion valuation after signing a development deal with Nvidia in June.