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. The 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. Atreides Management, Point72 and Snowpoint Ventures also participated in the Series B financing and Shaun Maguire, a Sequoia partner, will join Valar’s board, according to a statement Monday. The nuclear company has also lined up a $200 million credit facility. 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. These so-called small modular reactors are aimed at reducing costs and speeding deployment in an industry that’s known for over-budget and delayed projects.

Full report : Valar Atomics, which is making small modular nuclear reactors to power data centers, raised a $1 billion Series B led by Sequoia at a $6 billion post-money valuation.

For more see the OODA Company Profile on Valar Atomics.