Valar Atomics, a nuclear energy startup backed by defense tech investors, has raised fresh funding at a $2 billion valuation, according to a Bloomberg report, signaling growing investor appetite for next-generation nuclear technologies to power energy-intensive industries. The company secured approximately $450 million in new capital, including $340 million in equity and $110 million in debt, with the valuation reflecting the total capital raised in the round. Valar Atomics is backed by Palmer Luckey, founder of Anduril Industries, and Shyam Sankar of Palantir Technologies. The company declined to comment on the fundraising. The latest round marks a significant step up from Valar’s earlier financing, including a $130 million raise in 2025, as investors continue to bet on nuclear power as a solution to rising global electricity demand driven by artificial intelligence infrastructure and industrial decarbonization. Founded in 2023 and based in California, Valar Atomics is developing advanced nuclear reactors designed for scalable deployment. The company’s broader vision includes building clusters of small reactors, sometimes referred to as “gigasites,” to supply large-scale energy needs for data centers, manufacturing, and other high-demand applications.

Full report : Palmer Luckey‑backed Valar lands $450 million at $2 billion valuation to power AI with small reactors.

For more see the OODA Company Profile on Valar Atomics.