📝 Aalo Atomics raises $100M

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Texas-based Aalo Atomics has raised a $100 million USD Series B round, led by Valor Equity Partners with participation from Maple VC, Hitachi Ventures, and others, to fund construction of its first nuclear power plant. Founded in 2022 by Canadian entrepreneur Matt Loszak, best known as Humi’s co-founder, Aalo is pursuing a radical approach to nuclear: building small, factory-made “Aalo Pods” containing five reactors and a turbine, rather than massive custom-built plants. The startup says its Aalo-X plant will not only showcase this model but also host a data centre, making it the first-ever combined nuclear facility and data hub—a move directly targeting AI’s ballooning energy demands. By using metallic coolant and uranium zirconium hydride fuel, which naturally shuts down if temperatures rise too high, Aalo also emphasizes safety while aiming to slash costs and broaden access to nuclear energy worldwide, from municipal utilities to developing countries—and even, as the company hints, “places beyond Earth.” This latest raise, coming just a year after its $27 million Series A, signals both investor confidence and a recognition that the race to power the AI era may hinge on nuclear’s long-awaited revival.

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