Aalo Atomics, an Austin-based company developing modular nuclear plants for AI data centers, has raised $100 million in Series B funding led by Valor Equity Partners. The company has raised more than $136 million to date and recently completed its first full-scale non-nuclear prototype, with plans to build its first extra modular nuclear reactor by 2026.
Founded in 2023, Aalo Atomics is designing compact, scalable nuclear reactors known as Aalo Pods, each producing 50 MWe and intended to exist on-site with data centers. The reactors are sodium-cooled, use low-enriched uranium fuel and are designed to operate without external water sources, allowing them to scale to gigawatt capacity.
With the new funding, Aalo will double its workforce to more than 120 employees over the next year, focusing on engineering and manufacturing talent. It will also advance its Aalo-X pilot program with the U.S. Department of Energy, expand its manufacturing plant in Texas and pursue new partnerships to address the surging energy demands of AI infrastructure.
