Following a seed round last year, Aalo Atomics has raised US$27 million in Series A funding toward its mission of making small nuclear reactors in gigafactories. The Austin, Texas-based startup was cofounded by Canadian entrepreneur Matt Loszak. Capital hails from 50Y, Valor Equity Partners, Harpoon Ventures, Alumni Ventures, Earth Venture, Garage Capital, and others.
“Investors are backing us with $27M to accelerate our vision of a future where humanity’s growth is untethered from our impact on Earth,” stated Loszak. “We have big, ambitious plans, and we’d like to thank our investors for helping us push towards ushering in the Second Atomic Age.”
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