US-based advanced technology startup Aalo Atomics has completed its Series B round, with participation from Turkey’s ITK Ventures and Startupfon. Valor Equity Partners led the round, whose financial details were not shared with the press, while Fine Structure Ventures, Hitachi Ventures, Crosscut, NRG Energy, Vamos Ventures, Tishman Speyer, Kindred Ventures, 50Y, Harpoon Ventures, Crescent Enterprises, Alumni Ventures, MCJ, Gaingels, Nucleation Capital, and Hypernova also participated.
Aalo Atomics, which offers modular and scalable nuclear energy solutions, plans to build Aalo-X, the US’s first advanced nuclear power plant, with the investment. The company aims to achieve zero power criticality by the summer of 2026.