Valar Atomics has announced the closing of a US$1 billion Series B financing led by Sequoia Capital, with participation from Apandion, Atreides Management, Conviction, Dream Ventures, HOF Capital, Point72, Riot Ventures, Snowpoint Ventures, Valor Equity Partners, and other new and existing investors. The financing will support the scaling and manufacturing of Valar’s standardized nuclear power plants to meet growing energy demand from artificial intelligence, industrial applications, and national security initiatives.
Latham & Watkins LLP advised Sequoia Capital in the financing with a corporate team led by Bay Area partner Ben Potter and San Diego counsel Evan Youngstrom, with associate Zack Dawson. Advice was also provided on HSR matters by Washington, D.C. partner Peter Todaro; and on executive compensation, employment, and benefits matters by Bay Area partner Ashley Wagner.
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