We’re honored to be partnering with an incredible group of investors going into this next chapter. The future of nuclear is bright, and Aalo is just getting started.
Investors are backing us with $27M to accelerate our vision of a future where humanity’s growth is untethered from our impact on Earth.
We’re on a mission to make small nuclear reactors in gigafactories. This will enable predictable low costs and shortened construction times, making clean energy a reality—any place, any time.
We’re grateful and excited for the massive opportunity ahead of us!
Speed, focus, milestones
Let’s take a step back. Fundraising milestones, without context, mean little. Here’s why it matters:
We’ve raised a lot of money quickly, with a $6.26M seed round raised just over one year ago, and this $27M Series A closed last month.
We’re moving fast and continually hitting significant milestones. And investors are taking note of our speed and focus.
In just the past 9 months, we’ve:
Scaled the team from 2 to 15 incredible people, including leaders from DOE’s MARVEL program, executives from major utilities, other large energy companies, and more.
Finished conceptual design of the Aalo-1, our first commercial reactor.
Signed a siting Memorandum of Understanding (MOU) with the DOE. This marks the first step towards the deployment of an experimental Aalo reactor (The Aalo-X) at the Idaho National Laboratory (INL) site in Idaho.
Submitted our Regulatory Engagement Plan (REP) to the U.S. Nuclear Regulatory Commission (NRC) with agreement from a first major potential customer. This project entails a fleet of Aalo-1 reactors.
Where do we go from here?
We take advantage of the momentum and accelerate. Here’s what we’ll do with the Series A funds:
Scale the team to 30, adding key leadership talent around manufacturing, sales, EPC, fuel, engineering, finance, and product.
Open our new Factory HQ in Austin! This will be where we demonstrate mass manufacturing of the Aalo-1 reactor.
Work with the NRC and continue to de-risk licensing of the Aalo-1.
Build a non-nuclear prototype (the Aalo-0) to demonstrate our technology, economics, and manufacturability.
Create a pathway to deliver our Aalo Fuel (LEU+ UZrH) commercially.
Thanks to our backers
We have big, ambitious plans, and we’d like to thank our investors for helping us push towards ushering in the Second Atomic Age.
Special thanks to 50Y, Valor Equity Partners, Harpoon Ventures, Crosscut, SNR, Alumni Ventures, Preston Werner, Earth Venture, Garage Capital, Wayfinder, Jeff Dean, Nucleation Capital, and more.
What’s remarkable is that each of our investors supports us for different reasons. Deep tech, clean baseload for data centers, military applications, reliable energy for developing countries—there are many use cases, and we’re fortunate enough to have investors who want to help us deploy across them all.
We’re thrilled to be embarking on this next chapter towards a cleaner, more abundant future.
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