Nuclear Reactor Startup Raises Funds With Plans for Test Unit

Matt Loszak, right, and Yasir Arafat.Source: Aalo Atomics
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Nuclear energy startup Aalo Atomics has raised $27 million in a funding round aimed at addressing the growing demand for cleaner energy.

The Series A round was led by 50Y and Valor Equity Partners, according to Aalo Atomics. Other investors included Harpoon Ventures, Alumni Ventures and Preston-Werner Ventures.