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Valar Atomics, a three-year-old startup that makes small nuclear reactors intended to power data centers and other industrial facilities, is in talks to raise $1 billion at around a $5 billion valuation before the investment, according to a person with knowledge of the deal.
Sequoia Capital, which hasn’t previously disclosed an investment in Valar, has been in talks to lead the fundraising, which could be a mix of debt and equity, the person said.
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