Atlas Atomics raises $400M at $2B valuation for nuclear reactor

Kevin Gan: Kevin Gan is a cofounder of Atlas Atomics and serves as its operational leader. He brings more than 15 years of experience investing in energy companies, including prior roles at Millennium and D.E. Shaw. Atlas Atomics: Atlas Atomics is a nuclear technology startup focused on developing advanced reactors. It remains in stealth mode and is advancing a heavy water reactor design that aims to enable reliable power generation along with medical and industrial isotope production. The company is cofounded and backed by Vivek Ramaswamy and is pursuing initial deployment in Utah. Vivek Ramaswamy: Vivek Ramaswamy is a cofounder and backer of Atlas Atomics while also running for governor of Ohio. He has positioned the startup as a key player in next-generation nuclear energy through his involvement in its founding and capital raises. General Catalyst: General Catalyst is a venture capital firm leading the Series A investment in Atlas Atomics. It is supporting the development of the company's heavy water reactor technology through this funding round. Andreessen Horowitz: Andreessen Horowitz is a venture capital firm participating in the Series A round for Atlas Atomics. It is backing the startup's approach to nuclear innovation alongside the lead investor. Balendra Sutharshan: Balendra Sutharshan is the chief nuclear officer at Atlas Atomics. He previously served as chief operating officer of Oak Ridge National Laboratory, contributing deep expertise in nuclear operations to the startup. Policy: President Trump has issued an executive order targeting a quadrupling of U.S. nuclear capacity by 2050. Competition: AtkinsRealis has submitted a notice of intent to the Nuclear Regulatory Commission to begin licensing CANDU heavy water reactor technology in the United States. Industry Trend: Venture capital interest in nuclear startups remains strong with multiple companies advancing reactor projects and securing support from major investors.