Fundraising Fox

Aalo Atomics

Founded 2023 Β· 185 employees on LinkedIn Β· 31 known investors

Aalo develops advanced nuclear reactor technology aimed at producing electricity at under 3 cents per kilowatt-hour. The company serves the global energy market and is focused on enabling virtually unlimited clean power generation.

Also known as Aalo Β· Aalo Atomics

Founders & leadership

Aalo Atomics was founded in 2023 by Matt and Yasir.

MMatt
Mattin𝕏Co-founder
YYasir
Yasirin𝕏Co-founder
MNMark Nefzger
Mark NefzgerinFounder
DJ
David JaluvkainFounder
CPCarlo Parisi
Carlo ParisiinFounder
PCParthasarathy Chandran
Parthasarathy ChandraninFounder
GM
Greg ManhireinFounder
R
RakesslerinFounder

Investors Β· 31

Funding

SEC filings, press & company announcements

$100M disclosed across 1 of 5 rounds Β· 2023–2026

Source: company announcements and press reports β€” follow each round's link for the claim.

Company profile

researched Aug 2026

Aalo Atomics is a nuclear energy company developing factory-produced, transportable nuclear power plants intended primarily to supply electricity to AI data centers. Its core product is the Aalo-1 reactor, a sodium thermal reactor rated at 30 MWt / 10 MWe using uranium dioxide ceramic fuel, designed within the constraint of being transportable by truck. Multiple Aalo-1 units are combined into the Aalo Pod, a 50 MWe configuration of five reactors and three turbines built from factory-produced modules shipped on standard roads, with a design target of installation in under one year.

The company frames nuclear for data centers around three attributes: deployment speed (hundreds of megawatts in 6 to 12 months), availability (fleet deployment with staggered refueling for high uptime), and siting flexibility (no body of water required, behind-the-meter or grid-connected). It presents a cost-reduction pathway in which factory repeatability moves levelized cost from roughly 12-15 cents per kWh, serving AI data centers, to 7-10 cents for small utility, desalination, industrial heat and military installations, and ultimately toward 3 cents per kWh for broad grid applications.

Aalo's demonstration program centers on Aalo-X, a critical test reactor fabricated in Austin, Texas and installed at Idaho National Laboratory. The company reports building the first new reactor facility at INL in fifty years in thirty-six days, assembling the Critical Test Reactor in under four weeks, and achieving criticality in July 2026. Its published roadmap calls for Aalo-X to power a co-located data center and for a regulatory application for the first commercial Aalo Pod in 2027, Pod installations and Gigawatt Factory production-line ramp in 2028, and full-power Pod operation electrifying data centers at hundred-megawatt scale in 2029.

Business model

Aalo is vertically integrated, manufacturing reactor vessels, scaffolding modules, fuel assemblies and control systems in-house, with roughly 10% of content sourced from a network of 127 U.S. suppliers. The stated thesis is that vertical integration provides control over cost and schedule while mass manufacturing reduces unit cost with scale, supporting sale or deployment of standardized reactor units and Pods to power customers.

The company targets electricity delivery at defined cost tiers by kilowatt-hour, initially at 12-15 c/kWh for AI data centers, then 7-10 c/kWh for small utility, desalination, industrial heat and military installations, and 3 c/kWh for general grid markets.

Traction

The company reports growth from 2 to about 200 people in three years, more than $300M raised, a fully operational 40,000 sqft pilot factory in Austin that was completed and NQA-1 certified in six months, a completed full-scale prototype, sodium testing, Aalo-X fuel fabrication, and first criticality of the Aalo-X Critical Test Reactor in July 2026. It states the reactor facility at Idaho National Laboratory was built in thirty-six days and that these results were achieved with under $100M in spend in under three years.

Latest developments

In May 2026, DOE-Idaho approved Aalo's Documented Safety Analysis for the Aalo-X Critical Test Reactor. Aalo announced it achieved criticality in July 2026, and later that month announced a strategic partnership with Crusoe. Press coverage in July 2026 discussed Aalo among nuclear startups reaching reactor milestones and the U.S. advanced reactor race.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history

Market position

Aalo positions itself among advanced reactor developers pursuing small, factory-built units for data center power, and was covered in mid-2026 press alongside other nuclear startups reaching reactor milestones in the United States.

Aalo emphasizes small sodium-cooled reactor vessels sized for standard truck transport, enabling factory mass manufacturing; vertical integration across vessels, fuel assemblies, structural modules and control software; and demonstrated construction speed, including a reactor facility built at Idaho National Laboratory in thirty-six days and a critical test reactor assembled in under four weeks.

Technology

Aalo's reactors use liquid sodium as coolant. The company states sodium transfers heat roughly one hundred times better than water, allowing reactor vessels two-to-five times smaller than comparable designs at the same power level, small enough for truck transport and therefore compatible with mass manufacturing. Sodium also operates at near-atmospheric pressure, which the company associates with simpler systems and passive safety. The Aalo-1 reactor produces 30 MWt / 10 MWe and uses UO2 ceramic fuel; five reactors and three turbines form a 50 MWe Aalo Pod with reactor and turbine redundancy for uptime.

Go-to-market

Primary focus is AI data center operators requiring behind-the-meter or grid-connected power. Additional identified markets include small utilities, desalination, industrial heat users, military installations, and broader national grids as costs decline.

Geography

Reactor fabrication and the pilot factory are located in Austin, Texas; the Critical Test Reactor is sited at Idaho National Laboratory in Idaho. The supplier network of 127 companies is described as spanning the United States, and a planned gigawatt-scale factory is intended to ship nationally.

History

Founded in 2023, when Aalo raised a $6M seed round and began conceptual design of a mass-manufacturable nuclear plant for data centers. In 2024 it raised a $30M Series A and began build-out of its 40,000 sqft pilot factory. In 2025 it raised a $100M Series B, completed a full-scale prototype, began sodium testing and started Aalo-X fuel fabrication. In 2026, DOE-Idaho approved the Documented Safety Analysis for the Aalo-X Critical Test Reactor, the reactor achieved criticality, and Aalo announced a strategic partnership with Crusoe.

Compiled by commissioned research from 1 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Aalo Pod outputJan 202650 MWe
Aalo-1 reactor outputJan 202630 MWt / 10 MWe
Austin pilot factory sizeJan 202640,000 sqft
HeadcountAug 2026185
HeadcountJan 2026200 employees
Planned gigawatt factory capacityJan 20261 GW / year, ramping in 2030
Supplier networkJan 2026127 suppliers
Target uptime via fleet deploymentJan 202699.99%
Total capital raisedJan 2026$300M

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 6

by search overlap
TerraPower71 shared keywordsTerraPower develops advanced nuclear reactors and related technologies to generate carbon-free electricity and heat for industrial decarbonization, while also producing radioisotopes for medical cancer treatments. The company addresses climate change and energy security through innovative nuclear technology.
X-Energy Website71 shared keywordsX-energy develops advanced nuclear energy technology, including small modular high-temperature gas reactors and TRISO fuel. Its reactors are designed to supply electricity and high-temperature steam for utilities and energy-intensive heavy industry.
Oklo63 shared keywordsOklo develops next-generation fast fission reactors for producing clean electricity at scale, with a focus on safety features and the ability to use recycled nuclear waste as fuel. The company's Aurora reactor is designed to generate up to 75 megawatts of electrical power.
Nano Nuclear Energy58 shared keywordsNANO Nuclear Energy is a vertically integrated company developing advanced portable microreactor technology, including the KRONOS MMR, spanning reactor design, safety analysis, fuel cycle facilities, and licensing. Publicly listed on NASDAQ, it serves the advanced nuclear energy sector.
Radiant42 shared keywordsRadiant Nuclear develops Kaleidos, a portable nuclear microreactor designed to replace diesel generators for remote locations and provide resilient backup power to hospitals, datacenters, and military installations.
Last Energy41 shared keywordsLast Energy develops modular micro nuclear power plants designed to reduce deployment time and cost. The company targets decarbonization of global energy production and increased access to reliable power through scaled nuclear technology.

Companies competing with Aalo Atomics for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 3

launches, deals, and filings
Jul 2026
Crusoe and Aalo form strategic partnership

source β†—

Jul 2026
Aalo achieves criticality

Aalo announced that its reactor achieved criticality.

source β†—

May 2026
DOE-Idaho approves Documented Safety Analysis for Aalo-X Critical Test Reactor

Aalo published that DOE-Idaho approved the Documented Safety Analysis for the Aalo-X Critical Test Reactor.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Aalo Atomics do?
Aalo Atomics builds mass-manufactured sodium-cooled microreactor power plants designed to power AI data centers.
Who founded Aalo Atomics?
Aalo Atomics was founded by Matt, Yasir in 2023.
Who are Aalo Atomics's investors?
Aalo Atomics's investors include Alumni Ventures, Basecamp Fund, Black Flag, Brave Capital, Crosscut Ventures, Dash VC, Dellin Investments, Earth Venture Capital and 23 more.
How much funding has Aalo Atomics raised?
Aalo Atomics has disclosed $100M raised across 1 of its 5 known rounds.