UAE-based CE-Ventures, the corporate venture capital arm of Crescent Enterprises, has participated in the $100 million Series B funding round for Aalo Atomics, a US-based company developing next-generation nuclear technology. The investment underscores CE-Ventures’ strategic focus on frontier technologies that support the infrastructure needs of the AI era.
By the Numbers
The funding will accelerate Aalo’s ambitious plans to address the surging energy demands of the tech industry:
- $100 Million: The total value of the Series B funding round.
- July 2026: The target date for Aalo’s first modular nuclear power plant to reach zero-power criticality.
- 4x Growth: The projected quadrupling of global electricity demand from AI data centers by 2030.
Powering the Future of AI Data Centers
Aalo Atomics is developing mass-manufactured, modular nuclear reactors specifically designed to provide a clean and reliable power source for AI-optimized data centers. The company has experienced significant momentum, having recently been selected by the US Department of Energy (DOE) for a fast-tracked testing program. Aalo plans to build an experimental data center next to its test plant to demonstrate how its reactors can directly power AI infrastructure.
A Strategic Investment in Frontier Technology
CE-Ventures’ participation highlights the growing recognition that the AI revolution requires a parallel revolution in clean energy. “The surge in AI adoption is driving unprecedented demand for reliable energy, and nuclear power can play a crucial role in meeting this demand with clean, scalable solutions,” said
Sudarshan Pareek, Senior Vice President at CE-Ventures. “With this latest capital deployment, we are strengthening our position as a global partner of choice for entrepreneurs building frontier technologies.”
Accelerating a New Atomic Age
The new capital will enable Aalo to build its first nuclear power plant, the Aalo-X, with the goal of achieving criticality—a key step in demonstrating the reactor’s viability—as early as next summer. “This could be the first advanced nuclear power plant to achieve criticality in the US in decades,” commented
Matt Loszak, CEO of Aalo Atomics. The successful fundraise, led by Valor Equity Partners, is a major step in helping nuclear energy fulfill its potential as a key enabler of global technological growth.
Source: Wamda
