Matt Schmidt

Very excited to announce that Aalo has closed a $27M Series A! We’re honored to be partnering with an incredible group of investors going into this next chapter. The future of nuclear is bright, and Aalo is just getting started. We’re on a mission to make small nuclear reactors in large factories. This will enable predictable low costs and short construction timelines, making clean energy a reality, any place, any time. Here’s what resonated most with our backers: ➡️ Speed: We raised our $6M Seed just about a year ago, and in the past 9 months we've scaled the team to 15 ppl, finished conceptual design of our reactor, signed a Siting MOU with the DOE, and submitted our REP to the NRC with agreement from a first customer. ➡️ Technology: Compelling economics thanks to high fuel energy density, simplified reactor inherent safety, and a focus on factory manufacturability from day 1. There exists an optimal balance between economy of numbers and economy of scale in nuclear, and we intend to find it. ➡️ Team: Highly experienced and credible team. Many worked on MARVEL program, and delivered first DOE authorization for construction of a new reactor since the DOE was formed in 1977. VP of Regulatory Affairs who helped pioneer the modern RIPB licensing framework used by most advanced nuclear companies today. (And more). ➡️ Master Plan: Unique strategy around go-to-market, regulatory approval, and technical de-risking. More to be announced here soon! Interested in joining the team, partnering, or visiting us in Austin or Idaho Falls? Please do reach out! 👋 And once again, thanks to @fiftyyears, @valorep, @HarpoonVentures, @CrosscutVC , @dropalltables, @alumniventures, @PWVentures, @Earth_Venture, @GarageCapital , @yuris , @JeffDean, @nucleationvc, @AMECloudVC, @TK_H_E_N_R_Y_7, @18WheelerG, @MattBellamy, @AbhayVenkatesh1, @guthrie_gg, Matt Sweeney, @calvinfo, and some that we can't speak of publicly. Kudos to the whole @AaloAtomics team, cc Yasir (@yasir_fission), Amir, Richard, Jeff, Luke (@Steel342000), Kyle, Gavin (@FissionableFrog), Asmaa (@AsmaaNuc55), Kerwin, Wheeler (@18WheelerG), Matt H, Tim, & Nick (@njcostelloe) Blog post here: aalo.com/post/aalo-atomics-r…