CE-Ventures, the corporate venture capital arm of Crescent Enterprises, has joined the $100 million Series B round of Aalo Atomics, a US-based nuclear technology startup developing next-generation modular reactors.
The round was led by Valor Equity Partners with participation from Fine Structure Ventures, Hitachi Ventures, Crosscut Ventures, and others.
Founded in 2022, Aalo has rapidly positioned itself at the forefront of the advanced nuclear race.
The company was recently selected by the US Department of Energy’s (DOE) Reactor Pilot Program for fast-tracked testing of its technology—a milestone that allows accelerated demonstration of modular reactors as a scalable energy solution.
With the new funding, Aalo will move ahead with construction of its first nuclear power plant, the Aalo-X, targeting zero-power criticality by July 2026.
CE-Ventures Meeting AI’s Energy Demands
Aalo’s reactors are designed for mass manufacturing, offering a cost-effective, clean, and reliable source of power. The company is planning a first-of-its-kind experimental data centre alongside its test plant, showcasing how advanced nuclear can directly power AI infrastructure.
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“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.”
Global forecasts reinforce this urgency. The International Energy Agency (IEA) projects that electricity demand from AI-optimised data centres will more than quadruple by 2030, underscoring the need for resilient, carbon-free energy systems.
A New Atomic Age
Aalo’s CEO Matt Loszak described the fundraise as a turning point: “We now have the capital to build our first nuclear power plant, the Aalo-X, which we’re aiming to turn on next summer. This could be the first advanced nuclear plant to achieve criticality in the US in decades.”
For CE-Ventures, the deal extends its track record of investing in frontier technologies spanning AI, infrastructure, and clean energy.
Its parent company, Crescent Enterprises, has long been a regional leader in unlocking impactful capital across technology and energy platforms, strengthening UAE-US innovation ties.
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