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Valar's $1B Nuclear Bet, HappyRobot Unicorn & EA's $55B Exit
Audio is available on Spreaker — see link below.
Sequoia backs Valar Atomics with $1B to power AI data centers, HappyRobot hits unicorn status on real retention metrics, and EA exits Nasdaq in a $55B take-private. Today's briefing covers 7 stories across energy infrastructure, supply chain AI, and gaming's biggest deal in years.
Audio is available on Spreaker — see link below.
Valar Atomics just closed a one billion dollar Series B led by Sequoia, and the pitch isn't complicated: AI needs power, nuclear can provide it, and every other solution is too slow or too small. That's the bet.
Running alongside the nuclear story is a quieter but strategically connected raise. Ore Energy, a Dutch startup, closed a forty-three million dollar Series A led by Plural and HV Capital to build Europe's first iron-air battery factory.
On the software side, HappyRobot raised a one hundred and fifty million dollar Series C at a one-point-two billion dollar valuation. The investors are Prysm Capital and Eurazeo.
IREN, the AI cloud infrastructure company, completed its acquisition of Mirantis for roughly forty million dollars in cash plus equity. Mirantis brings software orchestration capabilities.
Electronic Arts has been delisted from Nasdaq. An investor consortium completed the fifty-five billion dollar acquisition at two hundred and ten dollars per share.
New York startup funding fell fifty-four percent month over month in July, dropping to one-point-eight-one billion dollars. The year-to-date number is still up fifty-six percent versus last year, which is the more important frame.
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