Applied Atomics Raising $2 Million

Applied Atomics recently emerged from stealth, announcing an oversubscribed $2 million pre-seed funding round led by Alpaca VC. The company was founded by engineers with backgrounds in launch and infrastructure projects from the New Space sector, including experience on the Falcon 9 program.

The company is developing co-located small modular reactor (SMR) powerplants designed to provide clean, scalable energy to industries with high electricity demands—such as data centers, hydrogen production, desalination, and e-fuel manufacturing.

They use Gen III+ light water reactor designs and commercially available low-enriched uranium (LEU) fuel, allowing for faster deployment and regulatory approval. By designing the full powerplant—not just the reactor—they aim to reduce complexity and better manage project timelines and costs.

Source: atommill.applied-atomics.com

T.T.