UAE-based CE-Ventures, the corporate venture capital arm of Crescent Enterprises, has announced its participation in the $100 million Series B funding round for Aalo Atomics, a US-based next-generation nuclear technology company.
The round was led by Valor Equity Partners, with participation from Fine Structure Ventures, Hitachi Ventures, Crosscut Ventures, and others, alongside CE-Ventures.
The funding will enable Aalo to build its first modular nuclear power plant, with a target to achieve zero-power criticality by July 2026, marking a milestone towards providing scalable and clean nuclear energy to meet the soaring demand from AI-optimized data centres.
This investment reflects CE-Ventures’ ongoing focus on frontier technologies, particularly as global electricity demand from AI-driven data centres is projected to quadruple by 2030. It also reinforces Crescent Enterprises’ strong legacy of investing in transformative companies shaping the future of energy, technology, and infrastructure.
