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Apollo Atomics Secures $31 Million to Turn Proven Reactor Technology Into a Factory-Built Product

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MIT spinoff and Y Combinator-backed company is building the next generation of pressurized water reactors. Substantially oversubscribed seed round accelerates testing, manufacturing and regulator commercial approval.

CAMBRIDGE, Mass., Aug. 20, 2026 /PRNewswire/ — Apollo Atomics, an MIT spinoff building the next generation of pressurized water reactors (PWRs), today announced $31 million in seed financing to commercialize a nuclear platform designed to be manufactured at scale rather than constructed as a one-off megaproject. The Y Combinator-backed company will use the capital to expand demonstration and long-duration reliability testing, build manufacturing capacity and advance its regulatory work with the U.S. Nuclear Regulatory Commission (NRC).

The round was oversubscribed and led by FCVC. Participants included Y Combinator, Telesoft Partners, Alumni Ventures, Robinhood Ventures, Nucleation Capital, Pelion VC, and Duke Capital Partners. Notable individual investors included Evan Meagher, Paul Graham, Philip Johnston, Matteo Franceschetti and Ray Rothrock.

The defining constraint of the next industrial era may not be compute or manufacturing capacity. It is the ability to reliably and timely power its infrastructure. Data centers, manufacturers and utilities are planning around electricity needs that today’s grid and project timelines are not built to meet. Nuclear power can provide around-the-clock carbon-free energy, but conventional plants are typically delivered as bespoke construction projects with long delivery timelines.

Rather than replace the light water, commercial-grade low-enriched uranium fuel and established supply chains that underpin decades of reliable and safe PWR operating experience, Apollo redesigned the largest and most complex component in the nuclear steam system: the steam generator. The company’s proprietary compact steam system is designed to deliver an order of magnitude higher power density than conventional designs. Apollo says that advancement can reduce the overall reactor footprint by roughly 40 times, enabling its high power output design to be factory-built, transported by truck and deployed in less than 24 months.

Apollo was founded by Assil Halimi, an MIT Nuclear Engineering Ph.D. with extensive experience in reactor operations and advanced PWR design, and Drew Walker, a hard-tech founder and former White House director. The company has built and tested a working reactor-system demonstrator within MIT’s Department of Nuclear Science and Engineering to expand experimental validation of its hardware under prototypic commercial reactor conditions.

Apollo is also advancing its commercial regulatory pathway. The company submitted a regulatory engagement plan to the NRC earlier this year and is seeking NRC authorization by the end of 2026 for commercial use of the fuel configuration selected for its reactor, which has already achieved criticality at full power. By using commercially available fuel, established suppliers and familiar PWR materials and operating principles, Apollo aims to reduce the technology, supply-chain and licensing risk that has slowed many advanced-reactor programs.

Apollo is developing three reactor systems: the 10-megawatt electric A-10, the 50-megawatt A-50 and the 300-megawatt A-300. The portfolio is designed to serve data centers, industrial facilities, utilities and other large energy users. Apollo reports more than 20 gigawatts of signed letters of intent in its commercial pipeline.

The financing will support construction of Apollo’s next demonstration facility, the A-1 (a 1-megawatt commercial demonstrator); long-duration reliability testing; vertical integration of key manufacturing processes; expansion of engineering and operations capabilities; and continued engagement with the NRC. Apollo’s advisory board includes former NRC Chairman Christopher Hanson, investor Ray Rothrock, MIT professor Koroush Shirvan, utility leader Mike Rencheck, and other senior utility executives.

About Apollo Atomics

Apollo Atomics is an advanced reactor company developing compact pressurized water reactors designed to accelerate nuclear deployment. Built on more than 15 years of MIT research and testing, the company’s core breakthrough is a proprietary compact steam supply system that delivers approximately an order of magnitude higher power density than conventional designs, allowing Apollo to dramatically shrink the reactor while maintaining the same power output. The resulting reactor platforms are designed to be factory-built, transported by truck, and deployed in less than two years using commercially available fuel, established supply chains, and existing regulatory pathways. Apollo is developing 10 MW, 50 MW, and 300 MW electric reactor platforms for data centers, industrial facilities, utilities, and other large energy users. Learn more at https://www.apolloatomics.com/.

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SOURCE Apollo Atomics

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Avidian Wealth Solutions Surpasses $6 Billion in Assets Under Management (as of date)

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The $6 billion milestone underscores more than two decades of growth for the independent, fiduciary-led firm.

HOUSTON, Aug. 22, 2026 /PRNewswire-PRWeb/ — Avidian Wealth Solutions, an independent SEC-registered investment advisor firm serving families throughout Texas and across the United States, has grown its total assets under management to more than $6 billion. The milestone continues a multi-year growth trajectory for the firm, which surpassed $4 billion in AUM in 2023.

“We remain focused on the same mission that has guided us from the start: helping the families we serve better consolidate and coordinate their financial lives and plan for their financial futures,” says Avidian CEO Luke Patterson.

Avidian’s growth over the past several years reflects an expanding footprint and a broadening suite of services, including financial planning, investment management, private fund opportunities, risk management, and endowment/foundation services, all delivered through a family office-style model. The firm has continued to add planners and CPAs to its team as it has grown.

“This milestone reflects the dedication of our team and the trust our clients place in us,” says Avidian CEO Luke Patterson. “We remain focused on the same mission that has guided us from the start: helping the families we serve better consolidate and coordinate their financial lives and plan for their financial futures.”

Moving forward, Avidian will stay committed to its service-driven approach, continuing to invest in its team and its offerings on behalf of the individuals and families it serves.

ABOUT AVIDIAN WEALTH SOLUTIONS

Avidian Wealth Solutions is a team of independent fiduciaries who are committed to meeting the unique needs and challenges of our clients. With a comprehensive and evolving suite of services including but not limited to financial planning, investment management, and insurance solutions, we strive to minimize risk through all aspects of our business, by understanding trends and planning strategically — while consistently maintaining our core values of trust, credibility, and transparency. For more information, visit Avidianwealth.com

For more information, please contact Justin King at 281-822-8802 or email justinking@avidianwealth.com.

Media Contact

Justin King, Avidian Wealth Solutions, 1 281-822-8802, justinking@avidianwealth.com, https://avidianwealth.com/

View original content:https://www.prweb.com/releases/avidian-wealth-solutions-surpasses-6-billion-in-assets-under-management-as-of-date-302857576.html

SOURCE Avidian Wealth Solutions

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What If Your Selfie Became a Game? DREAMOSIS Turns You and Anything You Own Into a Collectible World

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DREAMOSIS is a new kind of mobile game where your selfie, everyday objects and real-world places become the building blocks of your own evolving collectible universe.

LONDON, Aug. 22, 2026 /PRNewswire/ — Take a selfie. Photograph anything around you. DREAMOSIS turns the combination into something that has never existed before — a unique digital Relic born from you and your world.

London-based Novifolium Ltd has launched DREAMOSIS, a mobile game built around a provocative idea:

What if the main character wasn’t designed by a game studio — because it was you?

Instead of entering somebody else’s predetermined universe, DREAMOSIS asks players to bring their own reality into the game.

Your face. Your possessions. The places you visit.

They become ingredients.

Take a selfie. Pick an object. See what you become.

The core experience starts with something almost everyone already does: taking a selfie.

Players combine a selfie + a photograph of virtually any object + a Dreamdrop discovered within DREAMOSIS.

Then the unexpected happens.

Those ingredients are transformed into a unique digital Relic that becomes part of the player’s collection.

A pair of sunglasses. A coffee cup. A souvenir found halfway around the world. Even something sitting forgotten on your desk.

If you can photograph it, it can become part of your DREAMOSIS world.

Because the ingredients come from the player, two people can play DREAMOSIS and emerge with radically different collections.

Dreamdrops hide parallel versions of the real world

Behind the selfie experience sits another layer: Dreamdrops.

Dreamdrops are collectible discoveries tied to parallel, imagined versions of real locations. Cities become explorable constellations of familiar landmarks, hidden places and unexpected curiosities — each reinterpreted through the DREAMOSIS universe.

A player exploring London, for example, might encounter Dreamdrops connected to places ranging from the British Museum and Highgate Cemetery to Little Venice, Portobello Road and the Barbican Conservatory — alongside more obscure locations waiting to be uncovered.

Some are visible. Others exist only as rumours until discovered.

But finding them is only the beginning.

The Dreamdrop becomes an ingredient. The player provides the selfie and the object. DREAMOSIS turns all three into something personal.

So a discovery associated with a real place can ultimately become a Relic that could belong to only one player.

This isn’t a game world. It’s your world, dreaming.

Traditional games create a universe and ask millions of people to enter it.

DREAMOSIS reverses that relationship.

It takes your face, your objects and echoes of places that actually exist and lets them collide inside a parallel collectible universe.

A journey can leave behind more than photographs.

A random possession can acquire another identity.

And a selfie can become the beginning of something that has never existed before.

The universe has already escaped the screen

DREAMOSIS doesn’t end as an app.

DREAMO — Novifolium’s physical collectible character series — was successfully backed on Kickstarter, demonstrating early interest in bringing the wider universe into physical form.

The relationship works in both directions: DREAMOSIS pulls people, objects and locations into its digital universe, while DREAMO brings characters from that creative world back into physical reality.

Together, the projects point toward a broader ambition:

A world that can move between person, place, screen and shelf.

What if the next entertainment universe is built from its audience?

Generative technology is changing how games, characters and digital worlds can be created.

DREAMOSIS asks a different question:

What happens when the player’s own face, possessions and experiences become the raw material?

Millions of players don’t have to experience exactly the same universe.

They can create millions of different ones.

One selfie. One object. One Dreamdrop. What will you become?

DREAMOSIS — The game doesn’t just give you a world. It dreams yours.

About DREAMOSIS

DREAMOSIS is a mobile interactive entertainment experience developed by Novifolium Ltd. Players combine selfies and photographs of real-world objects with collectible Dreamdrops connected to parallel interpretations of real locations, creating unique digital Relics and personal collections.

About DREAMO

DREAMO is Novifolium’s physical collectible character series. The project was successfully backed through Kickstarter and forms the physical collectible layer of the wider DREAMOSIS universe.

About Novifolium

Novifolium Ltd (Company No. 16788696) is a London-based company developing original entertainment, digital experiences and collectible intellectual property.

DREAMOSIS is available now on iOS and Android:
dreamosis.com/app

Media enquiries:
Novifolium Ltd — hello@novifolium.com

Press Contact: Augustine, https://www.novifolium.com/

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SOURCE Novifolium Ltd

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MillworkSuite Launches AI Estimating and Direct-to-CAD Platform That Cuts Drafting Time in Half

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Architectural PDFs become a priced, CAD-ready scope of work in minutes. Free trials and founder consultations at #C1662, Building C, Level 1, IWF Atlanta, August 25–28.

ORLANDO, Fla., Aug. 22, 2026 /PRNewswire/ — MillworkSuite today released its AI estimating and direct-to-drafting platform for millwork and casework manufacturers. The platform reads a set of PDF architectural drawings, returns a priced scope of work, and sends that same scope into HOMAG iX, Microvellum or CabinetVision as cabinet layouts already positioned on the wall. SMI Cabinetry cut its drafting time in half using MillworkSuite. The company will demonstrate the platform at #C1662, Building C, Level 1 at the International Woodworking Fair in Atlanta, August 25–28. Watch an entire drawing set converted to estimates & scope of work in a few minutes; Take a free trial, and book a session with the founder on doubling drafting productivity within two weeks. MillworkSuite product line was developed in collaboration with CLOUDSUFI, their technology partner.

Drafting is the bottleneck
Millwork shops lose jobs to the drafting queue. The demand is there. The queue is weeks deep, and skilled drafters cannot be hired fast enough to shorten it. A shop will estimate ten projects for every one it drafts, and drafting is what decides how much work moves through the building.

The work itself makes it worse. Starting a job in HOMAG iX,  Microvellum or CabinetVision means building the same wall the drafter built last week. Every box gets placed by hand. Every unit takes twenty-odd parameters. After that comes the copying and pasting and nudging until the gaps close, and none of it draws on the judgment a drafter spent years acquiring.

“MillworkSuite started as a drafting tool, not an estimating tool. I have a cabinet shop with a drafting backlog, and no amount of hiring was going to fix it fast enough. The estimating front end exists because you cannot automate a drafting package from drawings no one has scoped yet — but drafting is the bottleneck, and it always was. Getting the grunt work off of a drafter and doubling their productivity is worth more to a millwork shop than anything I could do on the estimating side alone. CLOUDSUFI helped accelerate our vision and launch MillworkSuite today. ” — Rob Hull, Founder, MillworkSuite

What direct-to-drafting changes
MillworkSuite exports an entire elevation in one pass. Every cabinet lands on the wall where the architect drew it. The same scope drives the estimate and the CAD export, so a project gets measured once instead of three times.

Drafters keep the work that needs them: banners, labeling, material breakouts, material lists and custom items. The repetitive build-up is what the platform takes off their desk.

Built only for millwork
Most takeoff tools serve construction broadly. MillworkSuite serves one trade. It covers uppers, bases, countertops, vanities, toe kicks and soffits, and the drafting logic behind them.

Platform capabilities

Drafting export

The whole elevation exports in one pass. Every cabinet sits on the wall as drawn.
Sizes adjusted during estimating carry through to CAD. Units arrive at the confirmed width, height and depth.
A mapping table links detected millwork types to the shop’s own HOMAG iX, Microvellum or CabinetVision product types.
Narrow a base cabinet and the adjacent units shift to close the gap. No manual re-alignment.
Project data is encrypted. MillworkSuite cannot access it.

Estimating
The estimating side feeds the export. On import, the platform renames every sheet and groups it by drawing set. It then scans the set for room names, drawing scales and millwork types, and ties each elevation marker to the sheet it references. Dimensions and areas are computed from page scale and totaled across sheets. The shop sets its own material, labor and overhead rates and applies discounts by line item, by category, or across the board. The priced estimate becomes a submission-ready scope of work, and nothing gets keyed in twice. Revision sets (CCDs, addenda, re-issues) are grouped by sheet number against the originals, so changes surface before drafting starts.

Availability and pricing
MillworkSuite is generally available now. Subscription pricing is tiered by capability.

Takeoff covers estimating and takeoff only, sold exclusively through authorized partners.
Starter and Premium add direct-to-CAD drafting export, sold direct or through the partner channel.
Enterprise configurations are built for shops with high estimating and drafting volume.

Annual pre-payment carries a discount. New customers go through a structured onboarding period: pricing catalog setup, CAD library mapping and team training.

See it live at IWF Atlanta

#C1662, Building C, Level 1, Georgia World Congress Center, August 25–28
Live demonstrations from 8am to 5pm daily
See live drawing set converted into estimates using AI. Register at millworksuite.com.
A free working session on getting twice the drafting output from the drafters already on staff
Exclusive Show Offer: Stop by our booth for a live demonstration of MillworkSuite. Discover how our AI turns architectural drawings into Estimates and detailed Scope of Work in just a few minutes; then seamlessly export them to your preferred CAD system with a single click.

About MillworkSuite
MillworkSuite is an AI-powered estimating and direct-to-drafting platform built exclusively for millwork and casework manufacturers. It exports directly to HOMAG iX, Microvellum and CabinetVision. The company is headquartered in Orlando, Florida. Visit www.millworksuite.com

Technology partner
CLOUDSUFI, an AI-native technology company, developed and trained custom open-weight models for MillworkSuite.

View original content:https://www.prnewswire.com/news-releases/millworksuite-launches-ai-estimating-and-direct-to-cad-platform-that-cuts-drafting-time-in-half-302857729.html

SOURCE CLOUDSUFI

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