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March 18, 2025 - Deals
Pilgrim Secures $3.25 Million Funding From Thiel Capital Cantos And Refactor
Pilgrim, a biotech startup founded by Thiel Fellow Jake Adler, is pioneering nanotechnology, bioelectronics, and AI-driven solutions to enhance military resilience and anti-threat biosurveillance. The company recently secured $3.25 million in funding from Thiel Capital, Cantos, and Refactor to advance its "Voyager" biotech platform, which includes nanoparticle-enabled vaccines and bio-hybrid wound-healing adhesives. Pilgrim aims to rapidly deploy innovative biotech for defense applications, with potential dual-use in civilian medicine, leveraging fast-track DoD-FDA approval pathways to accelerate development.
FOUNDER: Thiel Fellow Jake Adler
INVESTORS: Thiel Capital, Cantos, Refactor, Joshua Browder & Cory Levy
AMOUNT: $3,250,000
HQ: #RedwoodCity #California
#VentureCapital #Pilgrim #ThielCapital #Cantos #Refactor #ThielFellowJakeAdler #JoshuaBrowder #CoryLevy #TradedVC
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Volta Infrastructure Holdings Secures $300 Million Funding From Azora Andreessen Horowitz And Altimeter CapitalVolta Infrastructure Holdings, a London, Palo Alto, CA and New York City-based AI infrastructure platform and NVIDIA Cloud Partner, has emerged from stealth with $300 million in combined Seed and Series A funding at a $2.4 billion valuation. The rounds were led by Azora, Andreessen Horowitz and Altimeter Capital, with participation from NVIDIA, Matter Venture Partners and Michael Dell’s family office. Led by co-founders Ricard Boada (CEO) and Sofia Gumuzio (Chief Corporate Development Officer), Volta will use the capital to scale its engineering and platform teams and develop gigascale AI Factories, including a $10 billion contract to build a 133 MW AI factory campus in Norway with Bitdeer.
FOUNDER: Ricard Boada Rafart
INVESTORS: Azora, Andreessen Horowitz (a16z), Altimeter Capital, NVIDIA & Matter Venture Partners
ROUND: Seed & Series A
AMOUNT: $300,000,000
VALUATION: $2,400,000,000
HQ: Palo Alto, California
#VentureCapital #VoltaInfrastructureHoldings #RicardBoadaRafart #TradedVC
Teledyne Technologies Acquires Varex Imaging For $1.1 Billion In CashTeledyne Technologies has agreed to acquire Varex Imaging for $18.90 per share in cash, valuing the deal at approximately $1.1 billion including equity awards and net debt. Varex CEO Sunny Sanyal said the transaction offers a substantial premium to shareholders and new opportunities across its medical and industrial markets; the deal is expected to close in early 2027.
ACQUISITION: Teledyne Technologies - Varex Imaging
DEAL VALUE: $1,100,000,000
HQ: Thousand Oaks, California
#VentureCapital #TeledyneTechnologies #VarexImaging #TradedVC
Cambridge Aerospace Secures $300 Million Series C Funding At $3.4 Billion ValuationCambridge Aerospace has raised $300 million in a Series C round at a $3.4 billion valuation, led by DFJ Growth and backed by Lux, Accel, Lakestar, Never Lift, Ora Global and Elad Gil & Co. The funding will support the UK air defense company’s manufacturing expansion, delivery of existing and new contracts, and development of next-generation systems, including Starhammer, which is expected to launch in 2027. CEO Professor Steven Barrett said the funding will help the company scale manufacturing and meet growing demand from Allied nations, following its $200 million Series B at a $1.3 billion valuation in April.
FOUNDER: Junaid Hussain
INVESTORS: DFJ Growth, Lux, Accel, Lakestar, Never Lift, Ora Global & Elad Gil & Co
ROUND: Series C
AMOUNT: $300,000,000
VALUATION: $3,400,000,000
HQ: London, United Kingdom
#VentureCapital #CambridgeAerospace #JunaidHussain #TradedVC