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September 12, 2024 - Deals

Smartcat Secures $43 Million In Series C Funding Led By Left Lane Capital

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Smartcat, an AI-powered translation platform founded in 2016 by Ivan Smolnikov, recently secured $43 million in Series C funding led by Left Lane Capital. This round boosts the company’s total funding to $70 million. Smartcat offers a comprehensive suite of tools and services for translating content into approximately 280 languages, combining AI translation with human review for enhanced accuracy. The new funding will support team expansion, product development, and marketing efforts. With over 1,000 corporate customers, including 20% of the Fortune 500, Smartcat aims to continue its growth in the competitive AI translation market. INVESTOR: Left Lane Capital ROUND: Series C AMOUNT: $43,000,000 HQ: #Cambridge #Massachusetts #VentureCapital #Smartcat #LeftLaneCapital #IvanSmolnikov #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
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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
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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