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Announced

Completed

Starshot Capital led a $25m Series A round in Phaidra.

Financials

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Transaction Value£16m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Cross Border

Completed

Single Bidder

United States

Software

Friendly

Minority

Venture Capital

Private Equity

artificial intelligence

Private

Synopsis

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Starshot Capital led the Series A round in Phaidra, a provider of artificial intelligence tools, with participation from Helena, Flying Fish, Ahren Innovation Capital, Section 32, Character, and Mustafa Suleyman. “Whether you’re talking pharmaceutical manufacturing or data centers — they both utilize similar heating and cooling technologies. Phaidra’s approach is to create AI control systems for specific systems that apply across many different industrial applications,” Jim Gao, Phaidra CEO and co-founder.

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