With Varda Space, leading Silicon Valley players make big bet on making drugs in space: https://t.co/GVsb7yNCah by TechCrunch #infosec #cybersecurity #technology #news
With Varda Space, leading Silicon Valley players make big bet on making drugs in space | TechCrunch https://t.co/cl8BrIaOJ2
After some success in space, Varda raises $187 million to expand ambitions https://t.co/5HbeDn8iKk
Varda Space Industries, a space startup focused on manufacturing drugs in orbit, has secured $187 million in a Series C funding round. The round was led by venture capital firms Natural Capital and Shrug Capital. The funding aims to advance Varda's technology for robotic drug manufacturing in space, expanding its ambitions beyond initial successes. The company envisions establishing large-scale laboratories in orbit, which it describes as potentially visible from Earth. This investment reflects growing interest from leading Silicon Valley players in the potential of space-based pharmaceutical production. Separately, data center infrastructure automation startup Spacelift raised $51 million to support its growth.