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Startups & Venture·September 23, 2026·1 min read

Dan Ives Joins Closed-End Fund Wave With AI-Focused Vehicle

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AI-focused closed-end funds offering public investors exposure to private startups are another sign that AI is being financialized as a theme, not just a sector. Founders should expect more secondary liquidity options—and more pressure to fit into pre-packaged AI narratives for capital access.

Startups & Venture

Pilgrim, whose device combines air sampling and genomic sequencing to detect biological threats, raised a $25M seed led by Buckley at a $150M valuation

A $25M seed at a $150M valuation for a 50-pound bio-threat detector says biodefense is moving from policy paper to deployable hardware. Operators in dense campuses, logistics, and critical infrastructure should start mapping where continuous air/genomic sensing fits into their risk stack and insurance conversations.