Insights
Search Results
Client Highlights
5.29.26
Wilson Sonsini Advises Arc on $10.76 Million Seed Funding
On May 26, 2026, voice AI start-up Arc announced the launch of its drive-through platform and a $10.76 million Seed funding round led by Andreessen Horowitz, with participation by Adverb Ventures, Broadway Restaurant Group, LLC, United Talent Agency, and others. Wilson Sonsini Goodrich & Rosati advised Arc on the financing.
Founded by Square and Cash App veterans Mike MacLennan and Ali Hussain, Arc is the only voice AI platform purpose-built to bring e-commerce-grade optimization to the drive-through. Powered by its proprietary AI voice ordering system, Arc’s platform “lets operators manage their drive-through with the precision, measurability, and curated experience of a modern digital channel,” according to MacLennan. The company is already working with two major fast-food chains and says its system can complete orders on its own over 95 percent of the time.
The Wilson Sonsini team that advised Arc on the financing included Mark Baudler, Jonathan Chan, Jocqui Kaup, Peter Bratton, James Power, Mounika Yepuri, and Annie Xu.
For more information, please see coverage from Fortune and Startup Fortune.
Founded by Square and Cash App veterans Mike MacLennan and Ali Hussain, Arc is the only voice AI platform purpose-built to bring e-commerce-grade optimization to the drive-through. Powered by its proprietary AI voice ordering system, Arc’s platform “lets operators manage their drive-through with the precision, measurability, and curated experience of a modern digital channel,” according to MacLennan. The company is already working with two major fast-food chains and says its system can complete orders on its own over 95 percent of the time.
The Wilson Sonsini team that advised Arc on the financing included Mark Baudler, Jonathan Chan, Jocqui Kaup, Peter Bratton, James Power, Mounika Yepuri, and Annie Xu.
For more information, please see coverage from Fortune and Startup Fortune.
Client Highlights
4.08.26
Firm Advises Katana on Its Acquisition of IDEX
On March 23, 2026, Katana, a DeFi blockchain built around a tightly integrated trading stack, announced it has completed the acquisition of IDEX, a decentralized exchange and on-chain trading infrastructure team, and launched Katana Perps, a native perpetual futures platform. Katana was incubated by Polygon and GSR Markets. Wilson Sonsini Goodrich & Rosati advised Katana on the transaction.
Client Highlights
4.03.26
Wilson Sonsini Advises Latitude on $8 Million Financing
On March 31, 2026, Latitude, a cross-border payments company, emerged from stealth and announced an $8 million financing round led by NEA, with participation from Lightspeed Faction, Coinbase, Paxos, and Solana Foundation, among other investors. Latitude’s flagship product, Global Fiat Payouts, enables U.S. businesses to pay recipients in more than 50 countries by converting dollars to stablecoins and then into local fiat currency. Its second product, International Stablecoin On-and-Off-Ramps, is embeddable directly into wallets and fintechs, and gives users a single API to move between local fiat and stablecoins across multiple markets.
Client Highlights
3.25.26
Wilson Sonsini Advises Sans Strings Studio on $5.5 Million Series Seed Financing
On March 25, 2026, animation and gaming company Sans Strings Studio announced that it has closed a $5.5 million Series Seed round. The financing was led by Red River West, with participation from a16z speedrun, Sisu Game Ventures, Kima Ventures, and several angel investors. Wilson Sonsini Goodrich & Rosati advised Sans Strings on the transaction.
Founded by Ryan Corniel, with his extensive background spanning from graphic design to VR development, and Sébastien Deguy, an Academy Award and Emmy-winning pioneer in computer graphics, Sans Strings Studio represents a fusion of creative vision and technical innovation that aims to shape the future of real-time interactive production. The company built F.E.L.T. (Fuzz-E Logic Toolset), a real-time performance system designed to put creators back in the driver's seat of animation and game development, which is the driver of its flagship project, “Felt That: Boxing.”
The Wilson Sonsini team that advised Sans String on the financing includes Jonathan Chan, Mark Baudler, Lauren Lichtblau, Peter Bratton, Utsav Lall, and Joseph Auer.
Founded by Ryan Corniel, with his extensive background spanning from graphic design to VR development, and Sébastien Deguy, an Academy Award and Emmy-winning pioneer in computer graphics, Sans Strings Studio represents a fusion of creative vision and technical innovation that aims to shape the future of real-time interactive production. The company built F.E.L.T. (Fuzz-E Logic Toolset), a real-time performance system designed to put creators back in the driver's seat of animation and game development, which is the driver of its flagship project, “Felt That: Boxing.”
The Wilson Sonsini team that advised Sans String on the financing includes Jonathan Chan, Mark Baudler, Lauren Lichtblau, Peter Bratton, Utsav Lall, and Joseph Auer.
Client Highlights
3.18.26
Wilson Sonsini Advises Lead Investor Pantera Capital on Novig’s $75 Million Series B
On February 18, 2026, Novig, a peer-to-peer sports trading platform and prediction market, announced the close of a $75 million Series B round led by Pantera Capital, with participation from Multicoin Capital, Makers Fund, Edge Equity, and existing investors Forerunner, Perceptive Ventures, and NFX. The round brings Novig's total capital raised to more than $105 million. Wilson Sonsini Goodrich & Rosati advised Pantera Capital on the transaction.
Client Highlights
1.21.26
Wilson Sonsini Advises Meld on $7 Million Strategic Round
On January 14, 2026, Meld, a network for accessing digital assets and stablecoins, announced the close of a $7 million strategic funding round led by Lightspeed Faction, with participation from F-Prime, Yolo Investments, and Scytale Digital. Wilson Sonsini Goordrich & Rosati advised Meld on the transaction.
Client Highlights
1.14.26
Wilson Sonsini Advises Polygon Labs on Acquisitions of Coinme and Sequence
On January 13, 2026, Polygon Labs announced definitive agreements to acquire Coinme and Sequence for more than $250 million to expand into regulated stablecoin payments in the U.S. Both companies will play foundational roles in building Polygon's forthcoming Open Money Stack, which aims to facilitate instant and reliable money movement. The Polygon Open Money Stack includes physical cash and digital fiat on- and off-ramps, wallet infrastructure, and cross-chain orchestration through intents. Wilson Sonsini Goodrich & Rosati is advising Polygon on both transactions.
Client Highlights
12.11.25
Wilson Sonsini Advises Runware on $50 Million Series A
On December 11, 2025, Runware, which powers media generation for some of the largest marketing and social content platforms in the world, announced that it has raised $50 million in Series A financing. The round was led by Dawn Capital, alongside Comcast Ventures, DST, Speedinvest, and insiders including Insight Partners and a16z speedrun. Wilson Sonsini Goodrich & Rosati advised Runware on the transaction.
Client Highlights
11.26.25
Wilson Sonsini Advises Palo AI on Launch and $3.8 Million Financing
On November 24, 2025, Palo AI, an AI-enabled platform for content creators, announced its launch with $3.8 million in funding from Peak XV and NFX. The platform, co-founded by Jay Neo, a former content lead for short videos at MrBeast, provides content creators with planning tools for future content ideas, account analytics and personal insights into what content is most successful, and access to a community of fellow creators. Wilson Sonsini Goodrich & Rosati advised Palo on the transaction.
Client Highlights
10.24.25
Wilson Sonsini Advises Tesser on $4.5 Million Seed Round
On October 21, 2025, Tesser announced that it has secured $4.5 million in seed funding for its cross-border stablecoin payments solution in a round led by Castle Island Ventures alongside Strobe Ventures and Anthemis, with participation from other strategic investors. Wilson Sonsini Goodrich & Rosati advised Tesser on the transaction.
Founded by Geetha Panchapakesan, a payments veteran who spent 18 years at MoneyGram, Visa Direct, and Circle, the company’s stablecoin payment platform addresses a critical gap: licensed financial institutions want to enable stablecoins, but lack the technical infrastructure to do so quickly and compliantly. The platform handles wallet provisioning, treasury management, compliance orchestration, and reconciliation—abstracting blockchain complexity and allowing institutions to maintain full control over risk and customer relationships.
The Wilson Sonsini team that advised Tesser on the transaction included Jonathan Chan, Kyle Canchola, and Kelly Stern.
For more information, please see Tesser’s news release.
Founded by Geetha Panchapakesan, a payments veteran who spent 18 years at MoneyGram, Visa Direct, and Circle, the company’s stablecoin payment platform addresses a critical gap: licensed financial institutions want to enable stablecoins, but lack the technical infrastructure to do so quickly and compliantly. The platform handles wallet provisioning, treasury management, compliance orchestration, and reconciliation—abstracting blockchain complexity and allowing institutions to maintain full control over risk and customer relationships.
The Wilson Sonsini team that advised Tesser on the transaction included Jonathan Chan, Kyle Canchola, and Kelly Stern.
For more information, please see Tesser’s news release.
Client Highlights
10.20.25
Wilson Sonsini Advises Lead Investor Pantera Capital on Coinflow’s $25 Million Series A
On October 8, 2025, next-generation payment service provider Coinflow announced a $25 million Series A funding round led by Pantera Capital, with participation from CMT Digital, Coinbase Ventures, The Fintech Fund, Jump Capital, and Reciprocal Ventures. Wilson Sonsini Goodrich & Rosati advised lead investor Pantera Capital on the transaction.
Coinflow is pioneering payments innovation by combining stablecoins, AI-driven fraud prevention, and blockchain proof-of-delivery into a single platform. The financing will accelerate development of the company’s unified global pay-in and payout infrastructure with instant settlement via stablecoins.
Coinflow is pioneering payments innovation by combining stablecoins, AI-driven fraud prevention, and blockchain proof-of-delivery into a single platform. The financing will accelerate development of the company’s unified global pay-in and payout infrastructure with instant settlement via stablecoins.
Client Advisories
10.13.25
Enhanced Protection for DeFi Lenders, Buyers, and Investors Under Recent and New UCC Amendments
One of the primary use cases for crypto and digital assets has been lending and borrowing against such crypto assets as collateral, representing billions of dollars of activity. Crypto-backed loans are offered by centralized financial institutions, crypto exchanges, and decentralized finance (DeFi) protocols. Holders of crypto assets have long sought to borrow against their digital assets as collateral to generate leveraged returns and increase yield, such as the recent wave of digital asset treasury (DAT) companies.