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3.31.26
Wilson Sonsini Advises Crosspoint Capital Partners on TENEX.AI’s $250 Million Series B
On March 31, 2026, TENEX.AI, the AI SOC company transforming security operations, announced a $250 million Series B round of financing led by Crosspoint Capital Partners. Wilson Sonsini Goodrich & Rosati advised Crosspoint on the transaction.
The proceeds from the Series B will accelerate TENEX.AI’s global expansion and significantly scale the human expertise behind its AI-native managed detection and response (MDR) service, expanding the team of defenders and engineers delivering cybersecurity outcomes. The TENEX.AI platform enables AI-driven triage, investigation, hunting, and response to threats in under a minute—with 100 percent alert coverage and human analysts governing every decision and accountable for every outcome.
The Wilson Sonsini team that advised Crosspoint on the financing included:
Corporate
Becki DeGraw
Travis Scheft
Michael Murrietta
Enid Qin
The proceeds from the Series B will accelerate TENEX.AI’s global expansion and significantly scale the human expertise behind its AI-native managed detection and response (MDR) service, expanding the team of defenders and engineers delivering cybersecurity outcomes. The TENEX.AI platform enables AI-driven triage, investigation, hunting, and response to threats in under a minute—with 100 percent alert coverage and human analysts governing every decision and accountable for every outcome.
The Wilson Sonsini team that advised Crosspoint on the financing included:
Corporate
Becki DeGraw
Travis Scheft
Michael Murrietta
Enid Qin
Client Highlights
1.23.26
Wilson Sonsini Advises Brex on $5.15 Billion Acquisition by Capital One
On January 22, 2026, Capital One announced that it has entered into a definitive agreement to acquire Brex, in a combination of stock and cash transaction valued at $5.15 billion. Brex is a modern, AI-native software platform offering intelligent finance solutions that make it easy for businesses to issue corporate cards, automate expense management, and make secure, real-time payments. The transaction is expected to close in the middle of 2026, subject to customary closing conditions. Wilson Sonsini Goodrich & Rosati advised Brex on the transaction.
Client Highlights
2.18.25
Wilson Sonsini Advises Anduril on Partnership with Microsoft to Advance U.S. Army’s IVAS Program
On February 11, 2025, Microsoft Corp. and Anduril Industries, a leader in defense technology, announced an expanded partnership to drive the next phase of the U.S. Army’s Integrated Visual Augmentation System (IVAS) program. Through this partnership agreement, and pending Department of Defense approval, Anduril will assume oversight of production, future development of hardware and software, and delivery timelines. This agreement also establishes Microsoft Azure as Anduril’s preferred hyperscale cloud for all workloads related to IVAS and Anduril AI technologies. Wilson Sonsini Goodrich & Rosati advised Anduril on the transaction.
The IVAS program represents a groundbreaking step forward in military technology, providing soldiers with a comprehensive, body-worn system that integrates advanced augmented reality (AR) and virtual reality (VR) to give warfighters beyond line-of-sight perception capabilities, increasing combat effectiveness, survivability against drones, and accelerating mission command of unmanned systems.
The collaboration between Anduril and Microsoft leverages the distinct strengths of each company, ensuring continuity in the program while advancing IVAS goals of enhancing combat effectiveness, awareness, and decision-making on the battlefield. Anduril’s mission focus on innovation in defense technology, deep understanding of military requirements, and unique approach to manufacturing defense products will ensure future program development specifically tailored to the evolving needs of the Army, as well as production at scale and at lower unit cost.
The Wilson Sonsini team that advised Anduril on the transaction includes:
The IVAS program represents a groundbreaking step forward in military technology, providing soldiers with a comprehensive, body-worn system that integrates advanced augmented reality (AR) and virtual reality (VR) to give warfighters beyond line-of-sight perception capabilities, increasing combat effectiveness, survivability against drones, and accelerating mission command of unmanned systems.
The collaboration between Anduril and Microsoft leverages the distinct strengths of each company, ensuring continuity in the program while advancing IVAS goals of enhancing combat effectiveness, awareness, and decision-making on the battlefield. Anduril’s mission focus on innovation in defense technology, deep understanding of military requirements, and unique approach to manufacturing defense products will ensure future program development specifically tailored to the evolving needs of the Army, as well as production at scale and at lower unit cost.
The Wilson Sonsini team that advised Anduril on the transaction includes:
Client Highlights
2.13.25
Wilson Sonsini Advises Intevac on Acquisition by Seagate
On February 13, 2025, Seagate Technology Holdings plc, a leading innovator of mass-capacity data storage, and Intevac, Inc., a supplier of thin-film processing systems, announced that Seagate has entered into a definitive agreement to acquire Intevac in an all-cash transaction for $4.00 per share. Wilson Sonsini Goodrich & Rosati has represented Intevac for decades and advised the company in connection with this acquisition.
In connection with the closing of the transaction, Intevac will pay a one-time special dividend of $0.052 per share. Separately, Intevac’s board of directors has declared a regular quarterly dividend of $0.05 per share, which will be paid on March 13, 2025, to Intevac stockholders of record as of February 28, 2025. The transaction and the special dividend deliver aggregate consideration to Intevac stockholders of $4.052 per share, or $4.102 per share including Intevac’s regular quarterly dividend. This represents a premium of 45 percent to Intevac’s closing price of $2.83 per share on December 11, 2024, one day prior to Intevac’s announcement that it had renewed its focus on pursuing strategic options; a premium of approximately 21 percent to Intevac’s closing price of $3.38 per share on February 12, 2025; and an aggregate value of approximately $119 million, including both dividends.
In connection with the closing of the transaction, Intevac will pay a one-time special dividend of $0.052 per share. Separately, Intevac’s board of directors has declared a regular quarterly dividend of $0.05 per share, which will be paid on March 13, 2025, to Intevac stockholders of record as of February 28, 2025. The transaction and the special dividend deliver aggregate consideration to Intevac stockholders of $4.052 per share, or $4.102 per share including Intevac’s regular quarterly dividend. This represents a premium of 45 percent to Intevac’s closing price of $2.83 per share on December 11, 2024, one day prior to Intevac’s announcement that it had renewed its focus on pursuing strategic options; a premium of approximately 21 percent to Intevac’s closing price of $3.38 per share on February 12, 2025; and an aggregate value of approximately $119 million, including both dividends.
Client Highlights
10.22.24
Wilson Sonsini Advises Stripe on Acquisition of Bridge
On October 21, 2024, financial infrastructure platform Stripe confirmed that it is acquiring stablecoin infrastructure provider Bridge. Wilson Sonsini Goodrich & Rosati advised Stripe on the transaction.
“Stablecoins are room-temperature superconductors for financial services. Thanks to stablecoins, businesses around the world will benefit from significant speed, coverage, and cost improvements in the coming years. Stripe is going to build the world’s best stablecoin infrastructure, and, to that end, we are delighted to welcome Bridge to Stripe,” wrote Stripe CEO Patrick Collison on X.
The transaction, which is subject to regulatory approvals and other closing conditions, is expected to close in the coming months.
The Wilson Sonsini team that advised Stripe on the transaction includes:
“Stablecoins are room-temperature superconductors for financial services. Thanks to stablecoins, businesses around the world will benefit from significant speed, coverage, and cost improvements in the coming years. Stripe is going to build the world’s best stablecoin infrastructure, and, to that end, we are delighted to welcome Bridge to Stripe,” wrote Stripe CEO Patrick Collison on X.
The transaction, which is subject to regulatory approvals and other closing conditions, is expected to close in the coming months.
The Wilson Sonsini team that advised Stripe on the transaction includes:
Client Highlights
6.18.24
Wilson Sonsini Advises Mobile Health on Acquisition by H.I.G. Growth
On June 17, 2024, H.I.G. Growth Partners (H.I.G. Growth), the dedicated growth capital investment affiliate of H.I.G. Capital, announced the acquisition of Mobile Health Consumer, Inc. (Mobile Health), an end-to-end digital health, wellness, and virtual care SaaS platform. Wilson Sonsini Goodrich & Rosati represented Mobile Health on the transaction.
Press Releases
12.04.23
Wilson Sonsini Goodrich & Rosati Elects 20 New Partners
Contact:
Kimberly Brooks
Wilson Sonsini
+1 212.453.2881
kbrooks@wsgr.com
Kimberly Brooks
Wilson Sonsini
+1 212.453.2881
kbrooks@wsgr.com
Client Highlights
12.03.23
Wilson Sonsini Advises Hawaiian Airlines on $1.9 Billion Acquisition by Alaska Airlines
On December 3, 2023, Alaska Airlines and Hawaiian Airlines announced that they had entered into a definitive agreement pursuant to which Alaska Airlines will acquire the holding company of Hawaiian Airlines for $18.00 per share in cash, for a transaction value of approximately $1.9 billion. Wilson Sonsini Goodrich & Rosati advised Hawaiian Airlines on the transaction.
Client Highlights
5.05.23
Wilson Sonsini Advises Via on Its Acquisition of MPEG LA
On May 2, 2023, collaborative licensing leader Via Licensing Corporation (Via) announced its acquisition of MPEG LA forming Via Licensing Alliance LLC (Via LA). The deal created the largest patent pool administrator in the consumer electronics industry. Wilson Sonsini Goodrich & Rosati advised Via on the deal.
Client Highlights
2.15.23
Firm Advises RingCentral on Extended and Expanded Strategic Partnership with Avaya
On February 14, 2023, RingCentral, Inc, a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, announced that it had extended and expanded its strategic partnership agreement with Avaya. The new deal is part of Avaya’s expedited recapitalization and will see Avaya Cloud Office by RingCentral remain Avaya’s exclusive multi-tenanted Unified Communications as a Service (UCaaS) solution to Avaya’s customers, including its on-premises installed base totaling tens of millions of users worldwide. Wilson Sonsini Goodrich & Rosati advised RingCentral on the transaction.
Client Highlights
6.28.22
Wilson Sonsini Represents LinkedIn in Its Acquisition of EduBrite
On June 28, 2022, LinkedIn announced that it entered into an agreement to acquire EduBrite, a platform that specializes in creating, hosting, and deploying professional certificates. The acquisition will allow LinkedIn to integrate EduBrite’s rigorous certification assessment engine into the LinkedIn Learning platform which will enable LinkedIn to better test and verify the skills people have to help them grow in their careers and enable them to earn credentials from organizations that they can then showcase on their LinkedIn profile.
Client Highlights
3.01.22
Wilson Sonsini Advises LinkedIn on Oribi Acquisition
On February 28, 2022, LinkedIn Corporation announced that it entered into an agreement to acquire Oribi, an Israel based marketing analytics company. The acquisition will further help LinkedIn customers, from marketers to recruiters, gain actionable insights, make smarter decisions, and drive business results. Through the integration of Oribi’s technology into LinkedIn's marketing solutions platform, customers will benefit from enhanced campaign attribution to optimize the ROI of their advertising strategies. LinkedIn’s investment in Oribi builds on LinkedIn’s focus to create solutions that connect organizations with their professional audiences and will result in LinkedIn expanding its global presence, with its first office in Israel.