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5.13.26
Wilson Sonsini Advises Recursive on $650 Million Series A Funding at a $4.65 Billion Valuation
On May 13, 2026, Recursive, an AI start-up dedicated to advancing AI intelligence through recursive self-improvement, came out of stealth and announced that it raised over $650 million in its Series A round at a $4.65 billion valuation. The funding round was led by Google Ventures and Greycroft, with participation from chip makers AMD Ventures and NVIDIA. Wilson Sonsini Goodrich & Rosati advised Recursive on the transaction.
Client Highlights
9.22.25
Wilson Sonsini Advises Netskope on IPO
On September 17, 2025, Netskope, a leader in modern security and networking for the cloud and AI era, announced the pricing of its initial public offering of 47,800,000 shares of its Class A common stock at a public offering price of $19.00 per share. The shares began trading on the Nasdaq Global Select Market on September 18, 2025, under the ticker symbol “NTSK.” The offering closed on September 19, 2025. Additionally, on September 22, 2025, Netskope announced the full exercise of its over-allotment option of 7,170,000 shares of Class A common stock. Wilson Sonsini Goodrich & Rosati advised Netskope on the transaction.
Client Highlights
8.19.25
Wilson Sonsini Advises Aalo Atomics on $100 Million Series B
On August 19, 2025, Aalo Atomics, a nuclear engineering company created to make reactor deployment highly predictable and economical, announced a $100 million Series B. Led by Valor Equity Partners, the financing round also saw participation from 50Y, Alumni Ventures, Crescent Enterprises, Crosscut, Fine Structure Ventures, Gaingels, Harpoon Ventures, Hitachi Ventures, Kindred Ventures, MCJ, NRG Energy, Nucleation Capital, Perpetual VC, Tishman Speyer, and Vamos Ventures. Wilson Sonsini Goodrich & Rosati advised Aalo Atomics on the transaction.
Client Highlights
6.06.25
Wilson Sonsini Advises Plus on Business Combination with Churchill IX
On June 5, 2025, Plus Automation (Plus), a physical AI company commercializing AI-based virtual driver software for autonomous trucks, and Churchill Capital Corp IX (Churchill IX), a special purpose acquisition company, announced that they have entered into a definitive agreement to effect a business combination. Wilson Sonsini Goodrich & Rosati advised Plus on the transaction.
Client Highlights
2.26.25
Wilson Sonsini Advises Beam on $11 Million Series A
On February 12, 2025, Beam, a financial management platform for construction contractors, announced a $11 million Series A round led by Zigg Capital, with participation from Accel, Teamworthy, RXR, 20Sales, and several angel investors.
Newsletters
3.28.24
2023 Technology and Life Sciences IPO Report
Market volatility, high interest rates, and ongoing geopolitical conflict continue to influence low levels of IPO activity in the U.S. capital markets. The trend is observed across all sectors, resulting in IPO levels similar to those seen during and in the aftermath of the 2009 financial crisis. While the third quarter of 2023 saw a boost with a handful of high-profile technology companies completing their IPOs, it did not usher in a wave of other transactions. Many companies continue to opt for a “wait-and-see” approach.
Client Highlights
3.20.24
Wilson Sonsini Advises Big Sur AI on $6.9 Million Seed Round
On March 13, 2024, Big Sur AI, an AI platform for e-commerce, announced a $6.9 million seed round to democratize and simplify access to AI for retailers and brands. The round, which was led by Lightspeed Venture Partners and included participation from Capital F and several angel investors, comes as part of the launch of the company’s flagship product, an AI Sales Agent, which offers enhanced product discovery and assisted shopping experience to online shoppers at merchant websites. Wilson Sonsini Goodrich and Rosati advised Big Sur AI on the transaction.
The Wilson Sonsini team that advised Big Sur AI on the transaction includes Allison Spinner, Andrew Gillman, Cody Gaynor, Olivia Cusimano, and Rhett Hunt.
For more information, please see Big Sur AI’s press release.
The Wilson Sonsini team that advised Big Sur AI on the transaction includes Allison Spinner, Andrew Gillman, Cody Gaynor, Olivia Cusimano, and Rhett Hunt.
For more information, please see Big Sur AI’s press release.
Client Advisories
9.26.23
RETURN OF THE IPO? Considerations for Technology Companies in Pre-IPO Limbo
In recent weeks, Arm, Instacart, and Klaviyo priced their IPOs, marking some of the first notable IPOs by technology companies in the past 18 months. As macroeconomic conditions and market sentiment appear to stabilize, whispers of IPO potential have started to emanate from the boardrooms of late-stage private companies, underwriters, and venture funds. After an 18-month quiet period, there are finally signs of life. Are IPOs back and will they be here to stay?
Client Highlights
7.07.21
Wilson Sonsini Represents Inspirato in Plan to Go Public via Merger with Thayer Ventures Acquisition Corp.
On June 30, 2021, Inspirato LLC (Inspirato), the innovative luxury travel subscription brand, and Thayer Ventures Acquisition Corp., a publicly traded special purpose acquisition company (TVAC), announced that they have entered into a definitive merger agreement that will result in Inspirato becoming a publicly listed company. Upon closing, the combined company will operate as Inspirato, and its Class A common stock is expected to be listed on Nasdaq under the ticker symbol “ISPO.” Wilson Sonsini Goodrich & Rosati is representing Inspirato in the transaction.
Client Highlights
4.09.21
Wilson Sonsini Advises Box on Partnership with KKR, $500 Million KKR-led Investment
On April 8, 2021, Box, Inc., the leading Content Cloud, and KKR, a leading global investment firm, announced an agreement for KKR funds to lead a $500 million investment in the company in the form of convertible preferred stock. The investment from KKR will advance the company’s strategy to deliver the Box Content Cloud and enable customers to modernize how they work and drive digital transformation throughout their organizations. Wilson Sonsini Goodrich & Rosati represented Box in the transaction.
Client Highlights
3.01.21
Wilson Sonsini Advises Plume on $270 Million Series E Financing
On February 23, 2021, Plume, a software-as-a-service platform for communications service providers, announced the close of a $270 million minority investment from global venture capital and private equity firm Insight Partners. Wilson Sonsini Goodrich & Rosati advised Plume on the financing.
Newsletters
2.18.21
2020 Technology and Life Sciences IPO Report
Wilson Sonsini’s 2020 Technology and Life Sciences IPO Report presents analysis and data related to the pricing of 123 initial public offerings completed by U.S.-based technology and life sciences companies between January 1 and December 31, 2020. The report includes IPO filing, pricing, and value statistics for both sectors; governance and board of director details; ownership and structure factors; and defensive measure data points. It also considers concurrent private placements, indications of interest, direct listings, and special purpose acquisition companies.