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5.07.26
Wilson Sonsini Advises Astranis on $450 Million Fundraise
On May 6, 2026, Astranis, an advanced satellite manufacturer, announced it has raised $450 million in new capital, bringing the company’s total raised to more than $1.2 billion as it scales to meet increased demand for its spacecraft designed for geostationary orbit and other high orbits. The funding includes a new $300 million Series E round co-led by Snowpoint Ventures and Franklin Templeton, with participation from Andreessen Horowitz, funds and accounts managed by affiliates of BlackRock, Baillie Gifford, and Fidelity Management & Research Company, as well as BAM Elevate, Nimble Partners, and Friends & Family Capital, along with other existing and new investors. A delayed-draw credit facility by Trinity Capital adds up to $155 million of additional capital to support the addition of new manufacturing capacity and support future growth. Wilson Sonsini Goodrich & Rosati advised Astranis on the transactions.
Client Highlights
3.30.26
Wilson Sonsini Advises Octopus Energy on Majority Stake Acquisition of Uplight
On March 24, 2026, Octopus Energy Group, a global clean energy and technology business driving the affordable, green energy system of the future, will cement its expansion in the U.S. by acquiring a majority stake in Uplight, a leading provider of customer engagement and flexibility management solutions that rapidly transform customer participation into dependable grid capacity. The deal is made in partnership with Schneider Electric, a global energy technology leader trusted by utilities worldwide, which will remain as a significant minority partner. The transaction is subject to customary regulatory approvals and is expected to complete later this year. Wilson Sonsini Goodrich & Rosati advised Octopus Energy on the transaction.
Client Highlights
12.17.25
Wilson Sonsini Advises Udemy on Combination with Coursera
On December 17, 2025, Udemy, Inc., an AI-powered skills acceleration platform that combines on-demand, multi-language content with real-time innovation, and Coursera, Inc., an AI-powered online learning platform, announced that they have entered into a definitive merger agreement under which Coursera will combine with Udemy in an all-stock transaction. Based on the closing prices of Coursera and Udemy common stock on December 16, 2025, the implied equity value of the combined company is approximately $2.5 billion. The transaction is expected to close by the second half of 2026, subject to the receipt of required regulatory approvals, approval by Coursera and Udemy shareholders, and the satisfaction of other customary closing conditions.
Client Highlights
12.08.25
Wilson Sonsini Advises Harmonic on $145 Million Acquisition of Video Business Segment by MediaKind
On December 8, 2025, Harmonic, a leader in virtualized broadband and video delivery solutions, announced it has received a binding offer from MediaKind, a leader in cloud-based video streaming technology, to acquire its Video Business segment for approximately $145 million in cash. The transaction, which is expected to close in the first half of 2026, is subject to a French employee works council consultation process and customary closing conditions and regulatory approvals. Wilson Sonsini Goodrich & Rosati is advising Harmonic on the transaction.
Client Highlights
11.26.25
Wilson Sonsini Advises Revival Healthcare Capital on $150 Million Series G Financing of Distalmotion SA
On November 17, 2025, Revival Healthcare Capital and Distalmotion SA, a global medical device company based in Lausanne, Switzerland, and empowering access to the benefits of robotic surgery in outpatient sites of care, announced the successful closing of a $150 million Series G financing round of Distalmotion SA led by Revival Healthcare Capital, with participation from existing investors. Wilson Sonsini Goodrich & Rosati advised Revival Healthcare Capital on the fundraise.
Client Highlights
10.02.25
Wilson Sonsini Advises Kodiak AI on Completed Business Combination with Ares Acquisition Corporation II
On September 29, 2025, Kodiak AI, a leading provider of AI-powered autonomous vehicle technology, announced that Kodiak Robotics, Inc. successfully completed its business combination with Ares Acquisition Corporation II (AACT), a publicly traded special purpose acquisition company. The business combination was approved by AACT shareholders on September 23, 2025. In connection with the closing, AACT was renamed Kodiak AI. Kodiak AI’s common stock and public warrants began trading on Nasdaq on September 25, 2025, under the ticker symbols “KDK” and “KDKRW,” respectively. Wilson Sonsini Goodrich & Rosati advised Kodiak AI on the transaction.
Client Highlights
8.01.25
Wilson Sonsini Advises Scale Computing on Acquisition by Acumera
On July 31, 2025, Acumera, a leading provider of secure edge connectivity, visibility, and computing solutions, announced its acquisition of Scale Computing, a pioneer in hyperconverged infrastructure and edge virtualization. The combined company will be known as Scale Computing and will serve as the largest edge computing-focused software company in the industry, with the ability to serve customers worldwide. Wilson Sonsini Goodrich & Rosati advised Scale Computing on the transaction.
Client Highlights
3.05.25
Wilson Sonsini Advises Alianza on Acquisition of Metaswitch
On March 4, 2025, Alianza, Inc., the world’s first cloud-orchestrated, AI-powered communications platform dedicated to service providers, announced the completion of its acquisition of Metaswitch from Microsoft, executing on the Definitive Agreement announced in December 2024. Financing of the transaction was provided by existing Alianza investors and a syndicate of commercial banks led by Wells Fargo. Wilson Sonsini Goodrich & Rosati advised Alianza on the transaction.
The combined offerings of Metaswitch and Alianza will enable service providers to close a massive gap in their ability to grow services revenue and improve operational efficiency by modernizing core networks, unlocking new innovative offerings, and ultimately transforming network operations. With the close of this transaction, Alianza will serve a combined customer base of more than 1,000 communication service providers, including 19 of the top 20 global operators. Alianza will continue to support Metaswitch’s existing product offerings while integrating its cloud-native technology into a unified product portfolio.
The Wilson Sonsini team that advised Alianza on the transaction includes:
The combined offerings of Metaswitch and Alianza will enable service providers to close a massive gap in their ability to grow services revenue and improve operational efficiency by modernizing core networks, unlocking new innovative offerings, and ultimately transforming network operations. With the close of this transaction, Alianza will serve a combined customer base of more than 1,000 communication service providers, including 19 of the top 20 global operators. Alianza will continue to support Metaswitch’s existing product offerings while integrating its cloud-native technology into a unified product portfolio.
The Wilson Sonsini team that advised Alianza on the transaction includes:
Client Highlights
2.21.25
Wilson Sonsini Advises Anaerobe Systems on Acquisition by Biolog
On February 12, 2025, Biolog, a leading provider of cell-based microbial and phenotypic profiling products and multiomic microbial identification services, announced the acquisition of Anaerobe Systems. The acquisition will be funded through a financing led by J.P. Morgan Life Sciences Private Capital with participation from existing investors BroadOak Capital Partners and Research Corporation Technologies. Wilson Sonsini Goodrich & Rosati advised Anaerobe Systems on the transaction.
Client Highlights
1.15.25
Wilson Sonsini Advises Aerin on $32.5 Million Equity Fundraise, New Debt Facility
On January 13, 2025, Aerin Medical, a medical device company focused on expanding access to meaningful relief for millions of patients suffering from chronic ENT conditions, announced the successful completion of two significant financial transactions. These transactions position Aerin Medical to drive additional commercial growth, advance market-leading innovation, and further expand its robust clinical evidence portfolio. The $32.5 million equity financing was led by all of Aerin's major investors: KCK MedTech, Questa Capital, OrbiMed, and Ally Bridge Group, with new participation by Ares Management Credit funds, which also provided Aerin a debt facility to refinance its existing debt and access additional capital.
Client Highlights
11.18.24
Wilson Sonsini Advises Upstart in Private Offering of $500 Million of Convertible Senior Notes
On November 15, 2024, Upstart Holdings, Inc. completed an offering of $500 million aggregate principal amount of 1.00% convertible senior notes due 2030 in a private transaction. The offering amount included the exercise in full of the option that Upstart had granted to the initial purchasers to purchase up to an additional $75 million of notes.
Client Highlights
10.01.24
Wilson Sonsini Advises PayRange on Investment by Ridgeview Partners
On September 30, 2024, Ridgeview Partners, in partnership with The Baupost Group, announced it has agreed to make a significant strategic growth investment in PayRange, a leading provider of IOT software and payment solutions for unattended retail. Wilson Sonsini Goodrich & Rosati advised PayRange on the transaction.