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6.11.26
Wilson Sonsini Advises Beren Therapeutics P.B.C. on $300 Million Financing, Including Equity and Debt and Royalty Facilities
On June 10, 2026, Beren Therapeutics P.B.C., a leader in cholesterol trafficking biology and cyclodextrin-based therapeutics, announced it has secured $300 million in combined financing. The financing consists of:
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
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
11.06.25
Wilson Sonsini Advises EVERY on $55 Million Series D
On November 4, 2025, The EVERY Company, a biotechnology leader pioneering precision fermentation for highly functional proteins, announced the successful close of its $55 million in Series D financing. The round was led by McWin Capital Partners, through the McWin Food Tech Fund, with participation from Main Sequence, Bloom8, TO.VC, Minerva Foods, Grosvenor Food & Ag, New Agrarian, SOSV, and more. The proceeds from the Series D will be used to expand manufacturing capacity, move to profitability, and further expand its reach across the $270 billion egg market – particularly in the high-volume bakery segment. Wilson Sonsini Goodrich & Rosati advised EVERY on the transaction.
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11.05.25
Firm Advises Frontline Wildfire Defense on $48 Million Series A Funding Round
On October 28, 2025, Frontline Wildfire Defense, the leading wildfire defense solution for homes, businesses, and communities, announced it has closed a $48 million Series A round led by Norwest to scale its proven wildfire defense systems across fire-prone states. Wilson Sonsini Goodrich & Rosati advised Frontline Wildfire Defense on the transaction.
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9.09.25
Wilson Sonsini Advises Runware on $13 Million Seed Financing
On September 9, 2025, Runware, a performance and price-focused AI-as-a-Service provider, announced a $13 million fundraise led by global software investor Insight Partners, with participation from previous investors a16z Speedrun, Begin Capital, and Zero Prime. Wilson Sonsini Goodrich & Rosati advised Runware on the transaction.
The funding will be used to expand Runware's capabilities from image and video generation to all-media workflows, including audio, LLM, and 3D. To date, more than four billion visual assets have been generated on Runware's inference engine and over 100,000 developers have been onboarded in less than a year since launch. The platform hosts more than 400,000 AI models and powers media inference for over 250 million end users through customers like Quora, NightCafe, OpenArt, and FocalML.
The Wilson Sonsini team that advised Runware on the transaction includes Jonathan Chan, Mark Baudler, Catherine Riley Tzipori, Peter Bratton, Utsav Lall, and Joseph Auer.
For more information, please see Runware’s news release.
The funding will be used to expand Runware's capabilities from image and video generation to all-media workflows, including audio, LLM, and 3D. To date, more than four billion visual assets have been generated on Runware's inference engine and over 100,000 developers have been onboarded in less than a year since launch. The platform hosts more than 400,000 AI models and powers media inference for over 250 million end users through customers like Quora, NightCafe, OpenArt, and FocalML.
The Wilson Sonsini team that advised Runware on the transaction includes Jonathan Chan, Mark Baudler, Catherine Riley Tzipori, Peter Bratton, Utsav Lall, and Joseph Auer.
For more information, please see Runware’s news release.
Client Highlights
7.17.25
Wilson Sonsini Advises Substack on $100 Million Series C
On July 17, 2025, media platform Substack announced the completion of a $100 million Series C funding round led by investors at BOND and The Chernin Group, with participation from Andreessen Horowitz and other investors. Wilson Sonsini Goodrich & Rosati advised Substack on the transaction.