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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
5.27.26
Wilson Sonsini Advises Thea Energy on $100 Million Series B
On May 27, 2026, Thea Energy, a technology company advancing the stellarator for the commercialization of an abundant source of baseload fusion power, announced it has raised $100 million in Series B funding that draws support from Thomas Tull’s US Innovative Technology Fund (USIT), General Innovation Capital Partners (GICP), Linse Capital, Calm Ventures, Climate Capital, Divergent Capital, Emerald Technology Ventures, Gaingels, Idemitsu Kosan, Overlay Capital, Timescale Ventures, and Whatif Ventures. Wilson Sonsini Goodrich & Rosati advised Thea Energy on the transaction.
Client Highlights
2.18.26
Wilson Sonsini Advises Heron Power on $140 Million Series B
On February 18, 2026, Heron Power, an energy infrastructure company, announced the closing of $140 million in Series B financing co-led by Andreessen Horowitz’s (a16z) American Dynamism Fund and Breakthrough Energy Ventures, with participation from existing investors Capricorn Investment Group, Energy Impact Partners, Valor Atreides AI Fund, and Gigascale Capital. Wilson Sonsini Goodrich & Rosati advised Heron Power on the transaction.
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 Highlights
8.27.25
Firm Advises Coral Vita on $8 Million in Series A Funding
Coral Vita, a coral reef restoration company that employs techniques to grow coral up to 50 times faster than in nature, announced it raised over $8 million in Series A funding, making them one of the first coral restoration-focused companies to reach this significant investment stage. The funding round was led by Builders Vision, founded by Walmart heir Lukas Walton, with participation from leading impact investors including Katapult Ocean, iAlumbra, Aureolis Ventures, Colorado Coral, and Rising Tide. Wilson Sonsini Goodrich & Rosati advised Coral Vita on the transaction.