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3.26.26
Firm Advises Neon on $25 Million Seed Round
On March 25, 2026, Neon, a consumer platform that allows people to monetize their personal data, announced that it has raised over $25 million in combined equity and credit from Lightspeed Venture Partners, Upper90, Upfront Ventures, and other investors. This new capital will bring Neon’s total funding to nearly $27 million, following a $1.5 million pre-seed round that was led by Upfront, with participation from Wilson Sonsini Goodrich & Rosati and Xfund. Wilson Sonsini advised Neon on the transaction.
Client Highlights
3.12.26
Wilson Sonsini Advises Thinking Machines Lab on Strategic Partnership with NVIDIA
On March 10, 2026, Thinking Machines Lab and NVIDIA announced a multi-year strategic partnership to deploy at least one gigawatt of next-generation NVIDIA Vera Rubin systems to support Thinking Machines’ frontier model training and platforms delivering customizable AI at scale. In addition, NVIDIA has made a significant investment in Thinking Machines to support the company’s long-term growth. Wilson Sonsini Goodrich & Rosati advised Thinking Machines on both the partnership and the investment.
The partnership between the companies also includes an effort to design training and serving systems for NVIDIA architectures and broaden access to frontier AI and open models for enterprises, research institutions, and the scientific community.
The Wilson Sonsini team that advised Thinking Machines on the transactions was led by Rezwan Pavri, Colin Conklin, and Chris Paniewski, and included Courtney Matteson, Jackie Jung, Mackenzie Tobin, and Parris Bass.
For more information, please see Thinking Machines’ blog post.
The partnership between the companies also includes an effort to design training and serving systems for NVIDIA architectures and broaden access to frontier AI and open models for enterprises, research institutions, and the scientific community.
The Wilson Sonsini team that advised Thinking Machines on the transactions was led by Rezwan Pavri, Colin Conklin, and Chris Paniewski, and included Courtney Matteson, Jackie Jung, Mackenzie Tobin, and Parris Bass.
For more information, please see Thinking Machines’ blog post.
Client Highlights
11.19.25
Wilson Sonsini Advises Bedrock Data on $25 Million Series A
On November 19, 2025, Bedrock Data, the modern DSPM platform provider for data-centric security, governance and management, announced $25 million in Series A funding led by Greylock Partners with participation from Mangusta Capital, Mantis Venture Capital, Pier 88 Investment Partners, and other investors.
Newsletters
7.31.25
Sustainability and ESG Advisory Practice Update, July 2025
We are pleased to share the July 2025 issue of Wilson Sonsini's Sustainability and ESG Advisory Practice Update. Each issue combines news, key legal developments, and resources related to sustainability and environmental, social, and governance (ESG) matters relevant to public and private companies internationally.
Client Highlights
7.21.25
Wilson Sonsini Advises Cloudflare on $2.0 Billion Convertible Senior Notes
On June 17, 2025, Cloudflare, Inc. issued $2.0 billion aggregate principal amount of 0% Convertible Senior Notes due 2030. The offering amount included the exercise in full of the option that Cloudflare had granted to the initial purchasers to purchase up to an additional $250 million of notes. In connection with the offering, Cloudflare entered into privately negotiated capped call transactions with certain of the initial purchasers or their respective affiliates and other financial institutions.
Client Highlights
7.15.25
Wilson Sonsini Advises Thinking Machines on $2 Billion Round Led by a16z
On July 15, 2025, Thinking Machines Labs, the artificial intelligence start-up founded by former OpenAI executive Mira Murati, announced it has raised $2 billion in a financing round led by a16z with participation from NVIDIA, Accel, ServiceNow, Cisco, AMD, Jane Street, and more. Wilson Sonsini Goodrich & Rosati advised Thinking Machines on the transaction.
The Wilson Sonsini team advising Thinking Machines on the transaction was led by partners Rezwan Pavri, and Colin Conklin. The corporate team also included:
The Wilson Sonsini team advising Thinking Machines on the transaction was led by partners Rezwan Pavri, and Colin Conklin. The corporate team also included:
Newsletters
6.30.25
Sustainability and ESG Advisory Practice Update, June 2025
We are pleased to share the June 2025 issue of Wilson Sonsini's Sustainability and ESG Advisory Practice Update. Each issue combines news, key legal developments, and resources related to sustainability and environmental, social, and governance (ESG) matters relevant to public and private companies internationally.
Newsletters
5.30.25
Sustainability and ESG Advisory Practice Update, May 2025
We are pleased to share the May 2025 issue of Wilson Sonsini's Sustainability and ESG Advisory Practice Update. Each issue combines news, key legal developments, and resources related to sustainability and environmental, social, and governance (ESG) matters relevant to public and private companies internationally.
Newsletters
4.29.25
Sustainability and ESG Advisory Practice Update, April 2025
We are pleased to share the April 2025 issue of Wilson Sonsini's Sustainability and ESG Advisory Practice Update. Each issue combines news, key legal developments, and resources related to sustainability and environmental, social, and governance (ESG) matters relevant to public and private companies internationally.
Newsletters
3.31.25
Sustainability and ESG Advisory Practice Update, March 2025
We are pleased to share the March 2025 issue of Wilson Sonsini's Sustainability and ESG Advisory Practice Update. Each issue combines news, key legal developments, and resources related to sustainability and environmental, social, and governance (ESG) matters relevant to public and private companies internationally.
Newsletters
2.28.25
Sustainability and ESG Advisory Practice Update, February 2025
We are pleased to share the February 2025 issue of Wilson Sonsini's Sustainability and ESG Advisory Practice Update. Each issue combines news, key legal developments, and resources related to sustainability and environmental, social, and governance (ESG) matters relevant to public and private companies internationally.
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.