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8.05.26
Wilson Sonsini Advises Discovery Loop on Launch and Initial Funding
On August 5, 2026, a founding team comprised of some of the world’s leading experts in artificial intelligence and distributed computing—Jeff Dean, Sanjay Ghemawat, Quoc Le, and Oriol Vinyals (alphabetical)—announced the launch of Discovery Loop, Inc., a Delaware public benefit corporation. Discovery Loop’s initial funding round is being co-led by Radical Ventures and Khosla Ventures, with participation from Lightspeed, Kleiner Perkins, Doerr Capital, and Alphabet. Wilson Sonsini Goodrich & Rosati is advising Discovery Loop on its launch and the financing.
The company aims to dramatically accelerate technological and scientific progress by automating complex science and engineering tasks. Specifically, it is developing advanced AI systems that leverage massive computational scale to fundamentally transform the speed and efficiency of innovation by automating complete experimental loops. In conjunction with its launch, Discovery Loop has established a long-term partnership with Alphabet for cloud and compute resources.
The Wilson Sonsini team advising Discovery Loop on its launch and initial financing includes Lang Liu, Barath Chari, Alyssa Worsham, Richa Sharma, Sunny Kumar, Will Andrews, MJ Han, Jing Xu, Robert Deng, Jason Choi, and Patrick Begian.
For more information, please see coverage in The Wall Street Journal, The New York Times, and Wired.
The company aims to dramatically accelerate technological and scientific progress by automating complex science and engineering tasks. Specifically, it is developing advanced AI systems that leverage massive computational scale to fundamentally transform the speed and efficiency of innovation by automating complete experimental loops. In conjunction with its launch, Discovery Loop has established a long-term partnership with Alphabet for cloud and compute resources.
The Wilson Sonsini team advising Discovery Loop on its launch and initial financing includes Lang Liu, Barath Chari, Alyssa Worsham, Richa Sharma, Sunny Kumar, Will Andrews, MJ Han, Jing Xu, Robert Deng, Jason Choi, and Patrick Begian.
For more information, please see coverage in The Wall Street Journal, The New York Times, and Wired.
Alerts
8.03.26
EU AI Act Enforcement Phase Begins
On August 2, 2026, the European Commission (EC), acting through its European AI Office (EU AI Office), became formally entitled to exercise its powers to investigate and enforce the EU AI Act obligations imposed on providers of general-purpose artificial intelligence (GPAI) models, as well as rules on prohibited AI practices. These powers are significant and include requesting information and documentation, obtaining access to models for evaluation, requiring corrective or risk-mitigation measures, and imposing fines of up to the higher of €15 million or 3 percent of the provider’s worldwide annual turnover.
Client Highlights
7.30.26
Wilson Sonsini Advises Dili on $15 Million Series A Led by Khosla Ventures
On July 30, 2026, Dili, an AI compliance company, announced it has raised $15 million in Series A funding. The round was led by Khosla Ventures, with participation from Allianz, Rebel Fund, Brick and Mortar Ventures' Darren Bechtel, and Y Combinator's Garry Tan. Wilson Sonsini Goodrich & Rosati advised Dili on the transaction.
Client Highlights
7.29.26
Wilson Sonsini Advises DroneDeploy on $845 Million Acquisition by Procore Technologies
On July 29, 2026, Procore Technologies, a global provider of construction management software, announced it has entered into a definitive agreement to acquire DroneDeploy, a robotics and visual intelligence platform. Procore will acquire DroneDeploy for approximately $845 million in cash, subject to customary purchase price adjustments. Wilson Sonsini Goodrich & Rosati is advising DroneDeploy on the transaction
Client Highlights
7.21.26
Firm Advises ON.energy on Partnership with Crusoe
On July 21, 2026, Crusoe, the artificial intelligence (AI) factory company, and ON.energy, a company dedicated to building energy and AI infrastructure, announced a partnership to deploy 5 gigawatts of AI UPS™ technology across multiple hyperscale campuses. Commissioning will commence in 2026 and extend into 2027. Wilson Sonsini Goodrich & Rosati advised ON.energy on the transaction.
Client Highlights
7.20.26
Wilson Sonsini Advises Straiker on Series A
On June 29, 2026, Straiker, an agentic security company, announced the completion of its Series A round, bringing its total funding to $85 million. The financing was led by Marathon Management Partners, Citi Ventures, Illuminate Financial, and Workday Ventures, with continued support from Bain Capital Ventures and Lightspeed. Other investors include GTM Capital, Rain Capital, Neva SGR, Firebolt Ventures, and Sixty Degree Ventures. Wilson Sonsini Goodrich & Rosati advised Straiker on the transaction.
Alerts
7.17.26
Illinois Enacts AI Safety and Transparency Law for Frontier AI Developers
On July 6, 2026, Illinois Governor JB Pritzker signed into law Senate Bill 315, the Artificial Intelligence Safety Measures Act (AISMA), which will require large AI developers to publicly disclose how they plan to mitigate potentially “catastrophic risks” posed by advanced frontier AI models. In a first for a U.S. state AI law, AISMA also requires covered entities to retain independent auditors to assess their compliance. The Illinois legislature otherwise largely modeled AISMA after California’s Transparency in Frontier Artificial Intelligence Act (TFAIA) (discussed in a prior alert) and New York’s Responsible AI Safety and Education Act (RAISE Act). AISMA’s provisions will become effective in two waves, with most provisions effective January 1, 2027, and AI framework and independent audit provisions effective January 1, 2028.
Client Highlights
7.15.26
Wilson Sonsini Advises InstaLILY AI on $60 Million Series B
On July 14, 2026, InstaLILY AI, creator of Lily, the world's first AI Forward Deployed Engineer, announced a $60 million Series B round led by Energize Capital. The round included participation from Insight Partners, which increased its investment, and new strategic investors including Home Depot Ventures and United Rentals. The Series B brings InstaLILY’s total raised to nearly $100 million, after a year in which the company’s revenue grew by a multiple of five. Wilson Sonsini Goodrich & Rosati advised InstaLILY on the transaction.
Lily goes into a business, learns how it works, builds what the work needs, and gets it running by finding revenue, pricing quotes, planning routes, and diagnosing equipment in the field. Unlike a traditional demo or pilot, it runs the business with people in control, and it goes live in days versus months. After launch, it keeps shipping and gets better the longer it runs. InstaLILY will use the Series B funding to help Lily learn faster, take on more of the work, expand into new industries, and grow the team. The company will also continue building the Small Data Center, the infrastructure that makes always-on intelligence possible inside a business, at a cost and energy profile enterprises can sustain.
The Wilson Sonsini team that advised InstaLILY on the transaction included Megan Baier, Sam Obenhaus, and Richard Fielkow.
For more information, please see the company’s news release and blog post.
Lily goes into a business, learns how it works, builds what the work needs, and gets it running by finding revenue, pricing quotes, planning routes, and diagnosing equipment in the field. Unlike a traditional demo or pilot, it runs the business with people in control, and it goes live in days versus months. After launch, it keeps shipping and gets better the longer it runs. InstaLILY will use the Series B funding to help Lily learn faster, take on more of the work, expand into new industries, and grow the team. The company will also continue building the Small Data Center, the infrastructure that makes always-on intelligence possible inside a business, at a cost and energy profile enterprises can sustain.
The Wilson Sonsini team that advised InstaLILY on the transaction included Megan Baier, Sam Obenhaus, and Richard Fielkow.
For more information, please see the company’s news release and blog post.
Alerts
7.14.26
EU Commission Publishes AI Transparency Code of Practice
On June 10, 2026, the European Commission published a Code of Practice on marking and labeling of AI-generated content (the Code) following a public consultation that took place last year. The Code is divided into two sections:
Client Highlights
7.13.26
Wilson Sonsini Advises Oratomic on $300 Million Series A Financing
On July 7, 2026, Oratomic, a neutral atom quantum computing company focused on building the world’s first fault-tolerant quantum computers, announced that it raised $300 million in its Series A round co-led by ARCH Venture Partners, Spark Capital, and Khosla Ventures, alongside Bezos Expeditions, Index Ventures, General Catalyst, Lowercarbon Capital, Bain Capital, Formation, Nebular, David and Scott Aaronson, and others. Wilson Sonsini Goodrich & Rosati advised Oratomic on the transaction.
Client Highlights
7.09.26
Wilson Sonsini Advises Standard Bots on $200 Million Series C
On June 11, 2026, Standard Bots, the largest manufacturer of AI-native, industrial robotics in the United States, announced a $200 million Series C led by RoboStrategy and existing investors, valuing the company at $1 billion. Standard Bots is also expanding its manufacturing footprint in New York, increasing its ability to design, assemble, and deploy American-made robots at scale. Wilson Sonsini Goodrich & Rosati advised Standard Bots on the transaction.