The Technology team advised webAI on the closing of a major financing round, valuing the company at over $2.5 billion. The round included participation from Marc Benioff’s Time Ventures, Atreides Management and Forerunner Ventures. This deal marks another successful high-profile AI transaction for Goodwin.
Based in Austin, TX, webAI operates a sovereign AI platform that runs directly on devices, bypassing the cloud to maximize privacy, performance and energy efficiency.
The Goodwin deal team was led by Pat Mitchell, Harley Brown, Cisco Palao-Ricketts, Justin Brogan and Austin Lorenzo, with invaluable assistance from Ce Li, Rahat Tariq, Diana Cao, Scott Zilora, Matthew Mancini and Matthew Denny.
For additional details on the financing, please read the coverage from Axios.