Goodwin Advised webAI in Major Financing Valuing the Company at Over $2.5 Billion
Goodwin Advised webAI in Major Financing Valuing the Company at Over $2.5 Billion
The Goodwin 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, by passing the cloud to maximize privacy, performance and energy efficiency.
The Goodwin deal team was led by Pat Mitchell (Partner/ Technology Practice), Harley Brown (Partner/ Technology Practice), Cisco Palao-Ricketts (Partner/ ERISA), Justin Brogan (Associate/ Business Law Technology & Life Sciences) and Austin Lorenzo (Associate/ Corporate Technology), with invaluable assistance from Ce Li (Associate), Rahat Tariq (Associate), Diana Cao (Associate), Scott Zilora (Partner/ Executive Compensation, Benefit), Matthew Mancini (Associate) and Matthew Denny (Associate).
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