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Foley & Lardner LLP recently represented Cortical Ventures as an investor in the $50 million Series B funding round for Weaviate, an infrastructure startup whose technology is essential for companies trying to build generative AI tools. The Series B funding round was led by Index Ventures.  Foley represented both NEA and Cortical Ventures as lead investors in the Series A funding round.

Weaviate is an open-source vector database. It allows users to store data objects and vector embeddings from their favorite AI and ML-models, and scale seamlessly into billions of data objects. Vector databases are a new type of database used to search unstructured data or images, video, and audio.

This latest round of funding values the four-year-old company at $200 million, quadrupling its previous valuation.

The Foley team was led by Partner Louis Lehot and included Of Counsel Alidad Vakili and Associates Saige Gallop and Trevor Mullin.

Author Louis Lehot

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