Foley & Lardner LLP represented Samsung Catalyst as a lead investor in the $50 million funding round for Normal Computing. Additional investors include Galvanize, Brevan Howard Macro Venture Fund, and ArcTern Ventures, alongside existing investors Celesta Capital, Drive Capital, Eric Schmidt’s First Spark Ventures, and Micron Ventures.
Normal was founded to tackle two converging crises: the escalating complexity of silicon design and the energy requirements of AI infrastructure. The company builds AI for the semiconductor industry and is developing a new class of computing hardware, using its software to design its own hardware IP. Funding will be used to advance AI-native semiconductor design and physics-based computing architectures targeting dramatically greater intelligence per dollar and per watt.
Samsung Catalyst is Samsung Electronics’ evergreen multi-stage venture capital fund, investing in deep tech AI infrastructure. They work closely with brilliant entrepreneurs and disruptive ideas, harnessing their global reach to create value and foster mutual growth and benefits.
The Foley team was led by Louis Lehot and Brian Wheeler, and included Christopher Swift, Wesley Choi, Bella Tappin, Alan Pate and Sarah Waste.