Latham & Watkins Advises Positron AI in US$230 Million Series B Funding Round

Positron AI, the leader in energy-efficient AI inference hardware, has announced an oversubscribed US$230 million Series B financing at a post-money valuation exceeding US$1 billion. The round was co-led by ARENA Private Wealth, Jump Trading, and Unless, and includes new and strategic investment from Qatar Investment Authority (QIA), Arm, and Helena. Existing investors Valor Equity Partners, Atreides Management, DFJ Growth, Resilience Reserve, Flume Ventures, and 1517 also participated. The financing validates Positron's mission to make AI inference dramatically cheaper and more energy efficient at scale.

Latham & Watkins LLP represented Positron AI in the transaction with a team led by Bay Area partner Alex Kassai, with associates Chris Pham, Samantha Wang, and Kaesha Freyaldenhoven.