Latham & Watkins Advises Future Secure AI’s US$80 Million Convertible-Note Financing

Future Secure AI, a Sydney-based startup that builds AI "co-workers" for companies, has raised US$80 million via convertible notes, valuing it at US$1.3 billion. Square Peg, Yarra Capital Management, and Firetrail backed the round.

Latham & Watkins LLP advised Future Secure AI in the transaction with a corporate deal team led by partners Michael Benjamin, Benjamin Potter, and Alison Haggerty and counsel Evan Kirsch, with associates Saem Kim and Saiyaz Kazi. Advice was also provided on tax matters by partner Katharine Moir, with associate Sam Yang; and on benefits and compensation matters by partners Bradd Williamson and Alisa Hand, with associate Amelia Best.