Imbue, an independent research lab that trains foundational models to develop AI agents, announced it has raised US$200 million in a Series B Funding round at a valuation of more than US$1 billion. The round was led by Astera Institute and included investment from NVIDIA, Cruise CEO Kyle Vogt, Notion co-founder Simon Last, and others.
Latham & Watkins LLP advised Astera Institute in the transaction with an emerging companies team led by Boston partner Dan Hoffman, with associates Naomi Smith, Misola Leeman, and Jake Hummer. Advice was also provided on technology transactions matters by Boston partner Sarah Gagan, with associates Matthew Snyder* and Alex Theuer*; on data privacy matters by Houston/Austin counsel Robert Brown; on tax matters by Chicago partner Rene de Vera; on compensation and benefits matters by Boston partner Josh Friedman; and on antitrust matters by Washington, D.C. partner Mandy Reeves, Bay Area partner Kelly Fayne and San Diego/Bay Area partner Hanno Kaiser, with associate Charlie Beller.
*Only admitted to practice in New York.