DLA Piper advised Cota Capital as lead investor in Canyon Code’s US$5 million pre-seed financing. Canyon Code, a Sunnyvale, California-based company that emerged from stealth, is developing an enterprise-grade workflow intelligence layer that enables enterprises to optimize, manage, and govern multi-agentic AI applications at scale.
Canyon Code’s technology is designed to observe dependencies between multi-agentic applications and the large language model calls made by individual agents, providing additional context to improve scheduling, orchestration, and contextual memory management. The company plans to use the financing to further develop its platform and expand its research and development team.
The DLA Piper deal team was led by Partner Josh Seidenfeld, who leads the firm’s Northern California Corporate and Securities practice, with support from Associate Nikita Ramaswamy (Raleigh).
DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers who provide strategic counsel to emerging companies and venture capital firms in high-growth industries, including technology, healthcare, life sciences, and financial services. Over the last three years, DLA Piper has completed more than 2,100 financings globally, totaling more than US$80 billion. The firm is ranked among the most active global law firms for venture capital deal volume, according to PitchBook.
