DLA Piper (US) advised Point72 Private Investments in the US$90 million Series D financing round of Netradyne, Inc., a San Diego-based SaaS provider of artificial intelligence (AI) and edge computing solutions.
The new capital will be allocated to research and development, investments in new markets, and global expansion. Since its founding in 2015, Netradyne reaches over 3,000 customers and over 450,000 active subscribers, serving customers across the US, Canada, Mexico, Germany, the UK, Australia, New Zealand, and India, with planned expansion throughout Europe and Japan.
The DLA Piper team was led by Charles Torres (New York) and included associates Maria Rydder and Jasmine Judge (both New York).
DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers who provide strategic counsel to emerging companies in high-growth industries, including technology, healthcare, pharma & biotech, financial services, manufacturing, and communications. In the last three years, DLA Piper has completed over 2,100 financings globally totaling more than US$80 billion and is ranked as a top 5 most active US law firm for venture capital deal volume, according to Pitchbook.
