Peter Werner
2.8K posts
@phwerner
Lawyer at @CooleyLLP to high growth companies and their investors. @FullCircleFund and @ImagineH2O bd member. @Muckerlab mentor. Father of two Ewoks. Netminder.
Three and a half years ago, @neelkunjur and I decided to go from being Brothers, to being Co-Founders. Today, we’re excited to announce that @K2SpaceCo has raised a $250M Series C at a $3B valuation. This round comes on the heels of $500M in signed contracts across commercial and US Government customers. Our Series C is being led by @Redpoint, with participation from @TRowePrice, Hedosophia, @AltimeterCap, @lightspeedvp, Alpine Space Ventures and many others. We’re fortunate to be building at a unique time - launch vehicles are getting larger and the frequency of launch is increasing. When it comes to satellites, it’s now possible to Build Bigger, and we intend to be on the vanguard of doing just that. Building Bigger allows us to deliver a step change in power (20kW today, 100kW tomorrow), reliability, and redundancy. Our satellites are designed to deliver the maximum amount of capability wherever that capability is needed (LEO, MEO, GEO, cislunar space and beyond). Coming up next - 20kW satellite launch early 2026, three satellites launched early 2027, and many more to come after that as we scale up production in our 180k sq ft factory in Torrance, CA. We’re looking forward to sharing more on our progress over the coming months and years. -
Hadrian is announcing a $260m Series C lead by @foundersfund + @Lux_Capital + @MorganStanley for (Factory Expansion financing). We're also welcoming new investors @altimeter, @1789Capital + investments from existing investors @a16z, @constructcap, @137ventures and many others. This capital will be deployed to help our customers and the DOD manufacture faster, at scale, and onshore with @HadrianInc - creating millions of new, advanced manufacturing jobs over the coming decade. We're announcing: Factory 3 (4x the scale of Factory 2 for machining) in Arizona, online by Christmas 2025; Factories as a Service for parts, assemblies and products driven by DOD and Customer demand, and our entry into Welding, Casting, Additive and other manufacturing domains. Dedicated divisions for Maritime and Munitions to meet the scale and speed needed to reclaim our birthright as the industrial superpower of the world; And... 500k sqft of new R&D and HQ Space to enable rapid capability expansion.
📢We’re excited to share that we’ve raised $100M in seed funding to support LMArena and continue our research on reliable AI. Led by @a16z and UC Investments (@UofCalifornia), we're proud to have the support of those that believe in both the science and the mission. We’re focused on building a neutral, open, community-driven platform that helps the world understand and improve the performance of AI models on real queries from real users. Also, big news is coming next week!👀 We're relaunching LMArena with a whole new look built directly with community feedback from the ground up 🧱 Link in thread.
After 19 months of building quietly, today Silna—the company I cofounded w @Jeffrey_Morelli and @sagarjajoo—is emerging with $27M in funding from Accel+Bain Capital Our platform is already enabling tens of thousands of patients to access critical care Here's how we got here ⬇️
Atlas startups now receive incorporation documents developed in collaboration with leading law firm @CooleyLLP. 🤝 stripe.com/atlas
Atlas startups now receive incorporation documents developed in collaboration with leading law firm @CooleyLLP. 🤝 stripe.com/atlas
Some pics from our recent Legal AI dinner with @CooleyLLP that brought together legaltech leaders with founders! Special thanks to our panelists @phwerner, @MeganPHMa, and @tweetatpablo for a great discussion on buyer and builder perspectives.
Cooley's Q3 2023 Venture Financing Report is out now. Deal count and invested capital increased slightly this quarter, while the percentage of down rounds continued to rise to new levels. View the full report on #CooleyGO here: bit.ly/3rSvkHE
