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Foley & Lardner LLP lately represented LG Technology Ventures because the lead investor within the $28 million Series A funding spherical for Venti Technologies, an organization designing autonomous automobiles for industrial and logistics hubs. LG Technology Ventures was joined by Safar Partners, UOB Venture Management, and former buyers Alpha JWC and LDV Partners.
Venti focuses on autonomous automobiles for closed campus environments, with its goal clients coming from the big selection of provide chain companies that function throughout warehouses, ports, and different transport and logistics environments the place automobiles are central to operations. Venti plans to make use of this funding to proceed constructing its software program, associate with third events for {hardware}, and to safe extra offers.
The Foley staff was co-led by Partner Louis Lehot and Of Counsel Alidad Vakili, and included Partners Mike Overly, Krista Cabrera, and Shabbi Khan, Senior Counsel Kevin Jackson, and Associates Ashley Lee, Trevor Mullin, and Tiffany Young.
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