Simpson Thacher represented DigitalBridge Group, Inc. (NYSE: DBRG) on the formation of Articul8 Ai, Inc., an independent company offering enterprise customers a full-stack, vertically-optimized and secure generative artificial intelligence software platform. The platform delivers AI capabilities that keep customer data, training and inference within the enterprise security perimeter. The platform also provides customers the choice of cloud, on-prem or hybrid deployment. The transaction closed on December 30, 2023.
Articul8 was created with intellectual property (IP) and technology developed at Intel, and Intel and DigitalBridge will remain strategically aligned on go-to-market opportunities and collaborate on driving GenAI adoption in the enterprise.
DigitalBridge’s investment was made in connection with its venture initiative, and it served as lead investor of Articul8. In addition, Intel, along with a syndicate of established venture investors, including Fin Capital, Mindset Ventures, Communitas Capital, GiantLeap Capital, GS Futures and Zain Group, has taken an equity stake in the company.
The Simpson Thacher team included Gabriel Silva and Shamus Crosby (M&A); Parker Kelsey, Nick Brown, Tarek Hussamy and Sung Won Choi (Funds); Lori Lesser and Sarika Pandrangi (IP); and Andrew Purcell and Brian Mendick (Tax).