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Latham Advises Hercules Capital in Growth Financing for Pindrop
July 18, 2024
Firm represented the lender in financing for the leading information security company fighting “deep fakes” and other cyber security vulnerabilities.
Pindrop, a global leader in voice authentication and security, has announced it has secured US$100 million in debt financing from Hercules Capital, Inc. This significant funding will enable Pindrop to further develop its cutting-edge audio, voice, and AI technologies, enhancing its offerings for customers in the banking, finance, contact center, insurance, utilities, healthcare, retail, and other industries.
Latham & Watkins LLP represented Hercules in the financing with a transactional team led by partners Dan Van Fleet and Haim Zaltzman, with counsel Emily Yu and with associates Hyunji Lee and Yong Jae Kim; on tax matters by partner Eric Cho; and on corporate matters by partner Jim Morrone.