San Francisco – February 14, 2024 – Cooley advised Rasa, a leading generative conversational artificial intelligence platform, on its $30 million Series C financing. Lawyers Matthew Bartus and Emily Iannarelli led the Cooley team advising Rasa.

The financing was co-led by StepStone Group and PayPal Ventures, with participation from Andreessen Horowitz (a16z), Accel and Basis Set Ventures. The proceeds will accelerate Rasa's lead in the market, fuel its drive to redefine what is possible for businesses using generative AI-powered chat and voice platforms at scale, advance its technological leadership, and strengthen its market presence. The new funding also will allow Rasa to continue growing its team, which is dedicated to reshaping the future of AI assistants.