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17 August 20232 minute read

DLA Piper advises US Venture Partners in closing US$15 million Series A funding round in Trust Lab

DLA Piper advised U.S. Venture Partners (USVP) in the closing of its US$15 million Series A financing round in Trust Lab, a software company that detects and monitors harmful content and actors using AI-enabled classifiers and rules engines. Foundational Capital contributed to the fundraising round alongside USVP.

Trust Lab provides technology companies and public entities with the ability to better track and measure harmful content across the entire Internet. Current customers include the European Commission/European Union, In-Q-Tel and many leading social media companies, messaging platforms and marketplaces.

“We were pleased to have the opportunity to advise USVP in their investment in Trust Lab, a company leading the way in using AI technology to detect bad actors and create a better online ecosystem,” said Richard Bull, vice chair of the Emerging Growth and Venture Capital practice and the DLA Piper partner who led the deal team.

In addition to Bull (San Diego), the DLA Piper team also included partner Anthony Taranto (San Diego) and senior attorney Cara Hupprich (Northern Virginia).

DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers who provide strategic counsel to leading investors, and emerging companies in high-growth industries, including technology, healthcare, pharma & biotech, financial services, manufacturing, and communications. Over the last three years, DLA Piper has completed more than 2,100 financings globally totaling over US$80 billion.