Foley Represents xmad.ai in Sale to Workato

Foley & Lardner LLP represented xmad.ai, a frontier AI-research company, in its sale to Workato, the leader in agentic orchestration. The acquisition was announced alongside the launch of Workato’s AI Research Lab, a new research and innovation hub focused on advancing the science and engineering of autonomous enterprise agents. 

xmad.ai is firmly focused on advancing agent technology beyond current limitations. Their significant breakthroughs include DFLOAT11, a new category-creating numerical format that enables any LLM to run using 30% less GPU memory while achieving mathematically exact results, cutting inference costs by up to 50% without sacrificing precision, as well as no-code fine-tuning, a proprietary pipeline enabling rapid, push-button adaptation of open-weight models like Llama, Qwen, and Mistral.

The Foley team was led by partners Gurpreet Bal and Louis Lehot and associate Mackenzie Barrett, and included partners Kathleen Bardunias, Roy Barquet, Carrie Hoffman, Rishi Sodhi, of counsel Alan Pate, and associates Jacob Davis and Sarah Waste.