Foley Represents Cortical Ventures as Lead Investor in SAFE Financing for 2nd Set AI

Foley & Lardner LLP represented Cortical Ventures as the lead investor in the SAFE financing for 2nd Set AI, a company providing AI solutions for enterprises looking to deploy generative images and video to enhance creativity while protecting IP and brand guidelines.

2nd Set AI offers a suite of generative visual capabilities for enterprises, chiefly IP rights holders and licensees. Its platform allows entertainment and sports media companies to use people and character images they control the rights to, and to generate new images and videos from these owned images. 2nd Set AI’s platform is constantly checking and revising its own work to ensure the highest quality outputs available, offering accuracy exceeding that of solutions offered by much larger companies. The new capital will allow the company to accelerate hiring, build new business relationships, and open up an Early Access Program to help top entertainment organizations generate images and videos from their valuable IP.

Cortical Ventures is a venture capital firm focused on helping entrepreneurs who are building the next generation AI companies. Cortical Ventures was started to invent, incubate, and invest in the companies leading the AI revolution, and is backed by leading VC firms and partners, AI luminaries, and top founders and operators in the industry.

The Foley team was led by partners Louis Lehot and Lyman Thai and included associate Saige Gallop.