On September 29, 2022, Brazilian big data analytics SaaS platform Cortex announced that it had raised BRL 260 million ($50 million) in a Series D financing round. Wilson Sonsini Goodrich & Rosati acted as U.S. counsel to Cortex on the fundraising. The company plans to use the proceeds to further develop its service offering.

The round was led by private equity firm Lightrock and included participation from existing investors Softbank and Riverwood. Cortex is expected to have quadrupled in size since the company’s last investment round, according to Lightrock, and will be the best capitalized firm in the marketing and sales intelligence segment in Latin America.

The Wilson Sonsini team that advised Cortex on the transaction included Matt Squires, Vanessa Jacob Heck, Maurice Guttmann, and Kiri Yoshimura.

For more information, please see Lightrock’s press release.