On June 26, 2024, Brazil-based Nubank announced it has agreed to acquire Hyperplane, a data intelligence company from Silicon Valley. Launched in 2022, Hyperplane enables financial institutions to train, evaluate, and deploy self-supervised, deep-learning models on first-party data for decision-making. Their platform serves as a central hub, allowing customers to train hundreds of bespoke models across various business domains such as risk, collections, and marketing. The proposed acquisition of Hyperplane will enable Nubank to create connections between broad contexts, generate valuable insights, support decision-making, and make Nubank’s customers' lives easier.

Wilson Sonsini Goodrich & Rosati represented Hyperplane in the transaction. The Wilson Sonsini team includes:

Corporate
Matt Squires
Maurice Guttmann
Gabriela Menten
Rhett Hunt

Tax
Greg Broome
Anjali Krishnan

Technology Transactions
Christopher Paniewski
Barclay Oudersluys

Employee Benefits and Compensation
Matthew Norgard
Jason Chan

Employment Litigation
Jason Storck
Neil Gulyako

Privacy and Cybersecurity
Matt Staples
Michael O’Brien
Dantam Le

Regulatory
Anne Seymour
Seth Cowell

For more information, please see Nubank’s press release. Further coverage can be found at U.S. and international sites, including TechCrunch, Retail Banker International, Stock Titan, Investing.com, Valor, UOL, Forbes, and startups.