On October 10, 2024, Relyance AI, a leading AI-powered data governance platform that provides complete visibility and control over enterprise-wide data, announced it has raised $32 million in Series B funding to scale operations and meet the needs of the exploding use of artificial intelligence in the enterprise. Thomvest Ventures led the round. M12, Microsoft's venture capital fund, also participated, in addition to Cheyenne Ventures and existing investors Menlo Ventures and Unusual Ventures.

Wilson Sonsini Goodrich & Rosati represented Relyance in the transaction. The Wilson Sonsini team includes attorneys Yokum Taku, Avi Emanuel, Jon Hatcher, and Madisyn Klein and paralegal Chelsea Gahran.

For more information, please see Relyance's press release. Further coverage can be found at TechCrunch.