Building on a Month of $110M+ Financings for 10 Clients, ILS Advises Simular on a $21.5M Series A Financing

Simular recently announced a major milestone in its growth trajectory with the closing of its $21.5 million Series A financing round. Innovative Legal Services (ILS) is honored to have Partner & Head of M&A David Liu, Esq. lead the advisory team—together with Partner & Head of Transactions Fiona Xu, Esq., Attorney Roy Wang, Esq., and Attorney Aurora Shao, Esq.—in providing comprehensive legal support to this research-driven company advancing the path toward artificial general intelligence (AGI).

Simular is advancing toward human-like autonomous AI agents, with this Series A funding positioned to accelerate its research, expand its product capabilities, and support its long-term AGI vision. Given the sophisticated syndicate of top-tier investors involved, the transaction required careful negotiation of investment terms, governance structure, and long-term IP protections. ILS advised Simular throughout the process, ensuring that the company’s technical roadmap and AGI ambitions were fully aligned with a sound legal framework for its next stage of growth.

David’s Insights: “At ILS, our core strength lies in truly understanding how our clients operate—their business models, priorities, and long-term goals. We are not just lawyers; we act as strategic business partners. That’s what allows us to deliver legal solutions that align with real-world execution and help companies scale with confidence.”

ILS is proud to support Simular as it transforms how humans interact with technology and builds the future of intelligent, autonomous systems.

Recent ILS Financing Transactions Highlights

ILS continues to support innovative technology companies in their growth journeys. Our recent representative financing transactions include:

Priced Round Financings:

• Advised a world-leading consumer electronics company on its $50 million Series A and $20 million+ SAFE financing

• Advised Autonomous trucking technology company on its $31.5 million Series Seed financing.

• Advised AI-powered creative tools technology company on its $10 million Series Seed financing.

• Advised AI-driven streaming & content technology company on its $5 million Series Seed financing.

SAFE Financings:

• Advised a leading AI solutions company on its $1.5 million SAFE financing.

• Advised AI robotics and Physical AGI technology company on its $1.45 million SAFE financing.

• Advised multiple AI technology companies on their SAFE financings.

  
  

ILS brings expertise in venture financing deals, from seed to late-stage rounds, and helps founders and investors navigate complex transactions with strategic counsel and efficient execution. We are committed to supporting the next generation of transformative technology companies.

If your company is navigating a financing round or evaluating strategic investment opportunities, the ILS M&A team provides targeted, execution-ready legal support to help you close deals efficiently and protect your long-term interests. To discuss how we can assist with your next transaction, contact us at contact@consultils.com.

Disclaimer: The materials provided on this website are for general informational purposes only and do not, and are not intended to, constitute legal advice. You should not act or refrain from acting based on any information provided here. Please consult with your own legal counsel regarding your specific situation and legal questions.

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As Partner and Head of M&A at ILS, David combines top-tier legal expertise with deep technical insight to guide technology companies through venture financings, M&A, and cross-border transactions. He has closed over $3 billion in financing across 100+ deals, advising clients from early-stage startups to global enterprises throughout the full corporate lifecycle. His dealmaking approach balances strategic vision with precise execution, enabling clients to move quickly while managing risk effectively.

David previously served as Head of Legal at Humane, Inc., an AI unicorn acquired by HP, and practiced at leading firms including Wilson Sonsini, Latham & Watkins, Cooley, and Gibson Dunn. Known for acting as both legal counsel and strategic business partner, he helps clients structure complex, high-stakes transactions in industries such as AI, clean energy, biotechnology, and software.

Email: contact@consultils.com | Phone: 626-344-8949