We advised Corvex on the PIPE

Davis Polk advised Corvex, Inc. in connection with its $33 million private placement of common stock and series D convertible preferred stock.

Corvex is an AI cloud computing company specializing in GPU-accelerated infrastructure for AI workloads and a publicly traded pure-play AI compute platform. The company provides secure, scalable and cost-efficient compute resources through GPU-accelerated clusters, high-throughput storage and a layered architecture engineered for reliability, performance and efficiency at scale. Corvex’s product suite includes AI Factories and GPU Clusters, the Assured AI confidential-computing platform, as well as the Corvex Token Factory, an inference platform currently in closed alpha.

The Davis Polk corporate team included partners John H. Runne and Michael Kaplan and associates Megan P. Phansalkar and Robert Safonte. The investment management team included counsel Sarah E. Kim and associates Saloni Pant and Amanda Cohen. The tax team included partner Patrick E. Sigmon, counsel Dustin Plotnick and associate Alex (Ang) Gao. All members of the Davis Polk team are based in the New York office.

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