Djingov, Gouginski, Kyutchukov and Velichkov has advised a Silverline Partners – Fund LP-led consortium of private equity investors on their EUR 6.8 million Series A investment in Alcatraz Bulgaria. Cooley reportedly advised Alcatraz on the deal.
According to DGKV, Alcatraz Bulgaria is a member of the Alcatraz AI group. The group develops facial recognition solutions using artificial intelligence and machine learning. It was founded by Bulgarian Ventsi Gaydardzhiev. Alcatraz AI was established in Silicon Valley, while Alcatraz Bulgaria is responsible for the main engineering operations from its office in Sofia.
DGKV’s team was led by Partner Georgi Tzvetkov and Counsel Valentin Bojilov.