Articles from New Enterprise Associates, Inc.

August, the first AI platform built specifically for midsize law firms, raised $7M and unveiled configurable AI workflows that adapt to each firm’s tasks. The round was led by NEA and Pear VC, with strategic participation from leading law schools, Afore Capital, and notable angel investors, including Gokul Rajaram, Geoff Charles (Chief Product Officer at Ramp), David Azose (Head of Engineering at OpenAI), and Kevin Zhang (Partner at Bain Capital Ventures), among other prominent backers.

Global venture capital firm New Enterprise Associates, Inc. (NEA) today announced the promotions of technology investors Madison Faulkner and Mustafa Neemuchwala to Partner. Faulkner, based in NEA’s Menlo Park office, focuses on early-stage investments in data, infrastructure, developer tools and AI. Neemuchwala invests in AI, cybersecurity and infrastructure across all stages and is based in the firm’s New York office.

Samaya AI, the expert artificial intelligence platform for financial services, today announced $43.5 million in financing, led by NEA (New Enterprise Associates), with participation from leaders in technology and financial services, including Eric Schmidt (former CEO of Google), Yann LeCun (AI Turing Award winner), David Siegel (Co-founder Two Sigma), and Marty Chavez (Vice Chair Sixth Street), among others. The funds will be used to support Samaya’s product development and market expansion.

New Enterprise Associates, Inc. (NEA) announced today that Anna Golynskaya has joined the firm as Partner, Head of Capital Formation and Limited Partner Relations. Golynskaya brings two decades of expertise to this new role, in which she will spearhead the continued evolution of NEA’s global platform for capital partnerships and investor engagement.

triValence, the healthcare services company delivering next-generation, AI-powered infrastructure to automate supply chain management and payment processes, today announced the appointment of Will Byington as Chief Executive Officer. Byington assumes leadership at a time of rapid growth for triValence, bringing extensive expertise in operations and supply chain management at the intersection of healthcare and technology.

Global venture capital firm New Enterprise Associates, Inc. (NEA) today announced the promotions of Mustafa Neemuchwala and Hunter Worland to Principal. Neemuchwala and Worland, both based in NEA’s New York office, joined the technology investment team in 2021. Neemuchwala invests in enterprise technology from seed to late-stage growth, with a focus on AI, cybersecurity, infrastructure and frontier tech. Worland invests in fintech, commerce and consumer technology.

New Enterprise Associates, Inc. (NEA) today announced several key promotions on its investing team: Partners Andrew Schoen and Blake Wu have been elevated to the firm’s Venture Capital Investment Committee, and Alex Sharata has been promoted to Partner.

New Enterprise Associates, Inc. (NEA) announced today that longtime partners Tony Florence and Mohamad Makhzoumi have been named Co-CEOs of the 47-year-old firm, recognizing the growing leadership roles each has played over the last decade-plus and reflecting NEA’s enduring focus on both organizational continuity and continuous evolution over multiple generations. In conjunction with their appointments, Scott Sandell will assume the full-time role of Executive Chairman and Chief Investing Officer. All three will continue to actively invest, with Sandell’s new role also signifying an enhanced day-to-day focus on company building and team mentorship.

New Enterprise Associates, Inc. (NEA) announced today that Lila Tretikov has joined the firm as Partner, Head of AI Strategy. A renowned expert on artificial intelligence and business transformation, Tretikov’s career-long focus on applying technology to solve the world’s most challenging problems has encompassed all facets of AI, from entrepreneurship to engineering to ethics. She most recently served as Microsoft’s Deputy Chief Technology Officer, fueling the growth of several multi-billion-dollar businesses as the company scaled AI out of the lab and into the mainstream. In her newly created role at NEA, Tretikov will spearhead the firm’s strategy to advance AI innovation, adoption and implementation across its portfolio and investing practices, as well as pursue new investment opportunities.

New Enterprise Associates, Inc. (NEA) announced today that Tiffany Luck has joined the firm as a Partner on its technology investing team. A prolific investor with deep company building expertise across the spectrum of enterprise software, Luck will be based in NEA’s New York office with a focus on investments in B2B SaaS, APIs, and AI. She most recently served as a Partner at GGV Capital where she focused on investing in enterprise software across the firm’s San Francisco and New York offices.