New Enterprise Associates (NEA)
Canvas Category Consultancy : Company : Venture Capital
New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. Founded in 1977, NEA has over $25 billion in assets under management as of June 30, 2023 and invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of investing includes more than 270 portfolio company IPOs and more than 450 mergers and acquisitions.
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Outrider Closes $62 Million Series D Financing to Drive Growth of Yard Automation
Outrider, the leader in autonomous yard operations for logistics hubs, has raised $62 million in an oversubscribed Series D financing round. The round was led by Koch Disruptive Technologies (KDT) and New Enterprise Associates (NEA), with additional investments from 8VC, ARK Invest, B37 Ventures, FM Capital, Interwoven Ventures, NVentures (NVIDIA’s venture capital arm), and Prologis Ventures. This funding will drive the commercial scaling of Outrider’s autonomous yard operations as a service with Fortune 500 customers in 2025 and solidify its position at the forefront of logistics automation.
With over $250 million in equity capital raised to date, Outrider is working closely with customers to launch and scale autonomous yard operations as a service across industries such as package shipping, retail and eCommerce, consumer packaged goods, and automotive. Since 2019, Outrider’s customers, representing over 20 percent of all yard trucks in operation in North America, have been actively involved in product testing and pilot deployments, highlighting their commitment to reinventing yard operations.
Nvidia Invests in Sakana AI's $100 Million Funding Round
Nvidia is investing in Sakana AI and partnering with the artificial-intelligence research company to spur AI development in Japan. Sakana AI, founded by Google engineers in 2023, announced the collaboration with the U.S.-based chip giant on Wednesday, saying it raised over $100 million from a group of investors. The Series A round was led by venture-capital firms New Enterprise Associates, Khosla Ventures and Lux Capital.
The AI lab is building technology aimed at automating the development of foundation models, based on nature-inspired ideas.
Glacier Raises Another $7.7M from New Enterprise Associates and Amazon's Climate Pledge Fund to Bring AI-Powered Robots to More Recycling Centers
Glacier, an AI and robotics company helping the recycling industry create a world without waste, announced it has raised $7.7 million in funding from NEA and Amazon’s Climate Pledge Fund, with additional participation by notable investors including AlleyCorp, Overture Climate VC, and VSC Ventures.
Glacier will allocate a significant portion of the funding towards team expansion and developing its low-cost, high-performance AI-enabled robots, which streamline recyclable sorting while gathering real-time data on recycling streams for businesses. Additionally, Glacier intends to utilize the funding to bolster its recycling capabilities, particularly in light of its recent collaboration with Amazon. This partnership is geared towards enhancing traceability and recovery processes for recyclable materials.
Mojo Vision Closes Successful New Series A Funding Round with $43.5M to Drive Micro-LED Development and Commercialization
Mojo Vision, the high-performance micro-LED company, today announced a final close of its $43.5 million new Series A investment round to advance its micro-LED display technology across applications and bring it to commercialization. The funding round is led by long-time investors New Enterprise Associates (NEA) and Khosla Ventures, and new investor Vanedge Capital, with participation from Shanda Grab Ventures, Dolby Family Ventures, Advantech Capital, Liberty Global Ventures, Drew Perkins, Fusion Fund, Open Field Capital and Knollwood Investment Fund. The final close comes six months after the company announced an initial Series A close of $22.4 million.
🖨️ Fabric8Labs Closes $50M Series B Financing for Electrochemical Additive Manufacturing Technology
Fabric8Labs, pioneer of electrochemical additive manufacturing, today announced the close of a $50M Series B investment round led by New Enterprise Associates (NEA), with participation from existing investors, including Intel Capital, imec.XPAND, SE Ventures, TDK Ventures, and Lam Capital. The new infusion of capital will be used to scale the company’s proprietary Electrochemical Additive Manufacturing (ECAM) technology and establish a pilot production facility.