New Enterprise Associates (NEA) — 2023 Investments

Granica is an AI research and products company that builds enterprise AI infrastructure customers own and run inside their own environment, including Myelin (stateful infrastructure for long-running agents), Crunch (a data lake optimization engine that reduces storage and compute costs), and Large Tabular Models for generative AI on tabular data.

AI & Machine LearningData & InfrastructureEnterprise SoftwareMountain View, US

RPRahul Ponnala(Co-founder & CEO)inEdgar Wu(Founder)Sumit Rawat(Founder)inZhen Wang(Founder)TVTarang Vaish(Founder)in

Co-investorsBABain Capital51515 VenturesABAbstract VenturesSISINEWAVE VENTURESBABain Capital Ventures

RedRidge Bio discovers and develops biparatopic antibodies (antibodies that bind two sites on a single protein), including biparatopic antibody-drug conjugates, as therapeutics for oncology and autoimmune diseases.

BiotechHealthtech

Bill Sellers(Scientific Founder and Director Cancer Program, Broad Institute)Stephen Yoder(President & CEO)in

Co-investorsVEVersant VenturesSISixty Degree CapitalIDIDG Capital

Weaviate is a fully remote company with globally distributed teams that works on open-source technology.

AI & Machine LearningData & InfrastructureDeveloper Tools

Bob van Luijt(Founder)Etienne Dilocker(Founder)Micha Verhagen(Founder)

Co-investorsBABattery VenturesCOCortical VenturesINIndex VenturesZEZetta Venture PartnersINING VenturesDEDeep Acre+1 more

Second Front delivers software solutions to government and allied democracies to accelerate access to emerging technologies.

Defense TechDeveloper ToolsGovTechSaaSArlington, US

PDPeter Dixon(Founder)inTSTyler Sweatt(Founder)inMBMark Butler(Founder)inNate Hughes(Founder)Patrick Ryan(Founder)

BoardAlberto Yepez(Director)

Board seatAJAaron Jacobson· per SEC Form D

Co-investors13137 VenturesABAbstract VenturesARArtis VenturesBABattery VenturesBOBoeing HorizonX VenturesBOBooz Allen Ventures+7 more

Tune Therapeutics develops a therapeutic platform targeting the epigenome to treat complex diseases and regenerative medicine applications.

BiotechDeep TechHealthtechLongevityMedical DevicesDurham and Seattle, US

AMAkira Matsuno(Co-Founder, President, CFO, COO)inDJDerek Jantz(Executive Officer)inCGCharles Gersbach(Co-Founder)inJMJohn McHutchison(CEO, Chairman of the Board)inDMDan McHugh(Co-Founder, Investor)inBSBlythe Sather(Executive Officer)in

Board seatABAli Behbahani· per SEC Form D

Co-investorsDUDuke Capital PartnersHAHatteras Venture PartnersMIMission BiocapitalPAPappas CapitalRVRV Invest GmbHSASaisei Ventures+2 more

Backflip provides fix-and-flip loans and financing to real estate investors, along with free tools to analyze deals, pull comparable sales, and estimate after-repair values.

FintechPropTechLakewood, US

Jacob Rome(Executive Officer)Jake Rome(Founder)Josh Ernst(Founder)

Co-investorsFIFirstMark CapitalVEVertical Venture PartnersANAndreessen HorowitzGRGreat Oaks Venture CapitalLILiveOak Ventures

ElevenLabs is an AI research and product company that builds voice generation and audio processing platforms for creating human-like voice interactions with technology.

AI & Machine LearningCreator EconomyEnterprise SoftwareSaaSLondon, GB

MSMati Staniszewski(Founder)inPDPiotr Dabkowski(Co-founder)inHannah C(Founder)MJMateusz Jakub Staniszewski(Co-founder)inMati Staniszewski Piotr Dabkowski(Founder)Piotr Dąbkowski(Founder)

Co-investorsAIAir Street CapitalALAlkeon InnovationANAndreessen HorowitzANAntiASAspire11BOBond Capital Management+45 more

EMBRACE is a group of HR-technology, employer branding, and recruiting/vocational-training companies serving employers across the German-speaking (DACH) region, with around 7,500 customers.

EdTechHR TechSaaS

GHGero Hesse(CEO)inCHChristian Hansmann(CFO)Daniel Siekmann(COO)Felix von Zittwitz(CEO Ausbildung.de & VP Vertical Platforms)

Co-investorsBEBertelsmann InvestmentsAVAV8 VenturesBOBoxGroupCOCoVentureENEniac VenturesGRGreycroft

Flow48 offers invoice financing and revenue-based financing that lets South African SMEs convert unpaid customer invoices into working capital, with funding typically disbursed within 24–48 hours and no collateral required.

FintechSaaS

IAIdriss Al Rifai(Founder)in

Co-investorsDADaphniEVEvolution VenturesFIFirst Circle2121246468 CapitalBLBlockchain Founders Fund+4 more

Functional Finance is a SaaS platform that automates billing, invoicing, premium collection, reconciliation, commissions, and money movement for MGAs, wholesalers, and insurance carriers.

FintechInsurTechSaaSSan Francisco, US

RMRashmi Melgiri(Executive Officer, Director)inAdam Wang-Levine(Executive Officer, Director)James Ermilio(Executive Officer)

Co-investorsALAltai VenturesSUSummit Peak VenturesMUMunich Re VenturesWAWalkabout Ventures Llc

KIRA provides decentralized infrastructure for app development, offering customizable compute resources (CPU, GPU, disk, RAM) and native staking capabilities.

AI & Machine LearningCloud ComputingCrypto & Web3

Co-investorsANAngelONE CapitalBLBlack DragonD1D1 VenturesBLBlockchange VenturesGRGrit Capital PartnersINInsight Partners

Kira is an AI-based learning platform that combines instruction, assessment, and intervention into a single system, replacing disconnected education software tools.

AI & Machine LearningEdTechSaaSPalo Alto, US

APAndrea Pasinetti(Executive Officer, Director)inJagriti Agrawal(Cofounder)

BoardCCCarmen Chang(Director)inANAndrew Ng(Director)inEWEva Wang(Executive Officer)in

Co-investorsAIAI FundBLBlockchange VenturesGRGrit Capital PartnersGRGrit VenturesINInsight Partners

Ledge provides AI agents that automate the financial close process for accounting teams, running close checklists that pull data, prepare reconciliations, flux analysis, workpapers, and journal entries with review and approval built in.

AI & Machine LearningFintechSaaSSanta Monica, US

TKTal Kirschenbaum(Founder)inAKAsaf Kotzer(Founder)inAWAriel Weiss(Founder)inLuke Weber(Executive Officer, Director)Adam Neff(Executive Officer, Director)

Co-investorsFJFJ LabsPIPICUS CAPITALVEVertex Ventures IsraelAMAmplify.LAOAOak HC/FTSPSpider Capital+1 more

MaintainX provides an AI-powered computerized maintenance management system and asset management platform designed for deskless frontline workers in industrial and operational settings.

AI & Machine LearningEnterprise SoftwareIoTSaaSSan Francisco, US

CTChris Turlica(Founder)inHDHugo Dozois-Caouette(Founder)inStefan Cristian Turlica(Executive Officer, Director)NHNick Haase(Founder)inMathieu Marengère-Gosselin(Founder)

BoardCharles Reim(Director)

Co-investorsAMAmity VenturesAUAugust CapitalBABain Capital VenturesBEBessemer Venture PartnersCACategory VenturesCRCrew Capital+11 more

Martian is an AI research lab focused on understanding machine intelligence, working on model interpretability, feature geometry, and the mathematics of what large language models learn.

AI & Machine LearningDeep TechDeveloper Tools

Etan Ginsberg(Founder)Shriyash Upadhyay(Founder)

Co-investorsCACarya Venture PartnersWEWeb3com VenturesGEGeneral CatalystOROriginal CapitalPRProsus VenturesSTStratMinds

Los Angeles, US

Joseph Burfitt(Founder)in

Co-investorsHAHabitat PartnersNKNKECHI IREGBULEMSEService Provider CapitalGEGeneral CatalystINInnovation Endeavors

Ozone provides a cloud-based video editor that allows multiple users to collaborate on projects simultaneously.

ConsumerSan Francisco, US

MVMax von Wolff(Founder)in

Co-investorsY Y CombinatorBLBluewatch VenturesCOCory LevyDEDecent CapitalFAFAST — by GETTYLABGEGeneral Catalyst+8 more

An AI-powered answer engine providing accurate, trusted, and real-time answers to questions.

San Francisco, US

Andrew D. Konwinski(Executive Officer, Director)Dzianis Yarats(Director)ASAravind Srinivas Lakshminarayanan(Director, Executive Officer)ASAravind Srinivas(Founder)inDYDenis Yarats(Founder)Andrew Konwinski(Founder)

Co-investors141435 Capital35359 Capital7B7BC Venture CapitalACAccelADAdvaita CapitalAIAIX Ventures+61 more

Phathom Pharmaceuticals is a pharmaceutical company that develops and markets prescription treatments, including VOQUEZNA (vonoprazan) for gastrointestinal conditions, in the U.S. market.

BiotechHealthtech

Mr. Basta(CEO)

Co-investorsCACatalys PacificFRFrazier Life SciencesASAstellas Venture Management LLCMEMedicxi

Poppy Hand-Crafted Popcorn is a woman-owned company that makes hand-crafted popcorn.

ConsumerDirect to ConsumerE-commerceFoodTechAsheville, US

GGinger(Founder)Christina Ramm(Executive Officer, Director)Virginia Frank(Executive Officer, Director)Susan Aplin(Executive Officer, Director)

Pembroke, US

SMSheila Marcelo(Executive Officer, Director)inKelly Wahlberg(Executive Officer)

BoardTFTony Florence(Director)in

Co-investorsARArca FundsEMEmfarsisSASamsung NextANAnimoca BrandsBLBlocktower CapitalGOGoldenTree Asset Management+1 more

Strive Health provides value-based kidney care, working with providers and payors to treat patients with chronic kidney disease.

AI & Machine LearningDigital HealthHealthtechDenver, US

CRChris Riopelle(Founder)inWSWill Stokes(Co-Founder & Advisor)inDTDave Thornton(Chief People Officer)inPMPaul Marchetti(President)inJSJamie Sharp(Chief Medical Officer)inKBKeith Bellovich(Chief Nephrologist)in

Co-investorsCACapitalGCVCVS Health VenturesTOTown Hall VenturesASAscension VenturesECEcho Health VenturesPOPotentum Partners+3 more

Tagworks Pharmaceuticals develops cancer therapies using its Click-to-Release platform, a chemical reaction that activates antibody-drug conjugates (ADCs), masked immunomodulators, and other prodrugs on-target while deactivating radioimmunotherapies off-target.

BiotechHealthtechMedical DevicesNijmegen, NL

Co-investorsBIBifLILightstone VenturesNONovartis Venture FundYSYsios CapitalCLClarus VenturesGIGilde Healthcare+1 more

Together AI builds a full-stack platform for production AI systems, serving teams that need to deploy and scale machine learning models reliably.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsSan Francisco, US

VVVipul Ved Prakash(Founder)inCZCe Zhang(Founder)inCRChris Ré(Founder)TDTri Dao(Founder)inPLPercy Liang(Founder)inVipul Prakash(Founder)

Co-investors13137 VenturesA.A.Capital VenturesALAlumni VenturesBRBrave CapitalBRBrilliant Phoenix CapitalCACambium Capital+40 more

Willow (originally founded as Contento) offers social media management for small and medium-sized B2B professional service providers, combining a scheduling and content platform with AI tools and human social media coaching.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaSGhent, BE

LDLudwig Dumont(Founder)in

Co-investorsPMPMVSMSmartFinIMimec.istartLILightstone VenturesHEHetz VenturesMEMeritech Capital Partners

Workera provides skills assessment and talent intelligence solutions, helping organizations evaluate technical capabilities and workforce readiness in AI and cloud technologies.

AI & Machine LearningEdTechEnterprise SoftwareHR TechPalo Alto, US

KKKian Katanforoosh(CEO, Co-founder)inJames Lee(Founder)Andrew Ng(Workera Chairman)

Co-investorsAIAI FundAIAIX VenturesINIn-Q-TelOWOwl VenturesPLPlug and Play VenturesSOSozo Ventures+2 more

Yubico manufactures hardware security keys and authentication solutions that protect user identities and prevent unauthorized access for enterprises and consumers.

CybersecurityEnterprise SoftwareHardware

SEStina Ehrensvärd(Chief Evangelist & Co-Founder)inJEJakob Ehrensvärd(Chief Innovation Officer & Co-Founder)inChristopher Harrell(Executive Officer)inMDMattias Danielsson(Executive Officer)inHTHung Truong(Executive Officer)inRMRonnie Manning(Executive Officer)in

Co-investorsANAndreessen HorowitzVAValley Capital PartnersPRPROOFSHSherpalo VenturesMEMeritech Capital Partners