New Enterprise Associates (NEA) — 2025 Investments

SetPoint Medical develops an FDA-approved implantable neurostimulation device that stimulates the vagus nerve to reduce inflammation, offering a device-based treatment for adults with moderate-to-severe rheumatoid arthritis who have not responded to biologic or targeted synthetic drugs.

BiotechHealthtechMedical DevicesValencia, US

Murthy Simhambhatla(CEO)David Chernoff(Chief Medical Officer (MD))Yaakov Levine(PhD)Rohan Seth(Executive Officer)

BoardJuan-Pablo Mas(Director)

Board seatBlake Wu· per SEC Form D

Co-investorsAlly Bridge GroupNorwest Venture PartnersTopspin PartnersCatalio Capital Management, LPCitta CapitalLightstone Ventures+4 more

Aigen builds solar-powered autonomous field robots ("Element") that use AI vision to identify and mechanically remove weeds without chemicals.

AgTechAI & Machine LearningRoboticsSeattle, US

Richard Wurden(Co-founder)inKenny Lee(Co-founder)in

BoardDan Fitzgerald(Director)Henry Magun(Director)

Board seatAndrew Schoen· per SEC Form D

Co-investorsCleveland AvenueIndustrious VenturesAgFunderReGen Ventures

Belong Health provides a full-stack health plan operating platform and partnership model that helps organizations design and run health plans, sharing the risk of launching and building them.

Digital HealthHealthtechInsurTechSaaSRadnor, US

Douglas Duane Byrd(Executive Officer)

Board seatMohamad Makhzoumi· per SEC Form D

Co-investorsBlue Venture FundsMaverick Ventures

Datafold builds AI-powered agents and tools that automate complex data engineering tasks including migrations, optimization, CI/CD, and data quality validation.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSNew York City, US

Gleb Mezhanskiy(Founder)inAlex Morozov(Founder)in

BoardPeter Sonsini(Director)in

Board seatAaron Jacobson· per SEC Form D

Co-investorsAmplify PartnersAngel Collective Opportunity FundAvant LabsGood News VenturesY CombinatorESSENCE VC+1 more

Fabric8Labs develops Electrochemical Additive Manufacturing (ECAM), a room-temperature metal 3D printing technology that produces dense, high-purity metal parts with micron-scale resolution and no post-processing.

Advanced ManufacturingDeep TechHardwareSemiconductorsSan Diego, US

Jeffrey Herman(Executive Officer, Director)David Pain(Director)in

BoardCyril Vancura(Director)inJennifer Ard(Director)in

Board seatGreg Papadopoulos· per SEC Form D

Co-investorsIntel CapitalLam CapitalMarunouchi Innovation PartnersSE VenturesEricsson VenturesTDK Ventures+5 more

Flox provides tooling to manage software and its dependencies down to individual packages, including SBOMs and provenance, with reproducible environments that work across the software lifecycle.

AI & Machine LearningCloud ComputingCybersecurityDeveloper ToolsEnterprise SoftwareNew York City, US

Ron Efroni Rotman(Executive Officer, Director)Michael Brantley(CTO)inRon Efroni(CEO)inBen Futoriansky(Executive Officer)in

BoardPavel Livshiz(Director)in

Board seatAaron Jacobson· per SEC Form D

Co-investorsHetz Ventures

Horizon3.ai builds cybersecurity products and solutions.

AI & Machine LearningCybersecurityEnterprise SoftwareSan Francisco, US

Snehal Antani(Founder)inMatthew HartleyinAnthony Pillitiere(Director)

BoardIlya Kirnos(Director)inMichael Robinson(Director)in

Board seatLila Tretikov· per SEC Form D

Co-investorsAcrew CapitalCraft VenturesNewView CapitalNightDragonQualcomm VenturesRaptor Group+3 more

Pathos applies AI, biological modeling, and a large collection of multimodal oncology patient data to develop cancer drugs and accelerate clinical development.

AI & Machine LearningBiotechDigital HealthHealthtechChicago, US

Eric Lefkofky(Executive Officer, Director)Eric Lefkofsky(Co-founder)Ryan Fukushima(Co-founder)Andrew Heinlein(Executive Officer)Alex Dolan(Executive Officer)Iker Huerga(Chief Executive Officer and Board Member)

Board seatMohamad Makhzoumi· per SEC Form D

Co-investorsCota CapitalLightbank

Toloka provides expertly curated training and evaluation data as a managed service for developing AI agents and large language models, covering agentic skills, AI safety, coding, reasoning, and multimodal generation.

AI & Machine LearningData & InfrastructureEnterprise SoftwareNewburyport, US

Olga Megorskaya(Founder & CEO)Yelena Darmon(Executive Officer)Anton Mityagin(Executive Officer)

BoardArkady Volozh(Director)Mikhail Parakhin(Director)

Board seatLila Tretikov· per SEC Form D · $90M raise · filed May 2025

Vori Health is a nationwide specialty medical practice that treats back, neck, and joint pain using board-certified orthopedic specialists and integrated care teams.

Digital HealthHealthtechWellness & FitnessNashville, US

Ryan Grant(Executive Officer, Director)Mary O'Connor(Executive Officer, Director)Ryan A. Grant, MD, MS, MBA, FAANS(Founder)in

BoardJane Suh(Director)in

Board seatMohamad MakhzoumiHui Cheng· per SEC Form D

Co-investorsAlleyCorpAscension VenturesBrightstone Venture CapitalEcho Health VenturesGood FriendsAlley Robotics Ventures

Wallingford, US

Earl Bright(Executive Officer, Director)

BoardBradley Marzullo(Director)Mahesh Krishnan(Director)Steve Phillips(Director)

Board seatJoshua Makower· per SEC Form D · $33M raise · filed Dec 2025

Aurelian builds software for Public Safety Answering Points (PSAPs) to help telecommunicators manage non-emergency calls more efficiently and stay focused on emergencies.

AI & Machine LearningEnterprise SoftwareGovTechSaaSSeattle, US

Max Keenan(Founder)inJames Liu(Founder)in

Co-investorsY CombinatorFUSEPalm Drive Capital

BNTO operates a clothing and accessories rental subscription service that allows customers to select and rotate designer pieces monthly without committing to ownership.

B2B MarketplacesCircular EconomyConsumer

Co-investorsBasis Set VenturesNotable CapitalAI Fund

Charm develops open-source tools and libraries for building glamorous command-line interfaces and terminal user experiences, including CLI frameworks, UI components, and integrations with language models.

Developer Tools

Co-investorsBetaworksCavalry VenturesGradient VenturesLOWERCARBONLowercarbon CapitalBootstrapLabs+5 more

Charm is a payments and savings app that enables users to send money across different platforms (Venmo, Cash App, Zelle) through a unified interface, with funds earning interest when held in the app.

ConsumerCrypto & Web3FintechSocialNew York City, US

Gray Newfield(Founder)inNoah Newfield(Founder)in

Co-investorsY Combinator468 CapitalBootstrapLabsCavalry VenturesFuel CapitalGradient Ventures+3 more

Charm builds open-source tools and libraries for creating user interfaces and applications in the terminal, including command-line interface frameworks, markdown readers, and components for developers.

Developer Tools

Co-investorsMotive ForceNAPCavalry VenturesFuel CapitalGradient VenturesKhosla Ventures+2 more

Clio provides cloud-based legal practice management software and client communication tools for law firms to streamline operations and improve client service.

AI & Machine LearningCloud ComputingLegalTechSaaSVancouver, CA

Jack Newton(CEO and Founder)inRian Gauvreau(Co-founder)Sergey Konchakovskiy(Director, Chief Executive Officer)

BoardJulian Steinberg(Director)John Bush(Director)Alyssa Ferenz(Director)

Co-investorsActon CapitalBessemer Venture PartnersCapitalGIntrepid Growth PartnersJMI EquityPoint Nine+6 more

Clockwork is AI-powered financial planning and analysis software that connects to QuickBooks, Xero, or Excel to automatically generate cash flow forecasts, financial models, and dashboards for businesses and accounting firms.

AI & Machine LearningFintechSaaS

Fady Hawatmeh(Founder)in

Co-investorsG20 VenturesUnderscore VC

DJUST provides a B2B digital commerce platform that helps large companies build and run their B2B commerce operations.

AI & Machine LearningE-commerceEnterprise SoftwareSaaS

Alexis Delplanque(Founder)Arnaud Rihiant(Founder)in

Co-investorsElaiaSpeedinvestNauta CapitalOpera Tech Ventures

Glacier develops AI-powered robotic systems for material recovery facilities (MRFs) to improve recycling sorting and material quality.

AI & Machine LearningCircular EconomyRoboticsSan Francisco, US

Rebecca Hu-Thrams(Founder)Areeb Malik(Founder)

Co-investorsAlleyCorpAsymmetric Capital PartnersEcosystem Integrity FundJetstreamOverlap HoldingsSHAKTI+8 more

Data & InfrastructureDigital HealthHealthtechNew York, US

Sebastian G. Schneeweiss(Director)William Geary(Director)inJeremy Rassen(Executive Officer, Director)

Co-investorsB Capital GroupB4 CapitalBlue Lion GlobalFlare Capital PartnersForesite CapitalLG Technology Ventures+6 more

Kaizen provides a platform for defining and executing browser automations by writing workflows in plain English, targeting enterprise customers across healthcare, logistics, fintech, and procurement sectors who need to automate interactions with portal-based systems and processes.

AI & Machine LearningEnterprise SoftwareSan Francisco, US

Kenneth Acquah(Founder)inMichael Silver(Founder)in

Co-investorsY CombinatorAccelAndreessen HorowitzCarpenter Capital

lizzyAI automates large-scale candidate screening, running structured interviews to produce data-backed shortlists for hiring teams and recruitment clients.

AI & Machine LearningHR TechSaaS

Yannis Niebelschuetz(Founder)inShai Meital(Founder)in

Co-investorsAngel InvestHeartfelt CapitalZero Prime VenturesSpeedinvest

QuoteWell is a tech-enabled insurance wholesaler that helps agencies place Builder's Risk and other construction-related coverage, offering online quoting and submission workflows plus a "Human+" support model.

AI & Machine LearningConstruction TechFintechInsurTechSaaSAustin, US

Joey Bouchard(Founder)in

Co-investorsFloating PointBrand Foundry VenturesClocktower VenturesGoldcrest Capital

Sakana AI develops frontier AI research and products, including large language models, multi-agent orchestration systems, and AI solutions tailored for Japanese enterprises and public sector organizations.

AI & Machine LearningCloud ComputingDeep TechDefense TechTokyo, JP

David Ha(Co-Founder & CEO)Ren Ito(Co-Founder & Chairman)inLlion Jones(Co-Founder & CTO)

Co-investorsGlobal BrainBasis Set VenturesIn-Q-Tel500 GlobalFujitsu VenturesGeodesic Capital+11 more

Samaya builds specialized AI agents trained on custom financial LLMs to retrieve, contextualize, and reason over real-time information and research libraries for investment decisions.

AI & Machine LearningEnterprise SoftwareFintechMountain View, US

Maithra Raghu(Founder)in

Co-investorsAir Street CapitalSherpalo VenturesBoom Capital VenturesNVentures

Pantheon provides a platform that applies DevOps principles to web applications, enabling digital marketing teams and developers to accelerate the development, testing, and deployment of website changes.

Cloud ComputingDeveloper ToolsEnterprise SoftwareMarketing TechSaaS

Josh Koenig(Founder)in

Co-investorsFloodgateFoundryHeavybitOpenView Venture PartnersSoftBank Vision FundNVIDIA+1 more

Sourcery provides automated code review and security scanning tools that integrate with developer workflows to catch vulnerabilities, logic errors, and security gaps in code from initial writing through merge.

AI & Machine LearningCybersecurityDeveloper ToolsLondon, GB

Co-investorsMolten VenturesTechstarsAbstract VenturesFounders FundLux CapitalNVIDIA+1 more

Instabase provides an AI platform that transforms unstructured documents into reliable, auditable data for organizations to automate mission-critical business processes.

AI & Machine LearningData & InfrastructureEnterprise SoftwareSan Francisco, US

Anant Bhardwaj(Founder and CEO)inAshish Dahiya(Chief Operating Officer)inOmkar Pendse(Chief Product and Technology Officer)inOzge Ozcan(Chief Customer Officer)Varun Jain(Product Management lead (Bengaluru); previously Co-Founder at Zoomtail Technologies)David Lluncor(Head of Automation and Productivity)

Co-investorsAndreessen HorowitzGlynn Capital ManagementGreylock PartnersIndex VenturesOriginal CapitalSC Ventures+5 more

Uniphore provides a Business AI Cloud platform that enables enterprises to build, deploy, and scale autonomous AI agents across operations with built-in governance, security, and sovereignty controls.

AI & Machine LearningEnterprise SoftwareSaaS

Umesh Sachdev(Founder & CEO)in

Co-investorsAvant LabsChiratae VenturesCisco InvestmentsCXO FundIron PillarJC2 Ventures+8 more

Yard.bot provides recurring residential lawn care using robotic mowers overseen by human staff, offering mowing, trimming, edging, and clipping cleanup on a scheduled basis.

AgTechConsumerRoboticsTanner, US

Divya Thakur(Founder)Divya Chetan Thakur(Executive Officer, Director)

Co-investorsHalogen Ventures Management Company Llc8VCB37 VenturesBenchmarkGOOSE CapitalInterwoven Ventures+3 more

Zania builds AI-driven governance, risk, and compliance (GRC) and security software.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSPalo Alto, US

Shruti Gupta(Founder & CEO)in

Co-investorsA'Z AngelsPalm Drive Capital

Plaid (プレイド) is a Japanese technology company that builds products using data and technology to make large-scale, complex unstructured data intuitively usable by people.

AI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing TechSaaSTokyo, JP

Kenta Kurahashi(Representative (CEO))

Co-investorsFemto PartnersSMBC Venture CapitalBlackRockFranklin TempletonRibbit Capital