New Enterprise Associates

New Enterprise Associates is a venture capital firm founded in 1977 and based in Menlo Park, California, with offices in the United States, India and China. It makes investments across technology and healthcare startups at multiple stages, from seed to growth, including software, cloud, data, internet services, fintech, AI, e-commerce, and enterprise technology, as well as healthcare information technology, life sciences, medical devices, and biopharma. It also considers energy technology and infrastructure opportunities, such as solar, batteries and smart grids. The firm pursues a global approach, with activity in the United States, Asia and other regions, and supports companies through rounds of financing ranging from small to sizable investments as they scale. NEA focuses on building portfolios in software, IT services, consumer technology, and healthcare technology, backing ambitious entrepreneurs across sectors and geographies.

Michael Albert

Associate

Kate Barrett

Partner, Communications

Forest Baskett

General Partner

Ann Bordetsky

Partner

James Buxton MD

Principal

Past deals in Image Recognition

Modyfi

Seed Round in 2023
Modyfi is an image editing platform that leverages artificial intelligence to enable real-time, multi-user collaboration on photo editing. It provides AI-native design tools, supports commenting and markups, includes integrated video chat, and centralizes projects and resources to streamline feedback and progress sharing within teams.

Modyfi

Venture Round in 2022
Modyfi is an image editing platform that leverages artificial intelligence to enable real-time, multi-user collaboration on photo editing. It provides AI-native design tools, supports commenting and markups, includes integrated video chat, and centralizes projects and resources to streamline feedback and progress sharing within teams.

Clarifai

Series C in 2021
Founded in 2013, Clarifai specializes in advanced image recognition systems for detecting near-duplicates and enabling visual search. Its platform recognizes various categories, objects, and tags in images, and finds similar images in large uncategorized repositories using a combination of semantic and visual similarity.

Neural Magic

Series A in 2021
Neural Magic specializes in enterprise inference solutions that optimize the performance of open-source large language models across various infrastructures. The company focuses on maximizing computational efficiency and hardware utilization, enabling organizations to deploy AI models securely and cost-effectively.

Matroid

Series B in 2020
Matroid, Inc. is a Palo Alto-based company that specializes in computer vision technology. Founded in 2016, it offers an intuitive platform that enables users to create and deploy custom computer vision detectors without the need for programming. These detectors can identify people, objects, and events in visual media, making it easier for clients to monitor live streams, search recorded videos, and receive real-time notifications about specific occurrences. Matroid serves a diverse range of industries, including construction, manufacturing, security, media, and retail, by providing solutions that enhance efficiency and situational awareness through advanced visual recognition capabilities.

Neural Magic

Seed Round in 2019
Neural Magic specializes in enterprise inference solutions that optimize the performance of open-source large language models across various infrastructures. The company focuses on maximizing computational efficiency and hardware utilization, enabling organizations to deploy AI models securely and cost-effectively.

Matroid

Series A in 2017
Matroid, Inc. is a Palo Alto-based company that specializes in computer vision technology. Founded in 2016, it offers an intuitive platform that enables users to create and deploy custom computer vision detectors without the need for programming. These detectors can identify people, objects, and events in visual media, making it easier for clients to monitor live streams, search recorded videos, and receive real-time notifications about specific occurrences. Matroid serves a diverse range of industries, including construction, manufacturing, security, media, and retail, by providing solutions that enhance efficiency and situational awareness through advanced visual recognition capabilities.

Lytro

Series D in 2017
Lytro is a pioneering company focused on developing advanced Light Field imaging platform technologies, enabling artists, scientists, and innovators to achieve unprecedented creative freedom and control. Founded in 2006 by Ren Ng, who earned recognition for his groundbreaking Ph.D. research in Light Field imaging, Lytro introduced its first consumer Light Field camera in 2012. This was followed by the release of the Lytro ILLUM and associated software tools in 2014, which expanded the application of Light Field technology beyond photography to various fields, including cinematography and industrial uses. In 2015, Lytro further diversified its offerings by entering the realms of virtual reality and scientific applications, establishing itself as a central player in a new technology ecosystem. With a commitment to enhancing visual quality and creative possibilities, Lytro’s products allow users to capture multi-dimensional data from multiple angles, thereby transforming the landscape of computational imaging. The company is headquartered in Mountain View, California.

Letgo

Series C in 2017
Letgo is a mobile platform founded in 2015, facilitating local buying and selling of second-hand goods. With over 100 million downloads and 400 million listings, it's one of America's most popular apps for trading items, ranging from electronics and vehicles to clothing and furniture. Letgo's innovative features, such as image recognition and instant chat, simplify the process of listing items and connecting buyers and sellers. The platform's user-friendly interface allows users to snap a photo, and letgo automatically suggests a title, price, and category for the listing.

Matroid

Seed Round in 2017
Matroid, Inc. is a Palo Alto-based company that specializes in computer vision technology. Founded in 2016, it offers an intuitive platform that enables users to create and deploy custom computer vision detectors without the need for programming. These detectors can identify people, objects, and events in visual media, making it easier for clients to monitor live streams, search recorded videos, and receive real-time notifications about specific occurrences. Matroid serves a diverse range of industries, including construction, manufacturing, security, media, and retail, by providing solutions that enhance efficiency and situational awareness through advanced visual recognition capabilities.

Letgo

Series B in 2016
Letgo is a mobile platform founded in 2015, facilitating local buying and selling of second-hand goods. With over 100 million downloads and 400 million listings, it's one of America's most popular apps for trading items, ranging from electronics and vehicles to clothing and furniture. Letgo's innovative features, such as image recognition and instant chat, simplify the process of listing items and connecting buyers and sellers. The platform's user-friendly interface allows users to snap a photo, and letgo automatically suggests a title, price, and category for the listing.

Lytro

Series C in 2014
Lytro is a pioneering company focused on developing advanced Light Field imaging platform technologies, enabling artists, scientists, and innovators to achieve unprecedented creative freedom and control. Founded in 2006 by Ren Ng, who earned recognition for his groundbreaking Ph.D. research in Light Field imaging, Lytro introduced its first consumer Light Field camera in 2012. This was followed by the release of the Lytro ILLUM and associated software tools in 2014, which expanded the application of Light Field technology beyond photography to various fields, including cinematography and industrial uses. In 2015, Lytro further diversified its offerings by entering the realms of virtual reality and scientific applications, establishing itself as a central player in a new technology ecosystem. With a commitment to enhancing visual quality and creative possibilities, Lytro’s products allow users to capture multi-dimensional data from multiple angles, thereby transforming the landscape of computational imaging. The company is headquartered in Mountain View, California.

Lytro

Series B in 2013
Lytro is a pioneering company focused on developing advanced Light Field imaging platform technologies, enabling artists, scientists, and innovators to achieve unprecedented creative freedom and control. Founded in 2006 by Ren Ng, who earned recognition for his groundbreaking Ph.D. research in Light Field imaging, Lytro introduced its first consumer Light Field camera in 2012. This was followed by the release of the Lytro ILLUM and associated software tools in 2014, which expanded the application of Light Field technology beyond photography to various fields, including cinematography and industrial uses. In 2015, Lytro further diversified its offerings by entering the realms of virtual reality and scientific applications, establishing itself as a central player in a new technology ecosystem. With a commitment to enhancing visual quality and creative possibilities, Lytro’s products allow users to capture multi-dimensional data from multiple angles, thereby transforming the landscape of computational imaging. The company is headquartered in Mountain View, California.

Lytro

Series A in 2011
Lytro is a pioneering company focused on developing advanced Light Field imaging platform technologies, enabling artists, scientists, and innovators to achieve unprecedented creative freedom and control. Founded in 2006 by Ren Ng, who earned recognition for his groundbreaking Ph.D. research in Light Field imaging, Lytro introduced its first consumer Light Field camera in 2012. This was followed by the release of the Lytro ILLUM and associated software tools in 2014, which expanded the application of Light Field technology beyond photography to various fields, including cinematography and industrial uses. In 2015, Lytro further diversified its offerings by entering the realms of virtual reality and scientific applications, establishing itself as a central player in a new technology ecosystem. With a commitment to enhancing visual quality and creative possibilities, Lytro’s products allow users to capture multi-dimensional data from multiple angles, thereby transforming the landscape of computational imaging. The company is headquartered in Mountain View, California.

SnapTell

Series A in 2007
SnapTell is a provider of mobile marketing solutions that focuses on enhancing consumer engagement through innovative technology. The company offers a highly customizable platform that enables marketers to deploy mobile marketing campaigns efficiently. Its flagship Snap.Send.Get solution allows consumers to access marketing content and product information seamlessly while on the go, thereby increasing brand awareness and driving conversions. Additionally, SnapTell provides visual product search technology through a mobile application that enables users to take pictures of in-store products and compare prices across different locations. This image recognition-based service caters to a wide range of clients, including brands, agencies, content owners, publishers, retailers, and operators, positioning SnapTell as a key player in the mobile marketing landscape.
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