New Enterprise Associates

New Enterprise Associates, Inc. is a global venture capital and private equity firm based in Menlo Park, California, founded in 1977. The firm specializes in investments across various stages of company development, from seed and startup to later-stage growth and public investments. With over $19 billion in cumulative committed capital, NEA focuses on technology and healthcare sectors, particularly in areas such as consumer internet, financial technology, software, healthcare services, life sciences, and energy technology. The firm also invests in semiconductor companies and alternative energy initiatives in India. NEA has a proven track record, with more than 210 portfolio company IPOs and over 360 acquisitions. The firm's investment strategy encompasses a global perspective, targeting opportunities in North America, Asia, and South America, and typically involves investments ranging from $0.05 million to $20 million.

Michael Albert

Associate

Kate Barrett

Partner, Communications

Peter Barris

Chairman

Forest Baskett

General Partner

Ali Behbahani

General Partner

Ron Bernal

Venture Partner

Ann Bordetsky

Partner

Zak Burns

Associate

James Buxton

Principal

Carmen Chang

Partner and Head of Asia

Philip Chopin

Managing Director, NEA UK

Brandon Christie

Principal

Pamela Clark

General Partner

Vanessa Deng

Associate

Chris Doppman

Managing Director, LP Relations

Tony Florence

General Partner

Qiang Fu

Vice President

Robert Garland

Venture Partner

Jonathan Golden

Partner

Jay Graf

Venture Partner

Arjun Jain

Senior Associate

Ronald Kase

General Partner

Patrick Kerins

General Partner

Nick Kline

Partner, LP Relations

David Kramlich

Associate

Liza Landsman

General Partner

Danielle Lay

Principal

Tiffany Le

Senior Associate

Michael Li

Investor

Tiffany Luck

Partner

Mohamad Makhzoumi

General Partner

Ed Mathers

Partner and Board Member

Matthew McAviney

Partner

Robert J. McGovern

Venture Partner

Kemi Odusan

Investor

Jess Ou

Principal

Greg Papadopoulos

Venture Partner

Luke Pappas

Partner

Michele Park

Partner

Arno Penzias

Venture Partner

Justine Potemkin

Investor

Scott Sandell

Managing General Partner

Tim Schaller

CFO

Andrew Schoen

Partner

Brooke Seawell

Venture Partner - Menlo Park

Alex Sharata

Associate

Peter Sonsini

General Partner

Brad Thawley

Partner, Limited Partner Relations

Blake Wu

Partner

Lulu Xu

Principal

Edison Zhang

Associate

J.C. Lopez MD

Principal on NEA's Healthcare Team

Past deals in Image Recognition

Lily AI

Venture Round in 2022
Lily AI is the leader in predictive psychographics for retail e-commerce. Consumer spending online for apparel now accounts for over 27% of all clothing sales. Retailers need to understand each consumer’s emotional context while they are actively shopping. Lily AI combines deep product tagging with deep, real-time psychographic analysis to determine the active state of mind of each shopper, and turns that into precise and timely recommendations. These recommendations are proven to lead to higher conversions and lower return rates. Lily AI (lilystyle.ai) was founded by two women who believe clothes to reflect how they feel about themselves. The company is venture-backed and headquartered in Mountain View, CA.

Graft

Pre Seed Round in 2022
Graft is a cloud-native platform that uses AI techniques to unlock the value of text, images, video, audio, and graphs. There is no requirement for machine learning skills, no need to hire a team, and no infrastructure to build or maintain.

Mashgin

Series B in 2022
Mashgin Inc. specializes in the development of intelligent kiosks that provide automated self-checkout solutions for various retail environments, including cafés, convenience stores, and specialty shops. Founded in 2013 and headquartered in Mountain View, California, Mashgin utilizes advanced computer vision technology, incorporating deep learning and real-time 3D capabilities. This innovative approach allows the kiosks to accurately identify and process multiple items simultaneously based on their visual characteristics, such as color, shape, and size. The system can be deployed quickly and cost-effectively, making it an attractive alternative to traditional checkout methods. Currently, Mashgin's self-checkout kiosks are in operation at hundreds of locations and serve tens of thousands of customers daily, significantly enhancing the efficiency of the retail checkout process.

Clarifai

Series C in 2021
Clarifai, Inc. specializes in advanced image recognition systems that enable users to detect near-duplicates and conduct visual searches. Founded in 2013 and headquartered in New York, the company offers a platform that employs machine learning to identify various categories, objects, and tags in images. This technology allows clients to locate similar images within large, uncategorized repositories by leveraging both semantic and visual similarities. Additionally, Clarifai provides a labeling tool called Labeler, which facilitates the organization of datasets, AI-driven data searches, and the training and scaling of AI models in production environments. The company also has an office in Tallinn, Estonia.

Neural Magic

Series A in 2021
Neural Magic is unlocking the possibility of machine learning, by re-imagining how deep learning is done. A team of pioneers, we believe machine learning has the potential to alter the trajectory of human history. Break free of limitations. Be a part of the future.

Matroid

Series B in 2020
Matroid, Inc. is a computer vision company based in Palo Alto, California, founded in 2016. It offers an intuitive platform that enables users to create and deploy custom computer vision detectors without the need for programming. The platform allows users to recognize specific people, events, and objects in visual media, monitor live television streams, and receive real-time notifications for custom events detected by security cameras. Matroid's solutions find applications across various industries, including construction, manufacturing, security, media, and retail. The company also provides Matroid On-Prem, a deployment solution that facilitates the monitoring of live streams and the searching of recorded video, enhancing the ability to respond to significant events as they occur.

Lily AI

Series A in 2020
Lily AI is the leader in predictive psychographics for retail e-commerce. Consumer spending online for apparel now accounts for over 27% of all clothing sales. Retailers need to understand each consumer’s emotional context while they are actively shopping. Lily AI combines deep product tagging with deep, real-time psychographic analysis to determine the active state of mind of each shopper, and turns that into precise and timely recommendations. These recommendations are proven to lead to higher conversions and lower return rates. Lily AI (lilystyle.ai) was founded by two women who believe clothes to reflect how they feel about themselves. The company is venture-backed and headquartered in Mountain View, CA.

Neural Magic

Seed Round in 2019
Neural Magic is unlocking the possibility of machine learning, by re-imagining how deep learning is done. A team of pioneers, we believe machine learning has the potential to alter the trajectory of human history. Break free of limitations. Be a part of the future.

Neural Magic

Seed Round in 2019
Neural Magic is unlocking the possibility of machine learning, by re-imagining how deep learning is done. A team of pioneers, we believe machine learning has the potential to alter the trajectory of human history. Break free of limitations. Be a part of the future.

Instabase

Series B in 2019
Instabase, Inc. is a technology company that offers a platform for businesses to create customizable applications aimed at automating various operational tasks. Founded in 2015 and based in San Francisco, it provides services such as optical character recognition, data classification and extraction, and natural language processing. The platform allows organizations to develop complex applications tailored to their specific needs, such as income verification and contract analysis, by efficiently processing documents like pay stubs and bank statements. Additionally, Instabase features an app store that offers a range of pre-packaged business applications across different industries, facilitating quick deployment and integration into existing workflows. This approach enables institutions to embed intelligence into their systems, ultimately driving transformation and enhancing productivity.

Fyusion

Series B in 2017
Fyusion is a San Francisco-based company specializing in 3D computer vision and machine learning, founded in 2013. The company develops a platform that transforms standard images into immersive, interactive, photorealistic 3D visuals that can be viewed on various devices, including smartphones, desktops, and VR or augmented reality systems. Fyusion's primary focus is on enhancing automotive and eCommerce imaging, allowing users to automate car condition reporting and create highly functional 3D images. By leveraging only a smartphone or standard camera for image capture, Fyusion aims to make advanced 3D visualization accessible and practical for a wide range of applications.

Lily AI

Seed Round in 2017
Lily AI is the leader in predictive psychographics for retail e-commerce. Consumer spending online for apparel now accounts for over 27% of all clothing sales. Retailers need to understand each consumer’s emotional context while they are actively shopping. Lily AI combines deep product tagging with deep, real-time psychographic analysis to determine the active state of mind of each shopper, and turns that into precise and timely recommendations. These recommendations are proven to lead to higher conversions and lower return rates. Lily AI (lilystyle.ai) was founded by two women who believe clothes to reflect how they feel about themselves. The company is venture-backed and headquartered in Mountain View, CA.

Matroid

Series A in 2017
Matroid, Inc. is a computer vision company based in Palo Alto, California, founded in 2016. It offers an intuitive platform that enables users to create and deploy custom computer vision detectors without the need for programming. The platform allows users to recognize specific people, events, and objects in visual media, monitor live television streams, and receive real-time notifications for custom events detected by security cameras. Matroid's solutions find applications across various industries, including construction, manufacturing, security, media, and retail. The company also provides Matroid On-Prem, a deployment solution that facilitates the monitoring of live streams and the searching of recorded video, enhancing the ability to respond to significant events as they occur.

Instabase

Series A in 2017
Instabase, Inc. is a technology company that offers a platform for businesses to create customizable applications aimed at automating various operational tasks. Founded in 2015 and based in San Francisco, it provides services such as optical character recognition, data classification and extraction, and natural language processing. The platform allows organizations to develop complex applications tailored to their specific needs, such as income verification and contract analysis, by efficiently processing documents like pay stubs and bank statements. Additionally, Instabase features an app store that offers a range of pre-packaged business applications across different industries, facilitating quick deployment and integration into existing workflows. This approach enables institutions to embed intelligence into their systems, ultimately driving transformation and enhancing productivity.

Mighty AI

Series B in 2017
Mighty AI delivers training data to companies that build computer vision models for autonomous vehicles. Its platform combines guaranteed accuracy with scale and expertise, thanks to its full stack of annotation software, consulting and managed services, proprietary machine learning, and global community of pre-qualified annotators. Founded in 2014, Mighty AI is headquartered in Seattle, Washington.

Matroid

Seed Round in 2017
Matroid, Inc. is a computer vision company based in Palo Alto, California, founded in 2016. It offers an intuitive platform that enables users to create and deploy custom computer vision detectors without the need for programming. The platform allows users to recognize specific people, events, and objects in visual media, monitor live television streams, and receive real-time notifications for custom events detected by security cameras. Matroid's solutions find applications across various industries, including construction, manufacturing, security, media, and retail. The company also provides Matroid On-Prem, a deployment solution that facilitates the monitoring of live streams and the searching of recorded video, enhancing the ability to respond to significant events as they occur.

Pilot AI

Series A in 2016
We're building a deep-learning based computer vision platform to solve real problems directly on compute-constrained embedded devices. We're working with some of the largest consumer electronics and chip companies. We're profitable, are backed by top VCs, and are HIRING! If you're interested in helping us ship great products with our customers that are used every day by millions of people around the world, drop us a line at jobs@pilot.ai.

Instabase

Seed Round in 2015
Instabase, Inc. is a technology company that offers a platform for businesses to create customizable applications aimed at automating various operational tasks. Founded in 2015 and based in San Francisco, it provides services such as optical character recognition, data classification and extraction, and natural language processing. The platform allows organizations to develop complex applications tailored to their specific needs, such as income verification and contract analysis, by efficiently processing documents like pay stubs and bank statements. Additionally, Instabase features an app store that offers a range of pre-packaged business applications across different industries, facilitating quick deployment and integration into existing workflows. This approach enables institutions to embed intelligence into their systems, ultimately driving transformation and enhancing productivity.

Mighty AI

Series A in 2015
Mighty AI delivers training data to companies that build computer vision models for autonomous vehicles. Its platform combines guaranteed accuracy with scale and expertise, thanks to its full stack of annotation software, consulting and managed services, proprietary machine learning, and global community of pre-qualified annotators. Founded in 2014, Mighty AI is headquartered in Seattle, Washington.

Hyperverge

Seed Round in 2015
HyperVerge, Inc. is a technology company founded in 2014 and based in Los Altos, California, that specializes in artificial intelligence engines for image and video analysis. The company offers solutions under the HyperVerge FinTech and HyperVerge Geospatial brands, catering primarily to the financial technology sector and other disruptive organizations. HyperVerge's platforms provide advanced tools for identity verification, including face detection, scene recognition, and duplicate photo detection. These capabilities enable clients to streamline documentation processes, reduce fraud, and ensure compliance with anti-money laundering regulations. Additionally, HyperVerge's technology supports the analysis of consumer-generated content as well as emerging data from drones, satellite imagery, and industrial sources.

GumGum

Series C in 2015
GumGum, Inc. is a technology and media company based in Santa Monica, California, specializing in in-image advertising and visual intelligence solutions. Founded in 2006, it provides a variety of services including influencer marketing, site monetization, community management, and targeted media buying. The company’s proprietary technology utilizes machine learning and deep learning to deliver contextual advertising, enabling brands to effectively engage with their target audiences. GumGum's visual intelligence platform, along with its contextual advertising engine, Verity™, allows advertisers to safely and accurately place ads alongside relevant content. Additionally, GumGum offers tools such as AdBuilder, which enables brands to customize and launch in-image and in-screen advertisements. The company has expanded its presence with offices in various cities across the United States, as well as in London and Sydney, enhancing its ability to serve clients globally.

Fyusion

Series A in 2015
Fyusion is a San Francisco-based company specializing in 3D computer vision and machine learning, founded in 2013. The company develops a platform that transforms standard images into immersive, interactive, photorealistic 3D visuals that can be viewed on various devices, including smartphones, desktops, and VR or augmented reality systems. Fyusion's primary focus is on enhancing automotive and eCommerce imaging, allowing users to automate car condition reporting and create highly functional 3D images. By leveraging only a smartphone or standard camera for image capture, Fyusion aims to make advanced 3D visualization accessible and practical for a wide range of applications.

Mighty AI

Seed Round in 2014
Mighty AI delivers training data to companies that build computer vision models for autonomous vehicles. Its platform combines guaranteed accuracy with scale and expertise, thanks to its full stack of annotation software, consulting and managed services, proprietary machine learning, and global community of pre-qualified annotators. Founded in 2014, Mighty AI is headquartered in Seattle, Washington.

Fyusion

Seed Round in 2014
Fyusion is a San Francisco-based company specializing in 3D computer vision and machine learning, founded in 2013. The company develops a platform that transforms standard images into immersive, interactive, photorealistic 3D visuals that can be viewed on various devices, including smartphones, desktops, and VR or augmented reality systems. Fyusion's primary focus is on enhancing automotive and eCommerce imaging, allowing users to automate car condition reporting and create highly functional 3D images. By leveraging only a smartphone or standard camera for image capture, Fyusion aims to make advanced 3D visualization accessible and practical for a wide range of applications.

GumGum

Series B in 2011
GumGum, Inc. is a technology and media company based in Santa Monica, California, specializing in in-image advertising and visual intelligence solutions. Founded in 2006, it provides a variety of services including influencer marketing, site monetization, community management, and targeted media buying. The company’s proprietary technology utilizes machine learning and deep learning to deliver contextual advertising, enabling brands to effectively engage with their target audiences. GumGum's visual intelligence platform, along with its contextual advertising engine, Verity™, allows advertisers to safely and accurately place ads alongside relevant content. Additionally, GumGum offers tools such as AdBuilder, which enables brands to customize and launch in-image and in-screen advertisements. The company has expanded its presence with offices in various cities across the United States, as well as in London and Sydney, enhancing its ability to serve clients globally.

Picaboo

Venture Round in 2009
Picaboo is a web-based image publishing and printing service based in Redwood City, California. Customers can upload their digital photos through Picaboo's in-browser application and create a variety of personalized photo products such as photo books, cards, calendars, canvas prints and more. Picaboo is best known for its line of photo books. Picaboo was founded in 2002 by longtime friends, and Babson College classmates, Howard Field and Kevin McCurdy. The first version of its photo editor was lanched in 2005. The name Picaboo was derived from the phrase "peekaboo," a common expression that brings smiles to people’s faces. Originally available as a downloadable desktop application, Picaboo has since retired its desktop application for an exclusively browser-based flash application. In December 2012, The Wall Street Journal rated Picaboo the top photo book creator in terms of finished product quality. In June of 2014 Picaboo claims to have printed its 2 millionth photo book.

SnapTell

Series A in 2007
SnapTell specializes in mobile marketing solutions, offering a highly customizable platform that enables marketers to execute campaigns efficiently. The company is known for its Snap.Send.Get solution, which allows consumers to access marketing content and information conveniently via mobile devices. In addition to marketing services, SnapTell provides visual product search technology through a mobile application that enables users to capture images of in-store products and compare prices across different retailers. This innovative approach enhances brand awareness and drives consumer engagement, ultimately contributing to increased conversion rates and revenue for businesses. SnapTell serves a diverse clientele, including brands, agencies, content owners, publishers, retailers, and operators, by delivering hosted image recognition-based mobile marketing services.
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