New Enterprise Associates, Inc. is a private equity and venture capital firm founded in 1977 and headquartered in Menlo Park, California, with additional offices in India and China. The firm specializes in investing across various stages of business development, from seed funding to public offerings, with a strong emphasis on the technology and healthcare sectors. Its investment strategy encompasses a wide range of industries, including information technology, consumer internet, financial technology, software, healthcare services, life sciences, biopharmaceuticals, and energy technology. New Enterprise Associates actively engages with entrepreneurs to support the growth of their companies, making investments between $0.05 million and $20 million. The firm has a global investment focus, particularly in regions such as Asia, Brazil, and the United States.
Perplexity is an innovative search engine platform that leverages artificial intelligence, specifically integrating large language models with traditional search functionalities. Utilizing advanced natural language processing and generative AI technologies, Perplexity aims to deliver conversational and contextually relevant responses to user inquiries. The platform is designed to merge the capabilities of conventional search engines with interactive AI assistance, enhancing the user experience. Additionally, Perplexity promotes an open-source environment that facilitates skill development and knowledge acquisition in software development, making its tools accessible to a broader audience. This approach positions Perplexity as a key player in the evolution of AI-driven search technologies.
Perplexity
Series B in 2024
Perplexity is an innovative search engine platform that leverages artificial intelligence, specifically integrating large language models with traditional search functionalities. Utilizing advanced natural language processing and generative AI technologies, Perplexity aims to deliver conversational and contextually relevant responses to user inquiries. The platform is designed to merge the capabilities of conventional search engines with interactive AI assistance, enhancing the user experience. Additionally, Perplexity promotes an open-source environment that facilitates skill development and knowledge acquisition in software development, making its tools accessible to a broader audience. This approach positions Perplexity as a key player in the evolution of AI-driven search technologies.
Martian
Seed Round in 2023
Martian is a developer of an artificial intelligence platform focused on enhancing model performance through innovative AI solutions. The company aims to provide improved alignment in AI by creating more interpretable alternatives to the traditional transformer architecture. By automatically routing prompts to the most suitable language model, Martian ensures that clients can leverage advanced AI capabilities to optimize their products and services. This approach not only enhances product performance but also offers clients a more effective means of utilizing AI in their operations.
Perplexity
Series A in 2023
Perplexity is an innovative search engine platform that leverages artificial intelligence, specifically integrating large language models with traditional search functionalities. Utilizing advanced natural language processing and generative AI technologies, Perplexity aims to deliver conversational and contextually relevant responses to user inquiries. The platform is designed to merge the capabilities of conventional search engines with interactive AI assistance, enhancing the user experience. Additionally, Perplexity promotes an open-source environment that facilitates skill development and knowledge acquisition in software development, making its tools accessible to a broader audience. This approach positions Perplexity as a key player in the evolution of AI-driven search technologies.
Syllable
Seed Round in 2017
Syllable is a platform focused on enhancing communication between patients and healthcare providers through AI-driven text and voice interactions. It enables users to access important healthcare information, including details about primary care, specialty referrals, vaccinations, and general practice. By integrating AI agents and managing operations alongside third-party providers of large language models and AI services, Syllable aims to streamline the delivery of healthcare guidance and support outside traditional clinical environments.
Prattle Analytics
Seed Round in 2017
Prattle Analytics specializes in investment analytics by utilizing advanced technologies to measure sentiment and forecast market impacts from publicly available communications. By employing Natural Language Processing and machine learning, Prattle's platform analyzes complex language used in various contexts, such as corporate announcements and central bank statements. This automated system transforms extensive amounts of qualitative data into real-time, quantitative insights, enabling asset managers to grasp market dynamics more effectively. As a result, users can strengthen their investment theses and develop informed trading strategies based on a clearer understanding of market-moving language.
Transifex
Seed Round in 2015
Transifex is a localization automation platform that facilitates the launch of digital products and content in multiple languages. Designed for companies with rapid development cycles, its cloud-based software allows developers to store global content and create a continuous localization workflow. With features like an API and a command-line client, Transifex ensures that new content is consistently translated and incorporated into each release, improving time-to-market and user experience. Founded in 2009 as a project incubated in Google’s Summer of Code, the company operates across two continents, serving clients in over 30 countries and localizing content into more than 100 languages. Its solutions cater to a range of digital content, including web and mobile applications, websites, games, and subtitles, enabling organizations to achieve efficient language translation without hindering their development processes.
Duolingo
Series D in 2015
Duolingo, Inc. is a language-learning platform founded in 2011 and headquartered in Pittsburgh, Pennsylvania. The company offers a free service that enables users to learn nearly 40 languages through 98 distinct courses, with an option for a premium subscription that provides additional features such as ad removal and offline access. Duolingo claims to have 30 million active users, making it a leading educational app globally. It also provides tailored solutions for educators through "Duolingo for Schools," which allows teachers to monitor student progress. The platform utilizes advanced data analytics and artificial intelligence to enhance the learning experience, incorporating engaging design elements to keep users motivated. Duolingo's revenue primarily derives from subscriptions, and it has emerged as a top-grossing app in the education category on both Google Play and the Apple App Store.
Wit.AI
Seed Round in 2014
Wit.ai, Inc. is a company based in Palo Alto, California, that specializes in natural language processing solutions. Founded in 2013, it offers an application programming interface (API) that allows developers to integrate natural language interfaces into their applications and devices, facilitating interactions through speech or text. Wit.ai enables the creation of voice interfaces that learn from user interactions, continuously improving their understanding of human language. As of January 2015, Wit.ai operates as a subsidiary of Facebook, Inc. The platform empowers developers to build conversational applications, leveraging community contributions to enhance its capabilities.
Transifex
Seed Round in 2014
Transifex is a localization automation platform that facilitates the launch of digital products and content in multiple languages. Designed for companies with rapid development cycles, its cloud-based software allows developers to store global content and create a continuous localization workflow. With features like an API and a command-line client, Transifex ensures that new content is consistently translated and incorporated into each release, improving time-to-market and user experience. Founded in 2009 as a project incubated in Google’s Summer of Code, the company operates across two continents, serving clients in over 30 countries and localizing content into more than 100 languages. Its solutions cater to a range of digital content, including web and mobile applications, websites, games, and subtitles, enabling organizations to achieve efficient language translation without hindering their development processes.
Duolingo
Series C in 2014
Duolingo, Inc. is a language-learning platform founded in 2011 and headquartered in Pittsburgh, Pennsylvania. The company offers a free service that enables users to learn nearly 40 languages through 98 distinct courses, with an option for a premium subscription that provides additional features such as ad removal and offline access. Duolingo claims to have 30 million active users, making it a leading educational app globally. It also provides tailored solutions for educators through "Duolingo for Schools," which allows teachers to monitor student progress. The platform utilizes advanced data analytics and artificial intelligence to enhance the learning experience, incorporating engaging design elements to keep users motivated. Duolingo's revenue primarily derives from subscriptions, and it has emerged as a top-grossing app in the education category on both Google Play and the Apple App Store.
Duolingo
Series B in 2012
Duolingo, Inc. is a language-learning platform founded in 2011 and headquartered in Pittsburgh, Pennsylvania. The company offers a free service that enables users to learn nearly 40 languages through 98 distinct courses, with an option for a premium subscription that provides additional features such as ad removal and offline access. Duolingo claims to have 30 million active users, making it a leading educational app globally. It also provides tailored solutions for educators through "Duolingo for Schools," which allows teachers to monitor student progress. The platform utilizes advanced data analytics and artificial intelligence to enhance the learning experience, incorporating engaging design elements to keep users motivated. Duolingo's revenue primarily derives from subscriptions, and it has emerged as a top-grossing app in the education category on both Google Play and the Apple App Store.
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