New Enterprise Associates related stories
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Google Brain co-founder raises $175 million fund for AI startups: ReutersAndrew Ng, who formerly led artificial intelligence projects at Alphabet Inc’s Google and Chinese firm Baidu Inc, has raised a $175 million fund to invest in AI startups, starting with one of his own aimed at computers detecting defects in products, Reuters reported.
Rewards app Drop raises $26 mln in NEA-led Series A roundToronto-based mobile rewards program Drop has secured about $26 million (US$21 million) in a Series A financing. U.S. venture capital firm New Enterprise Associates (NEA) led. It was joined by Sierra Ventures, White Star Capital, ff Venture Capital, Portag3 Ventures and Silicon Valley Bank, most of which invested in the company's seed funding last year. Drop also announced it has hired Ian Logan, formerly an Airbnb executive, as vice president of engineering. Drop provides a free mobile app that allows millennials to earn rewards while shopping. Founded in 2015 by CEO Derrick Fung, the company will use the funds raised for a "major innovation push" in 2018.
- Millennial-focused rewards program Drop locks in $21 mln Series A
Toronto-based Drop, a millennial-focused rewards program, has raised $21 million in Series A funding. New Enterprise Associates led the round with participation from other investors that included Sierra Ventures, White Star Capital, ff Venture Capital, Portag3 Ventures and Silicon Valley Bank.
- Costanoa Ventures and NEA lead seed round for Aquabyte
San Francisco and Norway-based Aquabyte, which uses computer vision and machine learning models to optimize fish farming efficiency, has raised $3.5 million in seed funding. Costanoa Ventures and New Enterprise Associates led the round with participation from other investors that included Princeton University.
- Logikcull lands $25 mln in NEA-led round
San Francisco-based Logikcull, a provider of legal intelligence software, has secured $25 million in funding. New Enterprise Associates led the round with participation from return backers OpenView Venture Partners and Storm Ventures.
- Tigera snaps up $10 mln in Madrona-led round
San Francisco-based Tigera Inc, a networking solutions provider, has raised $10 million in funding. Madrona Venture Group led the round with participation from New Enterprise Associates and Wing Venture Capital. In addition to the funding, Soma Somasegar, a managing director at Madrona Venture Group, has joined Tigera’s board of directors.
- Benchmark leads Series A funding of open source database company Timescale
New York-based Timescale, an open source database company, announced it has raised $12.4 million in a Series A round of funding. Benchmark led the round, which included participation from New Enterprise Associates, Two Sigma Ventures and several angels. The company, which previously raised an unannounced $3.7 million seed-stage round led by NEA, has now raised more than $16 million in total equity. As part of the Series A, Peter Fenton has joined the board, which includes Forest Baskett of NEA and co-founders Ajay Kulkarni and Mike Freedman.
- Finery nabs $5 mln seed in NEA-led round
Finery, an automated online wardrobe platform with predictive analytics for styling and shopping, has secured $5 million in seed funding. New Enterprise Associates led the round with participation from other investors that included Farfetch, BBG Ventures, Adrian Cheng through C Ventures, Correlation Ventures, Next Coast Ventures and Halogen Ventures.
- Pager snags funding in Horizon Healthcare Services-led round
New York-based Pager, a mobile-first patient engagement and care navigation platform for large health plans and health systems, has raised an undisclosed amount of funding. Horizon Healthcare Services led the round with participation from other investors that included Lux Capital, Goodwater Capital, New Enterprise Associates and Vero Norte.