New Enterprise Associates related stories
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Waltz Networks raises $6.75 mln Series A from NEAWaltz Networks announced that it has raised $6.75 million in Series A funding from venture capital firm New Enterprise Associates to create self-managing computer networks. The San Francisco-based company also received a $1.4 million grant from the National Science Foundation, bringing total funding to $8.15 million.
Georgian Partners leads $25 mln Series C funding of FusionOpsFusionOps, a provider of cloud-based analytics applications for the supply chain, has raised US$25 million in a Series C financing. The round was led by Canadian growth equity firm Georgian Partners with participation from the company's existing investors, including New Enterprise Associates and Prabhu Goel, FusionOps' chairman. With the round's close, Tyson Baber, a principal at Georgian Partners, will join the company's board. Mountain View, Calif.-based FusionOps said it will use the funds raised to advance its market leadership, expand international sales operations, and continue investing in customers.
- Georgian Partners leads $25 mln Series C funding for FusionOps
FusionOps, the Mountain View, California, provider of supply-chain intelligence, closed $25 million of Series C funding, led by Georgian Partners, with participation from current investors including New Enterprise Associates and Prabhu Goel, chairman of FusionOps. The company plans to use the funds to expand international sales operations, and for other purposes. Tyson Baber of Georgian Partners will join the FusionOps board. Georgian Partners, Toronto, invests in enterprise software firms taking in $6 million of revenue a year or more.
- Cydan raises $31 mln in Series A funding
Cydan Development, Inc. raised $31 million in Series A funding from New Enterprise Associates, Pfizer Venture Investments, Lundbeckfond Ventures, Bay City Capital and Alexandria Venture Investments. Cydan raised the capital to launch Imara, Inc., which is developing treatment for sickle cell disease.
- NEA, others back German IoT startup Konux
Munich, Germany-based industrial IoT company Konux announced it has raised $7.5 million in a Series A round of funding from New Enterprise Associates, VC MIG and individual investor Andy Bechtolsheim. Additional investors include UnternehmerTUM, Warren Weiss and Michael Baum, founding chief executive of Splunk. Konux is developing smart sensor systems for industrial companies and helps them reduce maintenance costs with artificial intelligence.
- Foundry Innovation & Research 1 raises $7.5 mln
Foundry Innovation & Research 1 Ltd (Fire 1) said April 12 that it closed its Series B financing at $7.5 Existing investors including Lightstone Ventures and New Enterprise Associates, as well as Medtronic, participated in the round. Foundry also named Conor Hanley as its President and CEO. Dublin-based FIRE1 is a medical device company.
- ViewLift raises $8 mln, taps NeuLion's Brown as revenue chief
ViewLift, the New York provider of an over-the-top content distribution and monetization platform, closed an $8 million funding round. Weekapaug Partners and Robert Hisaoka joined previous investors Ted Leonsis, Clark Ventures, New Enterprise Associates, Revolution and others. In addition, ViewLift said it named Steven Brown chief revenue officer. Brown joins ViewLift from NeuLion Inc., the Plainview, New York, specialist in digital video broadcasting, distribution and monetization, where he was senior vice president of advertising solutions and platform sales.
- Bright Health raises $80 mln; Series A round led by Bessemer and NEA
Bright Health, the Minneapolis startup set to offer affordable health-care plans based on partnerships with health systems, raised $80 million of Series A funding. The round was led by Bessemer Venture Partners and New Enterprise Associates, with Flare Capital Partners and others participating. Bright Health said it would use the funding to roll out its offerings to individuals nationwide; it plans to enter its first market and enroll members for the 2017 plan year. The company’s CEO and one of its co-founders is Bob Sheehy, former CEO of United Healthcare.
- NEA, U.S. government invest $2.9 mln in Veriflow
New Enterprise Associates, the National Science Foundation and the U.S. Department of Defense invested $2.9 million in initial investor funding in Veriflow, a network breach and outage prevention company. Veriflow has emerged from stealth.