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

James Buxton MD

Principal

Pamela Clark

General Partner

Vanessa Deng

Associate

Chris Doppman

Managing Director, LP Relations

Jay Graf

Venture Partner

Arjun Jain

Senior Associate

Nick Kline

Partner, LP Relations

Mohamad Makhzoumi

General Partner, Global Head of Healthcare Services

Jake Nunn

Partner

Greg Papadopoulos

Venture Partner

Arno Penzias Ph.D

Venture Partner

Tim Schaller

CFO

George Stamas

Venture Partner

Brad Thawley

Partner, Limited Partner Relations

Lulu Xu

Principal

Edison Zhang

Associate

Past deals in Defence

Chaos Industries

Series C in 2025
Chaos Industries is a technology company focused on defense and critical industries, developing advanced sensing, detection, and communication capabilities. It leverages Coherent Distributed Networks to enhance sensing, detection, and communication across platforms and emphasizes time synchronization to enable highly mobile, scalable, and cost-efficient systems. The company delivers integrated, software-defined solutions for defense, government, and industrial applications in challenging environments.

Firestorm

Series A in 2024
Firestorm develops modular open-source unmanned aerial platforms and related hardware and software designed for defense applications. The company focuses on open-architecture systems that enable rapid, distributed manufacturing and mission-adaptable configurations. Its platforms feature swappable propulsion and payload options and are supported by mobile micro-factories that enable rapid drone production through advanced additive manufacturing. By enabling customizable, low-cost aerial systems, Firestorm aims to support military and defense operators across varied terrains and missions with adaptable, scalable solutions.

Second Front Systems

Series C in 2024
Second Front Systems develops software that facilitates government access to innovative commercial technologies for national security missions. Its flagship product, Atlas Fulcrum, enables identification, assessment, and secure deployment of these technologies. The company also offers program management services and High Technology Council, an enterprise consortium fostering collaboration between market players.

AI Squared

Series A in 2024
AI Squared helps large organizations bring AI to where work happens. We do this by leveraging our SaaS or on-prem platform which combines data sources with advanced AL/ML functionality and embeds intelligent insights into critical business applications. Trusted by the largest financial institutions, the most complicated supply chain logistics companies, and the US Department of Defense, we enable seamless collaboration between data science teams and business users, driving faster, more informed decision-making.

Second Front Systems

Venture Round in 2024
Second Front Systems develops software that facilitates government access to innovative commercial technologies for national security missions. Its flagship product, Atlas Fulcrum, enables identification, assessment, and secure deployment of these technologies. The company also offers program management services and High Technology Council, an enterprise consortium fostering collaboration between market players.

Second Front Systems

Series B in 2023
Second Front Systems develops software that facilitates government access to innovative commercial technologies for national security missions. Its flagship product, Atlas Fulcrum, enables identification, assessment, and secure deployment of these technologies. The company also offers program management services and High Technology Council, an enterprise consortium fostering collaboration between market players.

AI Squared

Seed Round in 2022
AI Squared helps large organizations bring AI to where work happens. We do this by leveraging our SaaS or on-prem platform which combines data sources with advanced AL/ML functionality and embeds intelligent insights into critical business applications. Trusted by the largest financial institutions, the most complicated supply chain logistics companies, and the US Department of Defense, we enable seamless collaboration between data science teams and business users, driving faster, more informed decision-making.

Echodyne

Series D in 2022
Echodyne, established in 2014 and based in Kirkland, Washington, specializes in developing and marketing metamaterials-based radar systems. The company offers a range of radar solutions, including 3D Security radar for all-weather, compact, and solid-state sensor performance; Metamaterial Electronically Scanning Array (MESA) technology for high-performance phased-array radar at breakthrough cost levels; and Echoguard for ground-based airspace management. Additionally, Echodyne provides Acuity Software for customization and data processing, along with various deployment kits and accessories. Their products cater to commercial markets, government, defense, and industry, enabling autonomous applications in drones, vehicles, and heavy machinery, even in complex and challenging environments.

Illusive Networks

Series B in 2020
Illusive Networks Ltd. is a cybersecurity company that specializes in deception-based solutions designed to protect enterprise systems from cyber threats. Founded in 2014 and headquartered in Tel Aviv, Israel, with an additional office in New York, Illusive aims to reduce cyber risk by shrinking the attack surface and hindering an attacker's lateral movement within the network. Its platform creates a hostile environment for potential intruders by replacing vulnerable connections with deceptive alternatives, enabling the identification of attackers and providing actionable forensic insights. The company's offerings include a range of services such as compliance support, insider threat defense, and cloud security, as well as tools like the Illusive Networks Management Platform and Attack Surface Manager. Illusive serves a diverse clientele across various sectors, including financial services, healthcare, legal, manufacturing, retail, and technology, and is recognized for its advanced detection of persistent threats and targeted attacks.

Echodyne

Series C in 2019
Echodyne, established in 2014 and based in Kirkland, Washington, specializes in developing and marketing metamaterials-based radar systems. The company offers a range of radar solutions, including 3D Security radar for all-weather, compact, and solid-state sensor performance; Metamaterial Electronically Scanning Array (MESA) technology for high-performance phased-array radar at breakthrough cost levels; and Echoguard for ground-based airspace management. Additionally, Echodyne provides Acuity Software for customization and data processing, along with various deployment kits and accessories. Their products cater to commercial markets, government, defense, and industry, enabling autonomous applications in drones, vehicles, and heavy machinery, even in complex and challenging environments.

Echodyne

Series B in 2017
Echodyne, established in 2014 and based in Kirkland, Washington, specializes in developing and marketing metamaterials-based radar systems. The company offers a range of radar solutions, including 3D Security radar for all-weather, compact, and solid-state sensor performance; Metamaterial Electronically Scanning Array (MESA) technology for high-performance phased-array radar at breakthrough cost levels; and Echoguard for ground-based airspace management. Additionally, Echodyne provides Acuity Software for customization and data processing, along with various deployment kits and accessories. Their products cater to commercial markets, government, defense, and industry, enabling autonomous applications in drones, vehicles, and heavy machinery, even in complex and challenging environments.

Illusive Networks

Series B in 2016
Illusive Networks Ltd. is a cybersecurity company that specializes in deception-based solutions designed to protect enterprise systems from cyber threats. Founded in 2014 and headquartered in Tel Aviv, Israel, with an additional office in New York, Illusive aims to reduce cyber risk by shrinking the attack surface and hindering an attacker's lateral movement within the network. Its platform creates a hostile environment for potential intruders by replacing vulnerable connections with deceptive alternatives, enabling the identification of attackers and providing actionable forensic insights. The company's offerings include a range of services such as compliance support, insider threat defense, and cloud security, as well as tools like the Illusive Networks Management Platform and Attack Surface Manager. Illusive serves a diverse clientele across various sectors, including financial services, healthcare, legal, manufacturing, retail, and technology, and is recognized for its advanced detection of persistent threats and targeted attacks.

Illusive Networks

Series B in 2015
Illusive Networks Ltd. is a cybersecurity company that specializes in deception-based solutions designed to protect enterprise systems from cyber threats. Founded in 2014 and headquartered in Tel Aviv, Israel, with an additional office in New York, Illusive aims to reduce cyber risk by shrinking the attack surface and hindering an attacker's lateral movement within the network. Its platform creates a hostile environment for potential intruders by replacing vulnerable connections with deceptive alternatives, enabling the identification of attackers and providing actionable forensic insights. The company's offerings include a range of services such as compliance support, insider threat defense, and cloud security, as well as tools like the Illusive Networks Management Platform and Attack Surface Manager. Illusive serves a diverse clientele across various sectors, including financial services, healthcare, legal, manufacturing, retail, and technology, and is recognized for its advanced detection of persistent threats and targeted attacks.

Agility Design Solutions

Series B in 2005
Agility Design Solutions, Inc. develops software tools that shorten the time to design, verify, and implement signal processing algorithms. The company offers solutions for algorithm acceleration, prototyping, and implementation in software and hardware. Its products include RMS, which improves the execution speed of MATLAB programs; MCS, which automatically synthesizes MATLAB code to C code; MCS Function Library, which includes functions that are synthesized using MCS to generate ANSI-C source; DK Design Suite, a design environment for C-based algorithmic design entry, simulation, and synthesis; RC Series Platforms, a family of FPGA-based rapid prototyping/development boards; and PixelStreams Imaging Library, which includes IP cores for digital image and video processing. The company also offers training, support, and algorithm implementation consulting services. It serves customers in various fields, including video analysis, image recognition, and wireless and wired communications. The company markets and sells its products through direct sales channels and local distributors in North America, Asia, and Europe. Agility Design Solutions, Inc. was formerly known as Catalytic, Inc. and changed its name to Agility Design Solutions, Inc. in January, 2008. Agility Design Solutions, Inc. was founded in 2001 and is headquartered in Palo Alto, California with additional offices in Austin, Texas; Abingdon, England; and Yokohama, Japan.

Covega

Series A in 2003
Covega Corporation specializes in the development and production of optoelectronic components and subsystems, utilizing proprietary technologies in Indium Phosphide and Lithium Niobate. The company offers a range of high-performance optical devices and modules, including superluminescent diodes, semiconductor optical amplifiers, Fabry Perot lasers, gain chips, and lithium niobate modulators. With a significant portion of its revenue derived from the defense, medical, industrial, and instrumentation sectors, Covega has expanded beyond its initial focus on telecom, datacom, and CATV industries. The firm provides vertically integrated capabilities and foundry services, catering to a diverse clientele with tailored products and solutions designed to meet various operational needs.
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