New Enterprise Associates is a venture capital firm with $35bn in assets under management that has backed prominent technology infrastructure companies.
Portfolio
3
companies
AUM
£35.0B
under management
CuspAI
CuspAI builds generative artificial intelligence software to discover and manufacture new materials.
Synthesia
Synthesia builds a platform for generating professional video content directly from text using customizable avatars.
Valarian
Valarian provides sovereign infrastructure and governance platforms for AI and critical workloads.
Lila Tretikov
Partner and Head of AI Strategy
Lila brings investment and corporate governance experience from roles at New Enterprise Associates and several public company boards. She previously held a vice president position at Microsoft.
LinkedIn
Brooke Seawell
Venture Partner
Brooke serves as a venture partner at New Enterprise Associates and chairs audit committees across several corporate boards, including NVIDIA.
LinkedIn
Mustafa Neemuchwala
Partner
Mustafa is a partner at New Enterprise Associates, following earlier roles as a principal, senior associate, and associate at the firm. He previously worked in advisory at Qatalyst Partners and private equity at Rosewood Private Investments.
LinkedInNew Enterprise Associates leads the Series A round for the London-based infrastructure provider, bringing total funding to $70m.
"We built Valarian because sovereignty isn't a feature you can add later. It's architecture you have to build from the ground up."
Google Ventures led the Series E financing round, which valued the video platform at $4bn.
"Synthesia is a UK success story, creating new jobs and opportunities in this country. It shows that by backing innovators to start, scale and stay in the UK through better access to finance and generous tax reliefs, we can turn the promise of AI into better-paid jobs and long-term growth across the UK."
The financing was co-led by New Enterprise Associates and Temasek with participation from a broad group of strategic investors.
"Next-generation AI compute, clean air and water and sustainable energy – these multi-billion-dollar global challenges share a common barrier: materials. CuspAI’s mission is to change that. In just a year, we’ve gone from concept to partnerships with world leaders in automotive, semiconductors, energy, and climate."
