New Enterprise Associates
Long-running US venture capital firm investing across enterprise software, healthcare, fintech and AI infrastructure.
New Enterprise Associates co-led two AI infrastructure rounds within three weeks in July 2026: CuspAI's $450m Series B on 20 July and TwelveLabs' $100m Series B on 1 July.
Last refreshed: 22 July 2026 · Appears in 2 active topics
Why did a decades-old VC firm back a video-AI startup?
Timeline for New Enterprise Associates
Co-led CuspAI's $450m Series B
UK Startups and Innovation: CuspAI names 45 partners for lab accessMentioned in: State fund surfaces on CuspAI cap table
UK Startups and InnovationCo-led TwelveLabs' $100m Series B
Media's AI Pivot: TwelveLabs banks $100m for video AIBackground
Founded in 1977, New Enterprise Associates is one of the largest and longest-running venture capital firms in the United States, investing from early-stage rounds through to growth-stage deals across enterprise software, healthcare, fintech and, increasingly, AI infrastructure and applications.
In July 2026 the firm co-led two AI infrastructure rounds three weeks apart. It backed TwelveLabs' $100m Series B on 1 July alongside South Korea's NAVER Ventures, as the video-understanding AI start-up's headcount tripled to around 178 in a year . It then co-led CuspAI's $450m Series B on 20 July, as the Cambridge materials-AI company unveiled a 45-plus-partner Coalition spanning chipmakers, automakers and consumer-electronics manufacturers .
The pairing spans two different layers of the AI stack, video understanding and physical materials discovery, and two different geographies, American and British; NEA's cheques sat alongside Britain's Sovereign AI Unit and the Dutch vehicle Invest-NL on CuspAI's cap table, and alongside Amazon Web Services and Red Bull Ventures on TwelveLabs', suggesting the firm is spreading conviction across the stack rather than doubling down on one bet.
