Gutsy venture firm New Enterprise Associates brings home results
It’s time for an update on New Enterprise Associates, Silicon Valley’s largest venture capital firm.
VentureBeat’s last piece about the decades-old firm was critical. NEA’s tendency to make extremely large bets appeared to be backfiring. Witness its backing of large, fizzling companies like Vonage, Alien and SMIC — and its arguably foolishly stratospheric valued bets on early companies SolFocus and SugarCRM. Was NEA out of control?
Afterward, we got a handwritten letter from NEA’s leading partner, Dick… Continue Reading
Messaging company IP Unity wins backing, buys Glenayre for $25M in restructuring
IP Unity, a private Milpitas company that offers fixed and wireless messaging and other media services, has gone through a major restructuring.
New Enterprise Associates and Anschutz Investment led the investment of more money into the company, injecting it with $25 million so that it can acquire Glenayre Messaging, a division of Glenayre Technologies in New York.
The company will now be called IP Unity Glenayre.
IP Unity previously raised at least $85 million in funding from NEA,… Continue Reading