Gutsy venture firm New Enterprise Associates brings home results

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