Foley & Lardner LLP represented NEA as co-lead investor in the latest funding round for Orby AI. NEA was joined by Pear VC, as well as additional investor Wing VC.
Orby AI is building a next-generation AI platform to bring the “auto-complete” experience to everyday business users and automate mundane and repetitive tasks. The funding will be used to continue growing the team and further research and development.
New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. Founded in 1977, NEA has over $25 billion in assets under management as of March 31, 2023, and invests in technology and health care companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of investing includes more than 270 portfolio company IPOs and more than 450 mergers and acquisitions.
The Foley team was led by partner Louis Lehot and included partner Lyman Thai and associates Saige Gallop and Trevor Mullin.