Foley Represents NEA as Co-Lead Investor in Funding for AI Startup World Labs

Foley & Lardner LLP represented NEA as co-lead investor in the latest funding for AI startup World Labs. Funding was co-led by Andreessen Horowitz and Radical Ventures, and included additional investors Marc Benioff, Ashton Kutcher, Adobe Ventures, AMD Ventures, Databricks Ventures, NVentures, and the venture capital arm of Nvidia.  

World Labs, co-founded by visionary AI pioneer Fei-Fei Li, is a spatial intelligence AI company building Large World Models to perceive, generate, and interact with the 3D world. World Labs aims to lift AI models from the 2D plane of pixels to full 3D worlds — both virtual and real — endowing them with spatial intelligence as rich as our own.

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. NEA 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 as well as associates Saige Gallop and Trevor Mullin.