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The Latest Breaking News from NEA

CuspAI, startup building AI models for chemistry, raises $100 million Series A

The round, which values CuspAI at a reported $520 million, is being led by NEA and Temasek, with Nvidia's NVentures, Samsung, and Hyundai Motor Group also participating.

Fortune

Cancellation of DEI-Related Grants Likely Violates First Amendment, Ninth Circuit Holds

Today's Ninth Circuit decision in Thakur v. Trump (Judge Morgan B. Christen, joined by Judges Richard A. Paez and Roopali… The post Cancellation of DEI-Related Grants Likely Violates First Amendment, Ninth Circuit Holds appeared first on Reason.com.

Reason

Exclusive: Two Gen Z college dropouts just raised $41 million for their ‘vertical banking’ startup Slash

The Slash founders pivoted after Kanye West’s rants blew up the startup’s original niche aimed at sneaker sellers.

Fortune

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Samaya AI, startup selling AI tools to Wall Street, gets $43.5 million in new funding

NEA led the round for the company, which is also backed by ex-Google CEO Eric Schmidt, Meta AI's Yann LeCun, Two Sigma's David Siegel, and former Goldman Sachs executive Marty Chavez

Fortune

A landscape transformed: As it responds to cuts in federal programs, the arts community reels

Behind so many award-winning careers, high-profile productions, beloved institutions and in-depth research projects there is often a quieter story of early support from the government

The Independent UK

Arts groups for people of color steel themselves after Trump’s NEA cuts: ‘They poked the bear’

Trump’s slashing of millions in National Endowment for the Arts grants has most affected non-profits centering Black, brown and LGBTQ+ communities

The Guardian - US

‘It’s all very sad’: Trump’s attack on arts funding has a devastating effect

The president’s steady dismantling of the National Endowment for the Arts has affected organizations across the US with more chaos set to continue

The Guardian - US

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Les Misérables actors to boycott Kennedy Center performance over Trump attendance

At least 10 of musical’s cast members will not participate in June show the president is expected to attend

The Guardian - US

Arts agency terminates dozens of grants after Trump proposes eliminating NEA

National Endowment for the Arts notifies organizations that offers of government grants were terminated

The Guardian - US

NEA partner Ann Bordetsky is on a mission to fund AI-first products and startups creating economic empowerment

Bordetsky, who joined VC firm NEA in 2021, has backed startups including Perplexity and Ceramic AI.

Fortune

With federal funding in question, artists can navigate a perilous future by looking to the past

In a February 2025 Truth Social post, President Donald Trump declared a “Golden Age in Arts and Culture.”

The Conversation

Federal judge rules action against NEA unnecessary after it backed off bans on gender ideology

A federal judge has denied a motion to block the National Endowment for the Arts from barring funds to artists whose projects promote gender ideology, saying the agency no longer was doing that

The Independent UK

Plaid notches $575 million funding round as fintech sector rides upswing

The share sale, which will provide liquidity to employees, includes participation from Franklin Templeton, Fidelity, BlackRock, Ribbit, and NEA.

Fortune

The 3 Myths Supporting NIH Funding

Innovation, basic research, and economic growth do not rely on federal science funding.

Reason

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The Guardian - US

‘This is injustice’: inside Trump’s attack on funding for LGBTQ+ arts

The president has demanded that the National Endowment for the Arts denies grants to projects promoting ‘gender ideology’, leading to protest and legal action

Fortune

Exclusive: Metronome, usage-based billing startup, raises $50 million Series C

Metronome has raised a $50 million Series C, led by NEA, Fortune can exclusively report.

The Guardian - US

Artists demand National Endowment for the Arts roll back Trump restrictions

More than 400 artists sign letter urging organization to resist funding ban for projects focused on DEI and gender

The Guardian - UK

Trump chairing a major arts institution would be laughable if it weren’t so deeply troubling

Jokes about the president’s power grab at the Kennedy Center in Washington soon pale. This is a nakedly authoritarian move, says the Guardian’s chief culture writer Charlotte Higgins

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Fortune

After pouring billions into AI, venture capital faces a reckoning with DeepSeek breakout: 'It's a gut check'

Despite the setback for OpenAI and Anthropic, investors tell Fortune that DeepSeek could spur AI startup growth.

Capital & Main

How This Teachers’ Union Is Gearing Up for Trump 2.0

National Education Association leader Becky Pringle says her union is preparing to fight for “our students, our public schools and, honestly, our democracy.”

Reason

Jet Blue and American Airlines Guilty in Antitrust Suit, Despite No Clear Harm to Consumers

The First Circuit's ruling is another blow to the consumer welfare standard.

The Independent UK

Energy bill advice this winter from warm home discount to free electric blankets

All the essential advice as energy bills rise for winter months

Reason

We Have Already Passed Peak Public School

As families continue to defect from government-managed K-12, teachers unions are tightening their squeeze on the Democratic Party.

The Guardian - UK

Energy bills could rise to average of £1,714 a year in Great Britain from October

Cornwall Insight analysts predict quarterly price cap through to end of December will increase by 9%

RideApart

Cash for Clunkers, But For Motorcycles? Singapore Offers Cash To Retire Old Bikes

In Singapore, the government is offering cash incentives to people to retire their older motorcycles registered before July 1, 2003.

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