OurCrowd, Israel's most active investor in the field of artificial intelligence, has invested $386 million in 81 AI companies around the world. The fund has so far achieved 8 exits in the field and is ranked among the 15 most active venture capital funds in the world in AI transactions since 2012, according to data analysis by PitchBook
The AI fund of the investment platform OurCrowd, Israel's most active investor in venture capital, announced that it will collaborate with NVIDIA to offer selected start-ups in the field of artificial intelligence a fast track to the NVIDIA Inception program. OurCrowd's AI Foundation Provides investors with access to venture capital investment opportunities in companies in the field of Generative AI, which help solve real problems in a variety of sectors.
The fund will make 20-25 venture capital investments spread over different stages and geographic regions, which will be selected by a team of dedicated investment professionals, alongside professionals from global venture capital funds that collaborate with OurCrowd. The fund will also consider further investments in the most promising portfolio companies. Several new companies have so far been approved by OurCrowd's AI Foundation: D-ID - a company that has developed proprietary software that makes it possible to turn any photo or video into an extraordinary experience using only artificial intelligence; The digital bank One Zero - the first digital bank in Israel to receive a full license to operate. The bank leverages technology to provide customers with an automated experience of private banking; Polaris Quantum Biotech - a company that uses quantum computing technology to locate promising molecules suitable for drug development processes.
"The OurCrowd AI Fund allows qualified investors to access investment opportunities in AI startups identified by a team of experienced venture capital experts," said John Medved, CEO and founder of OurCrowd. "Our collaboration with NVIDIA Inception will help provide eligible companies in the fund with access to a tailor-made program that will nurture startups and prepare them for success."
“When people think of artificial intelligence today, they think of creative artificial intelligence software like OpenAI's ChatGPT. However, the revolutionary power of AI is far beyond its ability to create text, images, music, video and other materials," Medved continued. "Investors need to look vertically at the AI revolution. The application of artificial intelligence in every sector will change our world and shape the economies of the future. AI is expected to affect every industry, similar to the effect that cloud computing, social media, the smartphone, the personal computer and in the past also electricity had."
The NVIDIA Inception program helps startups develop faster through innovative technology, opportunities to partner with venture capitalists, and access to NVIDIA's newest technology tools and resources. The program supports startups at every stage of their life cycle.
Eric Cole, senior director and director of the NVIDIA Inception program in Israel, said: "Our collaboration with the OurCrowd AI Foundation will open the next generation of startups specializing in artificial intelligence, and will help shape the way AI technologies will benefit many areas of our lives."
Startups selected for OurCrowd's AI Fund portfolio will be fast-tracked to Inception, which will support them with access to Nvidia training courses. These companies will even receive opportunities to collaborate with leading experts and access to additional investors, credit points for the use of cloud computing resources through Nvidia partners, as well as preferential pricing for selected Nvidia hardware and software products.
OurCrowd, Israel's most active investor in the field of artificial intelligence, has invested $386 million in 81 AI companies around the world. The fund has so far achieved 8 exits in the field, including Lemonade, Magisto and Refcam, and is ranked among the 15 most active venture capital funds in the world in AI transactions since 2012, according to PitchBook data analysis.
