OurCrowd, the Israeli venture capital fund, has revealed a strategic partnership between its AI fund and Nvidia to facilitate the swift entry of chosen AI startups into the prestigious Nvidia Inception program. Launched in September 2023, OurCrowd’s AI fund aims to secure $50 million in funding, with plans to invest in 20 to 25 startups. The collaboration with Nvidia Inception offers startups accelerated evolution through cutting-edge technology, connections with venture capitalists, and access to Nvidia’s latest technical resources and tools.
The AI fund, already having invested in three companies, including Israel’s inaugural digital bank, One Zero Digital Bank, and AI-based D-ID, emphasizes the transformative impact of AI on various industry sectors. Jon Medved, CEO of OurCrowd, highlights the potential of AI to rival the revolutionary impact of past innovations such as cloud computing, social media, smartphones, and electricity.
Arik Kol, leading Nvidia Inception Israel, expresses the collaboration’s goal to foster the next generation of AI startups, shaping the future applications of AI in various aspects of life. Over the last decade, OurCrowd, a major player in Israel’s tech investment landscape, has invested $386 million in 81 AI companies, witnessing eight acquisitions or successful initial public offerings.
