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Mention that you do “Consumer tech” as a startup founder and you’d be limiting your funding options to one third of the venture capital funds (in Israel that figure is probably closer to 10%). But change seems to be brewing in the B2C space, powered by the fast advancements in AI and generativeAI.
This would not be as impressive during ‘normal times’ in Israel, but the fact that we’re seeing such level of activity in the middle of a war (with most airlines halting flights to Israel), this is not trivial. There’s much to celebrate in our “small” community. Keep on creating!
I’m not sure if it has to do with me, but refreshingly, Israel didn’t come up at all apart from the occasional question of how’s my family. Mazel tov Israel (Srulik) Dvorsky and team TailorMed on securing a $40M to connect patients with financial aid solutions! Kudos Yehuda Niv and team Spines on your $16.5M
While Israeli startups successes are well known in the B2B space (cybersecurity, enterprise tech, devops…), B2C startups are unsung heroes… The landscape of B2C tech in Israel is blossoming, despite several challenges. B2C Venture Capital Investments in Israel To the most part, Israeli VCs shy away from B2C startup investments.
Firgun is all about genuinely feeling and expressing happiness, pride, or admiration for members of our community’s accomplishments, good fortune and wins. Cohere debuted Command-A , a generativeAI model aimed at complex enterprise tasks that can run on minimal compute. Interesting news in gaming: Niantic, Inc.
So much has happened in the generativeAI space globally, and in Israel since we published the previous version of the Israeli generativeAI landscape, back almost exactly five months ago. So far in 2023, generativeAI startups raised $16 billion, according to Dealroom. billion, a 2.5x
In Lebanon, Hi **ah continues to shoot rockets aimed at civilians in Israel and Iran has once more threatened a ‘devastating response’ before the US elections. Iran threatened it will deal Israel a ‘devastating blow’ even before the US elections. There are still 101 Israeli hostages held in G**a.
It’s impressive to see what the self described ‘little red dot’ accomplished in its 65 years of independence and I couldn’t avoid comparing and contrasting to Israel. To add more heat, Microsoft launched generativeAI search results for Bing. AI at Meta launched LLaMa 3.1, Thank you for reading.
A study by the Israel Innovation Authority shows that tech employees pay over a third of all income tax in Israel. Finally, Walmart’s CEO Doug McMillon just reported that the company is using generativeAI to increase its productivity, updating 850 million product catalog entries 100 times faster than human-led methods.
Despite the war in Israel over the past 9 months, both the rate of capital raising and exits of Israeli cyber startups in the first half of 2024 were the highest since 2021. Q2 2024 is already a record quarter for venture capital investment in GenerativeAI startups, with the quarter not yet closed. BRINGTHEMHOME.
In November 2022 I published a post titled “ generativeAI will go mainstream when it goes from playful to useful “, and I think you will agree that this transition is in full swing. 2023 was the year generativeAI went mainstream The pace of advancement in generativeAI has been astounding.
Firgun is all about genuinely feeling and expressing happiness, pride, or admiration for members of our community’s accomplishments, good fortune and wins. There’s a lot to celebrate in our “small’ community! I wrote about the major takeaways on VC Cafe and you can access the report by F2 Venture Capital here.
Meta is on track to become the most used open source AI by the end of the year. And so much more it’s genuinely hard to keep up… QUOTE OF THE WEEK Israel continues to draw investors seeking bold, determined solutions to global challenges. Interesting overview of vertical AI companies by IVP ( source ) Revenue per employee.
It shows Kinneret Gat, 69, defiantly sticking her tongue out at a Hamas attacker, even as the community was being overrun. Every year, LinkedIn recognises the most in demand companies in each of the major startup hubs, but this year they failed to include Israel. Daniel Roth now said that Israel will be added next week.
Unfortunately, over a year later, Israel is now defending itself from threats across 7 fronts and there are still 101 Israelis held hostage in G**a. In total, generativeAI companies received $35 billion in 2024.AI AI companies have reached a combined value of $9 trillion. Global funding also dropped. Keep on creating.
More about Firgun and why it matters on VC Cafe : [link] Israel’s preemptive strike on H**bolla* may have prevented a wider regional war, according to analysts. This week was marked by the liberation of Kaid Farhan Elkadi, a Bedouin Arab hostage who was kidnapped by Hamas during the 7 October attack on Israel. Keep on creating!
For healing to begin, we must #BRINGTHEMHOME A friend, successful entrepreneur who took a company public, asked me for help on a presentation he was giving about the economic resilience of Israel. APPOINTMENTS Congratulations Eran Westman on your appointment as Managing Partner at Planven to lead growth investments in Israel!
This week was a bit crazy in Israel, with a series of mysterious blasts hitting H**bo**h in an operation that seems to be taken out of a movie script. Kudos Adi Perry and team with on securing a $10M seed round to turn cities into communities with generativeAI! ROI from GenerativeAI is a rising concern.
But in the coming age of generativeAI, endless synthetic content and misinformation – there might be an opportunity for traditional media companies to regain their reputation as a 4th branch within a democracy. How can media companies transform generativeAI from threat to opportunity ?
In December 2004, 19 years ago, I started VC Cafe with the simple goal of sharing insights, resources, and perspectives on venture capital and startups (with a spotlight on Israel). Looking Back: A Year Defined by GenerativeAI 2024 will go down in history as the year generativeAI truly went mainstream.
The tech ecosystem is crucial for Israel’s economy. Foreign investors doubled down on Israel, participating in 93% of the rounds. Israel’s biggest exit and Google’s largest acquisition ever. billion in revenue for ‘Prime Day’ is rolling out ‘Rufus’ generativeAI assistant to all U.S.
The tech sector is vital for the Israeli economy and exports, and while the 2024 figures were more positive than expected, it’s still hard for international investors to travel to Israel and get deals done. That’s why initiatives like Startup Nation Central , the Israel Export Institute ???? ????? Well done Ouriel Ohayon ??
Israel receives people who were kidnapped from their homes, including 80 year old Gadi Mozes, or 29 year old Arbel Yehud, who was kidnapped from her home and kept mostly alone in tunnels in return to hundreds of convicted te *ists who committed heinous crimes. It decouples visual encoding for multimodal understanding and generation.
Firgun is all about genuinely feeling and expressing happiness, pride, or admiration for members of our community’s accomplishments, good fortune and wins. The acquisition of Wiz by Google for $32 billion in cash this week made waves across the whole tech ecosystem in Israel and beyond. It was Israel’s largest exit to date.
I hope his presidency brings stability to Israel, the quick return of the hostages and a new era of prosperity for America and its allies. The police took hours to settle the situation and Israel is sending two rescue flights to get them out. Well done Adiel Gopas on joining Third Point LLC to expand the Israel office!
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