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Israeli startups raised $2.43 Despite the war, in the last nine months Sequoia , Greylock and Accel all opened offices in Israel, and Founders Fund appointed a partner to cover Israeli deals. For example, In the last 30 days Salesforce acquired three Israeli startups for a combined $2.6
A new report collated by F2 Capital and derived from a survey of 25 early-stage VCs in Israel (including our input at Remagine Ventures ), analysed investment trends for pre-seed in 2024 and reviewed the expectations for 2025. Similarly, 74% of investors reported that 75-100% of their seed investments were in AI-driven startups.
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.
* Originally published on Calcalist , April 20 2023 Since the day ChatGPT was introduced in November 2022, it has become the fastest growing consumer product, putting the words ‘generativeAI’ in the mainstream. GenerativeAI is advancing at a breakneck speed.
especially if the startup already has a product and revenue? While the answers are somewhat semantic, the pre-seed funding round is making a comeback in 2024 startup financing. Pre-seed round tends to be the first ‘institutional’ round of funding in a startup. A founder asked me what makes a $2M round “pre-seed”?
ChatGPT’s advanced voice mode and Eleven Labs are setting new benchmarks in conversational AI by enhancing voice quality and realism, NotebookLM’s natural voice podcast took the Internet by storm and new open source technologies are making high quality voice cloning easier than ever. This includes OpenAI’s latest round of $6.6
We must #BRINGTHEMHOME During November, Israeli startups raised over $750M and we saw the creation of a new Unicorn (more on Eon below). Great stuff Dean Leitersdorf and team Decart on your $25M series A (weeks after a $21M seed) at a $500M valuation , to pioneer scalable, cost efficient generativeAI training!
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
During these nearly two decades, I’ve had the extraordinary privilege of being a front-row witness to Israel’s incredible startup scene. I’ve seen the explosion of new unicorns created, from cybersecurity pioneers to AI disruptors and billion dollar revenue gaming startups.
GenerativeAI will really become magic when it moves from 'playful' to 'useful' – we will use multiple generativeAI tools at work in the future, like we use grammarly and canned responses today… AI will become more vertical, and specific per role — Eze Vidra (@ediggs) November 5, 2022.
The generativeAI market is exploding globally, with venture capitalists pouring $12.8 billion into startups in just the first quarter of 2024, according to Pitchbook data. Israel is positioning itself as one of the potential leading hubs for generativeAI globally. million), consumer ($422.5
Readers of VC Cafe know how big of a fan I am of startup landscapes. The Israeli startups building the Metaverse (updated Jan 2023). I’m proud of the work done by my team at Remagine Ventures, to publish the updated map of the Israeli startups building the Metaverse. The Israeli GenerativeAI landscape.
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. Meanwhile in the US, B2C startups raised $100 billion in 2022, 40% of the total funding.
I covered my personal journey to venture capital, what makes our partnership work at Remagine Ventures , and gave an intro to GenerativeAI, a current theme that connects to our investment thesis (we made 3 investments in the space). Some use general data sets, and others train their models on proprietary data. Jasper, Copy.ai
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, generativeAIstartups raised $16 billion, according to Dealroom. billion, a 2.5x
Cohere debuted Command-A , a generativeAI model aimed at complex enterprise tasks that can run on minimal compute. billion and Sony is experimenting with AI-powered characters on Playstation. Great stuff Noam Maital and team Darwin AI on your $5M seed round to build the secure AI hub for governments!
billion on 78 generativeAI deals —almost as much as was invested in all of the previous 5 years combined, according to PitchBook data. According to a new industry report by Skyquest , AI will contribute $15.7 The global generativeAI market was valued at USD 8.12 In 2022, VCs poured $1.37
I was interviewed by TheMarker (Hebrew only) on why Israeli startups haven’t been part of the mega funding rounds in AI. I thought it’s a good timing to elaborate on where I see opportunities for Israeli startups in this rapidly growing space. billion, a 73% YoY drop, according to a new report by Viola.
2023 was a rough year for Venture Capital and for startups, and it might get even worse. I believe there are a lot of problems need solving, my outlook is longer term and I invest in new companies (most of the startups that Remagine Ventures II will invest in don’t yet exist). In many ways, Edward is right.
Earlier this month I spoke at the 2022 Israel Gaming Summit by Calcalist, Playtika and Google. The event was a get together for the Israeli ecosystem: startups, corporates, investors and academics in the gaming space. Gaming in Israel in 2022. Israeli gaming startupsgenerated $8.6 Calcalist gaming summit 2022.
Readers of VC Cafe will know that I’m a big fan of startup landscape s. A new report by F2 Venture Capital, Google Cloud and Deloitte Israel shines a spotlight onto the buzzing emerging AI landscape in Israel so I couldn’t resist covering it. I’ve added it to my 2024 Israeli startup landscape collection.
As a participant of Onward Israel , I had the incredible opportunity to intern in Tel Aviv and gain valuable experience over my two month stay. After spending just two months in the industry, I recognize the importance of venture capital for spurring innovation, especially in Israel.
A bright spot is emerging in early-stage funding, signaling renewed investor risk appetite and startup momentum. The revival of seed funding is an encouraging sign of a return to startup growth after a period of caution. If the seed funding resurgence continues, it could mark a turning point for the startup ecosystem.
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. Will the Israeli startup ecosystem overcome them? Israeli startups deliver #NOMATTERWHAT In the wider tech and AI ecosystem it’s been another momentous week.
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. In the tech world, Israeli startup Wiz turned down the $23 billion acquisition offer from Google and opted for going public instead.
A study by the Israel Innovation Authority shows that tech employees pay over a third of all income tax in Israel. The report emphasises the urgency of investment in startups and education for underrepresented populations to secure one of the main sources of tax revenue. We must #BRINGTHEMHOME Now. Anduril Industries raised $1.5
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. Global: From VC Cafe : consumer startups still got Mojo! since April, more than all Energy startups have raised in 2024. 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.
LINKS FOR YOUR BROWSER ISRAEL An interesting report and survey of 25 early stage venture funds in Israel (including us at Remagine Ventures ) shows the major trends in pre-seed and seed. Part of the reason is that big tech is not acquiring as many startups as before. Keep on creating.
Israeli startups raised $7.8 While the figures are slightly down from 2023, they reflect the resilience and strength of the Israeli startup ecosystem, even at a time of war. More interesting figures in the Startup Nation Central report linked below. More interesting figures in the Startup Nation Central report linked below.
We must #BRINGTHEMHOME It’s been a tough year for Israeli startups, but they fought hard to keep their companies alive, despite dealing with war, record low venture capital volumes, and the usual challenges of running a startup. Israeli startups deliver #NOMATTERWHAT. Salesforce spent $2.6 Well done Marina S.
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. We must #BRINGTHEMHOME It’s been a slower news week in Israeli startups due to the holidays of Sukkot and Simchat Torah. AI companies have reached a combined value of $9 trillion.
Israel must #BRINGTHEMHOME. In July 2024, Israeli startups raised $703 million in 28 deals, more than double the amount raised in July 2023 (before the war). In the wider tech world, GenerativeAIstartups raised $14.4B But there are also still 115 Israelis held in G**a and their time is running out.
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.
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. All of this AI usage is creating a power problem: nearly half of AI data centres may lack enough power by 2027, according a report by Gartner.
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. But while there is an ongoing war for the past 11 months, startups continue to innovate and make progress. It’s another testament that Israeli startups deliver #NOMATTERWHAT.
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. According to a new report by Startup Nation Central, the Israeli tech ecosystem defied the odds in H1 2024. Foreign investors doubled down on Israel, participating in 93% of the rounds. Israel’s biggest exit and Google’s largest acquisition ever.
A new report on the Israeli startup ecosystem (see links section below), suggests that 657 startups will need to secure funding soon, with 431 requiring immediate capital to survive. That’s why initiatives like Startup Nation Central , the Israel Export Institute ???? ????? We must #BRINGTHEMHOME NOW ??
It’s just been the first anniversary since ChatGPT burst into the world and launched the term ‘generativeAI’ into the mainstream. It’s been a big year for AI. billion invested in generativeAIstartups globally in the first half of 2023 according to Pitchbook.
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. ElevenLabs , the voice cloning AIstartup, tripled its value in one year to $3.3
From the founders who chose to start companies this year against the odds, to the new funds that managed to attract capital despite the news, and to all the participants in the Israeli tech ecosystem in Israel and abroad – keep on creating! Israel launches new programs to address AI talent shortage.
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. LINKS FOR YOUR BROWSER ISRAEL From Unit 8200 to Wizs $32B exit: The blueprint for Israeli cyber success – what makes Israeli entrepreneurs so effective?
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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