OurCrowd Announces New $100M Fund For Early-Stage AI, Robotics Startups
January 11, 2018 | OurCrowd, a global leader in equity crowdfunding, announced on Thursday that it was launching a new, global $100 million fund for early-stage startups that specialize in artificial intelligence, robotics, IoT, and digital manufacturing. The fund, Cognitiv Ventures, will give investors access to roughly 20 companies, with initial investments in EquityX, an online venture funding platform, KolGene, which does genetic testing, and FreshKeep, an IoT start-up that designs food storage. Cognitiv General Partner Avi Reichental said in a press release: “AI powered transformation is poised to disrupt and automate every sector in business – from healthcare and financial services to agriculture and manufacturing and could create the largest transfer of wealth in recorded history.” OurCrowd Founder & CEO Jon Medved said the platform was thrilled to partner with Cognitiv to “launch a fund that is at the intersection of tech disruption and wealth creation.” Cognitiv is the third fund offering of OurCrowd First, a leading Israeli seed-stage fund. OurCrowd is set to host the 2018 OurCrowd Global Investor Summit on February 1 in Jerusalem, the “largest equity crowdfunding event in the world, and the largest investor event in the entire Middle East,” according to the company.