Siemens’ Global Venture Firm Next47 Opens Office In Israel

Next47, the global venture arm of German multinational Siemens, launched its Israel operations with the inauguration of its new offices in the central city of Herzliya this week.

Herzliya joins London, Beijing, Munich, Paris, Stockholm, Bangalore and Palo Alto as Next47’s eighth global office. The venture firm invests in and partners with startups from across the world focused on deep technologies such as artificial intelligence, augmented and virtual reality, cybersecurity, autonomous driving, IoT, and robotics.

The fund previously invested in Israeli startups such as logistics platform Bringg, Bizzabo, the cloud marketing and conference-management platform developer; and Logz.io, the machine data analytics platform.

“Next47 sees Israel as an important and unique market for investments,” said Matthew Cowann, a partner of Next47 Investment Fund visiting Israel for the event. “Israeli startups have a track-record for solving thorny and complex problems that impact industries and infrastructure; this is Next47’s sweet spot. Today, we’re doubling-down on our commitment to this ecosystem by opening a new office in Israel.”

Moshe Zilberstein, previously of Norwest Venture Partners, will serve as lead for Israeli investments, Next47 announced.