The program aims to support research in data science and AI that can contribute to major social issues faced by humanity today.

The center will train a new generation of researchers who will take Israel 'to the forefront of the global AI revolution," TAU said.

The US business magazine listed over 400 companies and organizations across 44 sectors and regions.

The investment round included a seed round of $3.6 million led by Emerge with the participation of F2 Capital, and a $15.5 million Series A led by Zeev Ventures

Y-DATA debuted at Tel Aviv University last year and will be taught at Ben-Gurion University in of the Negev this coming academic year.