Israeli AI companies raised nearly 40% of the total venture capital funds raised by the Israeli tech ecosystem for 2018, despite accounting for just 17% of the total number of innovative technology companies in the country, according to an SNC report in March 2019. Israel is pushing ahead where China, the US, Germany, the UK, and others are competing heavily for the title of world leader in AI. The landscape is plentiful; it’s never been more exciting to be an investor in AI tech.
Investing in AI
Jonathan Medved is a serial entrepreneur and according to the Washington Post (2007) “one of Israel’s leading high-tech venture capitalists.” In the 2008 NY Times Supplement “Israel at 60" Medved was named one of the top 10 most influential Americans who have impacted Israel. Medved is the founder and CEO of OurCrowd, the world’s largest equity crowdfunding platform for accredited investors which has raised more than $1B for over 170 companies since its launch in February 2013. Bloomberg Businessweek said that OurCrowd “has blown up the exclusivity around tech fundraising” and The Jerusalem Post added that “It has taken OurCrowd only a matter of months to become one of Israel’s most active funds.” TheStreet.com said that OurCrowd is “Crowdfunding for Real Investors.” Prior to OurCrowd, Medved was the co-founder and CEO of Vringo (Nasdaq:VRNG) and the co-founder and General Partner of Israel Seed Partners, with $262M under management.