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Home»Fund»OurCrowd AI Fund collaborates with NVIDIA Inception
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OurCrowd AI Fund collaborates with NVIDIA Inception

The Elite Times TeamBy The Elite Times TeamMarch 11, 2024No Comments4 Mins Read
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OurCrowd AI Fund announced that it is collaborating with NVIDIA to offer select artificial intelligence startups a fast track to the NVIDIA Inception program.

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“Our collaboration with NVIDIA Inception will give eligible companies in the fund access to customized programs to incubate their startups and prepare them for success.”

OurCrowd AI Fund provides investors with access to the next innovative wave of global venture capital opportunities in mission-focused AI companies and generative AI spaces, helping solve real-world problems across multiple industries. We support.

The fund will invest in 20-25 venture investments diversified by stage and geography, sourced by a team of dedicated investment professionals, along with experts from OurCrowd’s global network of third-party VC funds. The Fund also pursues follow-on opportunities in its most promising portfolio investments.

So far, several companies have been approved to join OurCrowd’s AI Fund, including:

  • D-ID – D-ID revolutionizes digital interactions with Digital People powered by AI, enhances customer engagement across sectors, and delivers 150 million copies for clients including Fortune 500 companies. We have produced videos that exceed.
  • One Zero Digital Bank – Israel’s first fully licensed digital bank that leverages technology to provide customers with an automated private banking experience.
  • Polaris Quantum Biotech – applies quantum computing technology to find promising molecules for the drug development process.

“OurCrowd AI Fund gives accredited investors the opportunity to access the most promising opportunities in AI startups identified by experienced venture capital professionals,” said John Medved, CEO and Founder of OurCrowd. states. “Our collaboration with NVIDIA Inception will give eligible companies in the fund access to customized programs to incubate their startups and prepare them for success.”

“When people think, artificial intelligence Today, they think of generative AI programs like OpenAI’s ChatGPT. But the transformative power of AI goes far beyond its ability to generate text, photos, music, video, and other materials,” Medved said. “Investors need to look at the AI ​​revolution vertically. Applying AI across industries will change the world and shape the economy of the future. AI is poised to impact every industry sector. The impact is comparable to the introduction of cloud computing, social media, smartphones, PCs, and, before that, electricity.”

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NVIDIA Inception helps startups evolve faster through cutting-edge technology, opportunities to connect with venture capitalists, and access to NVIDIA’s latest technology resources and tools. This program supports all stages of the startup lifecycle.

“Our collaboration with OurCrowd AI Fund will develop the next generation of AI startups and explore how AI can benefit many aspects of our lives,” said Arik Kol, Senior Director, Head of NVIDIA Inception Israel. It helps shape it.”

Eligible startups selected for the OurCrowd AI Fund portfolio will be able to join Inception immediately and will be supported through access to NVIDIA training courses. These companies will have the opportunity to collaborate with industry-leading experts and gain access to additional investors, as well as cloud credits through NVIDIA partners and preferred pricing on select NVIDIA hardware and software. will also benefit.

OurCrowd is Israel’s most active AI investor, having invested $386 million in 81 AI companies around the world, with eight exits to date, including Lemonade, Magisto, and BriefCam. and has been ranked among the top 15 most active VCs in the world for AI deals since 2012. Analysis of PitchBook data.

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[To share your insights with us as part of editorial or sponsored content, please write to sghosh@martechseries.com]

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