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Jerusalem-Based Firm Rolls Out New Fund Targeting Returns From AI Start-Ups

Josh O'Neill Assistant Editor 16 January 2018

Jerusalem-Based Firm Rolls Out New Fund Targeting Returns From AI Start-Ups

It is the 12th fund to launch on the firm's platform.

OurCrowd, an equity crowdfunding platform, has rolled out Cognitiv, a new $100 million fund that seeks to tap returns from companies operating in the artificial intelligence space. 

The fund is focused on start-ups that leverage artificial intelligence (AI), deep-learning, the Internet of Things, robotics and digital manufacturing.

It is the 12th fund to launch on OurCrowd’s platform and offers accredited investors access to some 20 companies.

“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,” Avi Reichental, general partner at Cognitiv, said. 

Jerusalem-based OurCrowd has an office in Singapore. To date, it has raised over $500 million and invested in 130 portfolio companies and funds.

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