Hi, Agen. Despite the fact conflict is still raging and tensions are at a fever pitch in Israel, venture funding to VC-backed companies in the region picked back up in the second quarter. The most eye-catching aspect of those growing funding amounts is the fact that cybersecurity is not dominating. Plus, when talking about Big Tech investing in AI it’s natural that Microsoft, Google and Nvidia immediately come to mind, but what about the other large tech players? And protecting your company’s intellectual property from AI sees a blockchain-based champion with Story Protocol, which locked up an $80 million Series B. Venture funding to Israel-based startups has bounced back significantly after nosediving less than a year ago after the Hamas attacks and the Israeli response, however, funding to the country’s VC-backed companies has picked back up — and even shows some signs of getting strong. Related Crunchbase Pro lists: • Funding To Israel-Based, VC-Backed Startups • Funding To Israel-Based, VC-Backed Cybersecurity Startups We may usually focus on the likes of Microsoft, Google and Nvidia when talking about Big Tech investing in AI, but AMD’s recent move shows it is no stranger to putting big money into the space. With AI creating new issues regarding theft of intellectual property, San Francisco-based startup Story raised an $80 million Series B to try to solve the increasing problem. Even at the height of the bull market, startups in the consumer electronics space pulled in less than 1% of all U.S. venture funding. Now, after several years of relatively flat investment, funding to startups in the sector continues to slump. |
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