Thursday, 22 August 2024

Israel VC funding bounces back

Plus, more Big Tech AI investment

August 22, 2024

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.

🇮🇱 Israel venture bounces back

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

💰 AMD has been quite busy in the AI space

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.

🛑 Story Protocol raises $80M to help protect IP

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.

💸 Consumer electronics is a bust that never boomed

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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