This initiative is designed to give investors access to pioneering global venture capital opportunities within the realm of mission-centric AI companies and the generative AI domain. Its aim is to address real-world issues across various industries.

The fund plans to make 20-25 venture investments, diversifying by stage and geography. These will be sourced by a dedicated team of investment professionals, in conjunction with professionals from OurCrowd’s extensive global network of third-party VC funds. Additionally, the fund will seek to capitalise on follow-on opportunities in its most promising portfolio investments.

Several companies have already been approved to join the OurCrowd AI Fund, including:

• D-ID, which has revolutionised digital interactions with its AI-powered Digital People. This innovation has improved customer engagement across multiple sectors and produced over 150 million videos for a diverse client base, including Fortune 500 companies.
• One Zero Digital Bank, the first fully licensed digital bank in Israel, which utilises technology to offer customers an automated private banking experience.
• Polaris Quantum Biotech, which employs quantum computing technology to identify promising molecules for drug development processes.

“The OurCrowd AI Fund gives accredited investors the chance to access the most promising opportunities in AI startups as identified by experienced venture capital experts,” said Jon Medved, CEO and Founder of OurCrowd. “Our collaboration with NVIDIA Inception will help give qualifying companies in the fund access to a program tailor-made to nurture startups and equip them for success.”

“When people think of artificial intelligence today, they think of generative AI programs like OpenAI’s ChatGPT. However, the transformative power of AI goes much further than its ability to generate text, photographs, music, video, and other materials,” Medved said. “Investors need to take a vertical view of the AI revolution. The application of AI to each business vertical will transform our world and shape the economies of the future. AI is poised to affect every industry sector, with an impact comparable to the introduction of cloud computing, social media, the smartphone, the PC, and, before that, electricity.”

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

Arik Kol, Senior Director, Head of NVIDIA Inception Israel said, “Our collaboration with OurCrowd AI Fund will develop the next generation of AI startups, helping to shape the way that AI will benefit multiple aspects of our lives."

Qualifying startups selected for the OurCrowd AI Fund portfolio will be fast-tracked into Inception, which will support them through access to NVIDIA Training courses. These companies will also benefit from opportunities to collaborate with industry-leading experts and access to additional investors, as well as cloud credits through NVIDIA partners and preferred pricing on select NVIDIA hardware and software.

OurCrowd is Israel’s most active AI investor, with $386 million invested across 81 AI companies worldwide, with 8 exits to date including Lemonade, Magisto, and BriefCam, and is ranked among the top 15 most active VCs worldwide in AI deals since 2012, according to an analysis of PitchBook data.