OurCrowd, a leading global equity crowdfunding platform, announced the launch of Cognitiv, a specialized $100 million global fund focused on early-stage companies that leverage AI, deep-learning, IoT, robotics and digital manufacturing to become tomorrow’s category leaders.
Cognitiv is the 12th fund to launch for funding on OurCrowd’s platform and will give investors access to approximately 20 companies, with initial investments in EquityX, KolGene and FreshKeep.
Avi Reichental, General Partner at Cognitiv pointed out:
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. Having built successful businesses ourselves, we understand that what looked impossible just yesterday, is fast becoming tomorrow’s reality. That is why we are seeding and scaling the very businesses that we believe are harnessing the power of cognitive technology to become tomorrow’s category leaders.
Jon Medved, OurCrowd Founder & CEO said:
We are thrilled to partner with Cognitiv and once again work together with Eduardo, Yori and Avi to launch a fund that is at the intersection of tech disruption and wealth creation. This growth from $12 million under management to a proposed new $100 million fund is reflective of the rapid and dramatic growth of the fund management business within the OurCrowd platform and underscores our expanding global reach and the power and vibrancy of our unique ecosystem.
Find out more here.