TLDR:
- OurCrowd invests in AI startups through NVIDIA Inception program
- AI Fund plans to distribute investments among 20-25 ventures
OurCrowd, a venture capital firm, has announced a partnership with NVIDIA Inception to fast track a selected group of artificial intelligence startups. The NVIDIA Inception program is designed to accelerate the growth of startups by providing them with technology, connections to investors, and access to technical tools. OurCrowd’s AI Fund plans to distribute investments among 20-25 ventures, with some being expedited into Inception. Selected companies will benefit from collaborations with industry professionals, opportunities to connect with investors, and access to cloud credits and discounted prices on NVIDIA hardware and software.
CEO Jon Medved highlighted the transformative power of AI, emphasizing its impact on various industries and the economies of the future. The AI Fund was launched in September 2023 with a targeted raise of $50 million. OurCrowd has been investing in AI companies for a decade, with $386 million invested in 81 AI companies. This partnership aims to facilitate the success and growth of AI startups in a rapidly evolving industry.
