OurCrowd, a global online investment platform providing smaller investors access to private securities offerings, is partnering with NVIDIA (NASDAQ:NVDA) as part of its sector fund, the OurCrowd AI Fund.
NVIDIA is the hottest artificial intelligence firm around today, as just about everyone needs their technology to pursue their AI ambitions. In the past year, shares of NVIDIA have more than tripled in value due to demand and shifting interest in AI technology as a vital component of just about all firms. The company is now valued at over $2 trillion.
As for the arrangement with OurCrowd, some of the portfolio firms in the OC AI Fund will gain access to the NVIDIA Inception program.
The NVIDIA Inception program aims to help startups evolve faster by providing access to technology and tools as well as introductions to potential investors. Accepted companies will also benefit from opportunities to collaborate with AI experts as well as cloud credits through NVIDIA partners and preferred pricing on select NVIDIA hardware and software.
As for the OurCrowd AI Fund, this vehicle will invest in 20 to 25 different ventures. It will also pursue follow-on funding rounds. OurCrowd has highlighted several existing portfolio companies:
- D-ID – A firm that has created “AI-powered Digital People,” designed to enhance customer engagement across various sectors, and has produced over 150 million videos for diverse clients, including Fortune 500 companies.
- One Zero Digital Bank – Israel’s first fully licensed digital bank, leveraging technology to provide customers with an automated private banking experience.
- Polaris Quantum Biotech – Applying quantum computing technology to find promising molecules for the process of drug development.
Jon Medved, CEO and founder of OurCrowd, says the Fund provides access to some of the most promising AI firm startups around.
“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.”
Medved explained that most people think of AI as Generative AI like ChatGPT, but AI goes much further than that.
“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’s Head of Inception in Israel, Arik Kol, predicts the collaboration with OurCrowd will “develop the next generation of AI startups, helping to shape the way that AI will benefit multiple aspects of our lives.”
OurCrowd offers smaller (accredited) investors access to both individual early-stage firms as well as a growing number of sector Funds. Investments typically start at $10,000. While based in Israel, OurCrowd seeks out opportunities globally accepting investors from just about every country in the world.
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