Former IDF chief of workers Aviv Kochavi is becoming a member of Canadian enterprise capital fund AWZ Ventures, in a transfer that displays a rising pattern for retired high Israeli safety forces officers to enter the tech sector. Kochavi, who stepped down as IDF chief of workers in January 2023, joins a listing of former high safety forces officers together with former Israel Police commissioner Roni Alsheikh.
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AWZ founder and managing companion Yaron Ashkenazi mentioned, “We’re delighted that Main Basic (res.) Aviv Kokhavi is becoming a member of. Aviv will drastically contribute from his potential and expertise to selling our revolutionary deep tech ventures and breakthrough portfolio firms.” Ashkenazi burdened his anticipated contribution to creating AWZ’s worldwide connections with main organizations within the world business, analysis institutes, and educational establishments.
AWZ, which was based in 2016 by Ashkenazi and Edward Sonshine, has turn into a significant participant in twin funding know-how – serving each the industrial and navy markets. With accrued investments of $2 billion, the fund focuses on superior fields like quantum photonics, local weather applied sciences, med-tech. AI, cybersecurity and intelligence.
One among AWZ’s profitable Israeli investments has been automated safety validation firm Pentera, which turned a unicorn when it raised $150 million in 2022 at a valuation of $1 billion. One other success has been quantum computing software program firm Classiq, which accomplished a $49 million financing spherical.
In 2021, AWZ arrange the X-Seed fund with the Ministry of Protection’s Directorate of Protection Analysis & Improvement (DDR&D) (MAFAT). Managed by Alsheikh and former Shikun & Binui CEO Ofer Kotler, the fund raised $82.5 million for funding in protection and intelligence applied sciences with industrial potential.
Kokhavi’s appointment comes at a vital time as demand for superior protection applied sciences is rising as a result of wars in Israel and Ukraine.
Printed by Globes, Israel enterprise information – en.globes.co.il – on December 2, 2024.
© Copyright of Globes Writer Itonut (1983) Ltd., 2024.
