Remagine Ventures, which has been investing in the generative AI space since 2019, believes that Israeli founders have the necessary talent, multidisciplinarity, and culture to succeed in this field. The firm sees potential in vertical SaaS, task-oriented models, and tooling for low-code/no-code Gen AI-based applications. It has already invested in seven startups in this space, including Hour One, Munch, and Playo.
Key takeaways:
- The total amount raised by Israeli generative AI startups has reached $2.3 billion, a 2.5x increase compared to the total figure from April of the same year.
- The number of Israeli Gen AI-related startups has more than doubled from 67 to 144 companies in the past 5 months.
- Remagine Ventures has invested in 7 startups in the generative AI space, mainly at the intersection with entertainment and gaming.
- Israeli founders have the necessary ingredients to be successful in the generative AI space, including talent, multidisciplinarity, and a culture of problem-solving, resilience, and adaptability.