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A weekly selection of news and investment opportunities from OurCrowd, the global venture investing platform
Startup of the Week
Air EV: Flying start for private airborne vehicles
The age of airborne vehicles might be just around the corner, and Air EV is leading the way. The Israel-based startup has created the Air One, a two-seat electric vertical takeoff and landing vehicle made exclusively for the private market. Priced similar to a high-end luxury car, the Air One can be parked on the owners’ premises, not at an airport or heliport. It has been designed by top industry professionals to be remarkably simple for individuals to fly, and will require only a basic license. By targeting private owners/operators, Air EV has fewer barriers to implementation, both in terms of certification and operation. The company already has paid pre-orders and expects to start deliveries in the second half of 2024. More information about Air EV’s current funding round is available under NDA.
Cyfirma: Critical Fortinet bug exploited worldwide
?A new report from Cyfirma warns that a critical authentication bug found in products from the security giant Fortinet is being exploited around the world, The Daily Swig reports. Fortinet notified clients and issued a patch for the bug, but many of them have yet to use it, leaving their systems vulnerable. Cyfirma says successful exploitation of the vulnerability could allow a remote attacker to bypass security and gain privileged access to execute unauthorized code or commands. Tens of thousands of attacks have been detected, primarily in the US but also in Canada, Brazil, France, India and other Western countries. Cyfirma is currently funding on the OurCrowd platform.
OurCrowd hosts Brazil’s Bossanova Investimentos
OurCrowd hosted a delegation from Bossanova Investimentos, Brazil’s most active VC investor, at our Jerusalem headquarters, led by Jo?o Kepler, the firm’s CEO and Co-founder. Bossanova is a financial powerhouse that has invested in over 1,500 startups and has the largest VC portfolio in Latin America.
Exclusive: InsideTracker offer for OurCrowd members
InsideTracker wants to help OurCrowd members improve their quality of life with a special offer. The company’s proprietary AI platform analyzes each user’s key aging-related biomarkers and calculates the contribution of each one to their biological age. The next step is providing a customized action plan with nutrition, fitness and lifestyle recommendations that have been proven to improve users’ well-being. The accompanying mobile app also provides personalized expert insights. InsideTracker is offering 30 percent off its popular Ultimate Plan, as well as a free InnerAge 2.0 analysis for a limited time. This offer is available to US residents only.
OurCrowd startups center stage at cardio conference
OurCrowd MedTech companies will be on hand for the upcoming Innovation in Cardiovascular Interventions Meeting coming up in Tel Aviv on December 4-6. BrainQ Technologies and Sweetch will be among those presenting at this premier international conference. Registration is still open for a limited time.
Convizit: A better way of tracking user experience
?E-commerce businesses spend billions to map out and understand the user experience (UX), but gathering and analyzing the data associated with it is time consuming and very costly. Israeli startup Convizit automates event tagging, a key part of this process. The company “uses AI to understand user interactions on webpages or applications automatically and track every single interaction, extract the relevant meaning from the webpage, just like a human being does, and structure this data and send it into any tool that you integrate with,” says Daniel Bashari, Convizit’s CEO, in a new podcast. Convizit is currently funding on the OurCrowd platform.
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Music and sports stars invest $15M in TetaVi, reborn as Yoom
Music and sports personalities including Jimmy Iovine, Finneas O'Connell and Maverick Carter are among those investing $15M in our portfolio company TetaVi, now named Yoom. The company, which produces immersive content for Metaverse and Web3 platforms, plans on enabling others to remotely use its technology with a smartphone. “This team and the proprietary technology they’ve built levels the playing field for creatives and widens the space where communities can grow. I’m inspired to help define what the future of entertainment can look like,”?says Iovine, Co-founder of Interscope Records, Beats Electronics and other entertainment companies.
AWS: CropX helps 5K farmers increase yields, save water
“CropX utilizes in-ground soil sensors, combined with above-ground satellite imagery, to improve the sustainability of their farming practices and those of nearly 5,000 farming customers,” says Christopher Wellise, AWS Director of Sustainability. Use of CropX on farms “has resulted in a 10% increase in yields and a 40% reduction in the use of water.” AWS is putting our AgTech pioneer front and center in its push for sustainability using cloud technology. AWS enables the CropX platform to capture data from thousands of global soil sensors and send it to a centralized location.??
Zippin reaches 1M shoppers, expands to NBA stores
These lucky shoppers at the Toyota Center in Houston helped our portfolio company Zippin reach the milestone of 1M shoppers served in its frictionless, cashier-free stores. Zoom’s technology is used at 73 locations worldwide, operated by Aramark Sports and Entertainment, Legends, Levy Restaurants, SSP America and other top-tier partners. The company is now opening six new venues in NBA arenas, Bret McCormick reports in Sports Business Journal, including at the Toyota Center, home of the Houston Rockets.
Future Family offers first family care benefit plan for employers
Our portfolio company Future Family is offering employers the option to help workers finance family-building and family care expenses. The benefits program allows employers to extend up to $50K in financial support to employees to cover the cost of expensive treatments and procedures including egg freezing, fertility preservation and IVF, as well as out-of-pocket healthcare and family-related expenses. “Future Family’s employer benefit sets itself apart from the competition as an offering that is democratizing the family-building process,” says Barbara Wachsman, former Managing Director of Benefits at The Walt Disney Company, who helped Future Family design the offering. “The plan is filling in the critical gap that exists in the current healthcare landscape with high out-of-pocket expenditures, and creating financing options for people who have never had the opportunity to pursue family planning or face high-interest rate medical debt.”
YuLife insurance launches US operations
Our InsurTech pioneer YuLife launched its gamified insurance platform in the US, Hemma Visavadia reports in Cover Magazine. The move comes on the heels of the firm’s completion of a $120M Series C funding round with participation from OurCrowd. The company sells policies based on rewards and benefits to employees for wellness activities and healthy habit changes, using a gamified app that incorporates artificial intelligence and behavioral analytics. “YuLife's mission is to turn financial products into a force for good, and we can inspire people across the US to improve their mental, physical and financial well-being by offering products that are accessible, engaging and deliverable,” says Sammy Rubin, YuLife’s Founder and Chief Executive.
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About this Newsletter
Startup Beat?is a weekly selection of news and investment opportunities from?OurCrowd, the global venture investing platform.
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OurCrowd is a global venture investing platform. To date we have more than $1.9 billion in commitments, 215,000 registered investors, 347 portfolio companies, 39 venture funds and 59 exits.
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Visa Whisperer-Deel "Talent is everywhere, and opportunity should be too." -Alex Bouaziz
2 年So cool!