Tag: InsurTech

In the News: Announced: Winning consortium to lead Israeli FoodTech incubator…

In the News: Announced: Winning consortium to lead Israeli FoodTech incubator…

Jun 17, 2019 |

Big announcement! After months of planning and presenting, we are proud to share that Tnuva, OurCrowd, Finistere Ventures, and Tempo Beverages have together been chosen by the Israel Innovation Authority to operate the new FoodTech incubator in the north of Israel! We are excited to be part of this initiative to establish Israel as a world leader in the FoodTech arena. In other news, OurCrowd is partnering with NOAH Advisors to promote startup investments in Europe. Congratulations to our Toronto-based portfolio company Wave, acquired by one of the world’s largest tax preparation companies, H&R Block; big win for Canadian tech. Pictured: Representatives from the FoodTech incubator consortium Startup Nation and beyond Insurance startup Lemonade expands into Europe with its launch in Germany. Venture fund of ABN AMRO Bank takes stake in big data startup ThetaRay, after the bank used the company’s software to “stay ahead of threats, including detecting money laundering, human trafficking and terrorist financing.” Yossi Boker, head of business development for the TSX/TSXV exchanges in Israel shares, “…if everything goes as planned, the list of Israeli companies on...

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In the News: FoodTech: A hot dish on the Israeli innovation menu

In the News: FoodTech: A hot dish on the Israeli innovation menu

Jun 3, 2019 |

We’ve had some big news this past week! Our portfolio company BOL Pharma filed its IPO prospectus in Toronto while data protection company Cognigo was acquired by Nasdaq-listed NetApp. FoodTech is now one of the hottest dishes on the Israeli innovation menu – we are excited to partner with Finistere Ventures, Tnuva and Tempo Beverages in the hopes of championing FoodTech and AgTech innovation in Israel.  Startup Nation and beyond Now Intuition Robotics is leading a new industry: Will robots ever be better caretakers than humans? Yulife, the emerging insurtech star raises $10M in funding. What the future of farming will look like thanks to technology, featuring thoughts from Taranis CEO Ofir Schlam. Top tech news this week Enterprise Software…Featuring mPrest: Can Israel Become A Nation Of Startup Marathoners? Enterprise Hardware…Leading AI Chipmaker Hailo Chosen as 2019 Red Herring Top 100 North America Winner in AI/ Machine Learning Sector. Healthcare…Surgical Theater to Share How Precision VR® Drives Financial Success to Its Hospital Partners at HKEX. News from the Industry  With a lot of attention being paid to potential global effects of climate change, what comes to mind are polluted cities, record-breaking...

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In the News: Lots of IPO talk, while Israel works to ‘scale up’

In the News: Lots of IPO talk, while Israel works to ‘scale up’

May 13, 2019 |

Everyone’s talking about how it’s raining IPOs – following Beyond Meat’s Nasdaq debut, Uber went public this past Friday; see interesting data here on today’s tech IPOs. Or watch my interview where I discuss how OurCrowd provides access to startups before they go public. Is Israel at 71 a scale-up nation? Read what I and other VCs have to say in this article. Startup Nation and beyond “There are more than 6,600 startups in Israel’s small and connected economy, 14 times the concentration of startups per capita in Europe.” Turning 71, Israel can look with pride at the tech firms it has generated. Featured in Forbes: How is fintech unicorn Lemonade disrupting the insurance business? See how the startup BioCatch prevents identity fraud by observing device interactions. Great coverage of Sweetch: Promising patients’ compliance and engagement with AI-based behavioral intelligence engine. Top tech news this week Healthcare…For Medical Cannabis Users, the Biggest Problem Is a Consistent Dose, Says Syqe Medical CEO and Israeli startup Insightec uses ultrasound waves to reduce Parkinson’s tremors. Cybersecurity…CyberX Selected as “Hot IoT Security Startup to Watch” Based on Named Enterprise Customers, Strength of Team, and Investors. News from the Industry  Honing Harvest: With...

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InsurTech: Turning an age-old industry into an AI tech sector

InsurTech: Turning an age-old industry into an AI tech sector

Nov 21, 2018 |

Did you hear about the huge insurance company that tried to squash the insurance startup? It’s a classic “triumph of the underdog” moment. In October 2018, insurance giant State Farm released an ad that attempted to minimize the strides of InsurTech disrupter Lemonade – only to find that Lemonade could override the effort in a surprising twist. In case you missed it: State Farm ran an ad that mocked the use of artificial intelligence (AI) – in particular, chatbots – in insurance companies. Lemonade, which uses chatbots to fuel its fast claims processing service, was quick to respond. Shai Winiger, co-founder and CTO of the Israeli startup, focused on State Farm’s defensiveness. Winiger ran a campaign paying to promote State Farm’s ads, because “we think it reveals far more about State Farm than it does about Lemonade.” It was an inspired move. It increased social media buzz to record levels, and brought an invitation for an online debate between Lemonade and State Farm about how quickly AI should be integrated into insurance customer service.   Why InsurTech is a vital...

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