Israel is a country full of history, which is why they have more museums per capita than any other country.

They also have the oldest continuously used cemetery in the world and the oldest continuously inhabited city in the world.Next to the U.S. and Canada,

Israel has the largest number of publicly traded companies, which shows that they can also build successful businesses.

Nanalyze recent article on “The Top-10 Biggest Startups in Israel by Funding” proved to be quite popular so we decided to do another article on the top 10 Israeli artificial intelligence (AI) startups. To come up with our list, we did a simple search on Crunchbase so if somehow we missed your well-funded stealthy AI startup located in some dusty corner of Jerusalem, drop us a note and we’ll make things right. Without further ado, let’s take a look at what the smartest people in the world are doing with AI.

Founded in 2007, Cortica has taken in total of funding of $69.4 milliontotal funding to develop “the world’s only unsupervised learning system capable of human level image understanding.” They literally hacked into live brain tissue to figure out how cortical networks process natural stimuli and then filed more than 200 patents around their technology. In a past article we talked about developing “Real World Object Recognition – Just Like Terminator” which is what Cortica offers allowing robots, drones, vehicles, and cameras to understand what they see in real-time. 

Founded in 2012, Riskified has raised a total funding of $63.65 million with their last Series C round of $33 million closing in June of this year. Riskified has used this money to build an “all-in-one eCommerce fraud prevention solution and chargeback protection service” which is used in various verticals such as fashion, tickets & travel, gift cards, digital goods, electronics, and apparel & jewelry with clients like Macy’s, Skullcandy, Giftcards.com and many more. 

Founded in 2012, Fortscale has taken in $39 million in total funding to develop User & Entity Behavioral Analytics (UEBA) which identifies “internal threats” to your business using machine learning algorithms.

Founded in 2007, Leadspace has taken in a total of $35.7 million in funding to develop “predictive analytics applications for demand generation and account-based marketing.” Businesses that sell stuff to other businesses (also known as B2B sales) have large databases of clients, potential clients, leads, etc. all of which are stored in CRM platforms like Salesforce, Marketo, or Oracle Marketing Cloud.

Leadspace integrates with all of these popular CRM platforms and uses artificial intelligence to help drive more pipeline and generate better quality leads. 

 

Founded in 2014, Twiggle was founded by former Googlers who have taken in $35 million in funding so far to develop “semantic search capabilities for eCommerce companies”. Investors include Alibaba, Yahoo! Japan (in other words, Softbank), and Naspers (the 7th largest Internet company in the world and the biggest company in Africa.) Twiggle’s Board of Directors counts Dr. Udi Manber, former head of search at Amazon, Yahoo, and Google, making us question what exactly we’ve been doing with our careers so far.

Cybersecurity has been a hot topic lately, and our next company, Deep Instinct, is one that made it into our list of “6 AI Cybersecurity Startups Keeping You Safe.” Since that article, Deep Instinct took in a $32 million round of funding which included participation from none other than AI chip maker Nvidia

 

This next company made it into our list of “19 Internet of Things IoT Security Startups” and comes to the table with $25 million in funding from investors like Alibaba and General Electric (the Industrial Internet of Things stock). Founded in 2013,ThetaRay provides threat detection for unknown threats. In the words of Donald Rumsfeld, “there are known knowns and unknown unknowns” and it’s the latter that ThetaRay is focusing on with their “Hyper-Dimensional, Multi-Domain Big Data Analytics platform.” 

According to some guy named Maslow, food is pretty important. We recently wrote about “9 Agriculture Technology Startups to Keep You Fed” and one of those startups was Prospera Technologies (not to be confused with Plenty which took a massive funding round from Softbank recently). With $22 millionin funding from investors that include Qualcomm and Cisco, Prospera has developed computer vision technologies that continuously monitor and analyze plant health, development and stress. 

We’ve recently written about more than 20 medical imaging startups, and one of those articles about “9 Artificial Intelligence Startups in Medical Imaging” featured Zebra Medical Vision which has taken in $20 million in funding so far and claims to have accumulated “one of the largest anonymized databases of medical imaging and clinical data available.” 

While the startup we discussed earlier, Leadspace, focuses on B2B sales, this next startup has taken in $20 million in funding to focus on B2C (business-to-consumer) sales by “creating emotionally intelligent communications across multiple channels in realtime.” Sounds a whole lot like The Echo Chamber of AI and Online Marketing that we discussed recently, where each customer is subjected to “self-optimizing personalization.”

Source: Nanalyze

Artificial intelligence is a hot topic in the tech industry with China — alongside the U.S. — emerging as a key market for talent, innovation and companies. While many AI firms head to the U.S. or set up operations Stateside, China is a harder market to crack for overseas companies.

That’s where a new fund wants to help. China-based accelerator firm COMB+ is launching a €65 million ($77 million) fund aimed at helping promising international AI firms enter the Middle Kingdom.

The fund, which was announced at Slush in Helsinki this week, is run by COMB+ and the Beijing Institute of Collaborative Innovation (BICI).

COMB+ launched its Sino Track accelerator program last year, which is based in Beijing and Helsinki and helps early-stage firms grow in China, and this is the second part of its strategy.

So far more than half of the €65 million target has been raised, COMB+ CEO Leo Zhu told TechCrunch via interpreters in an interview.

He didn’t name any confirmed LPs but said the fund is backed by government funds, government institutions, private enterprises and big corporates most of which are from China.

Zhu said he hopes to spark interest from LPs in Finland, which is a big focus of both Sino Track and the fund. Some 19 startups from the Nordic region have gone through the program, and the region under the radar for the fund investments.

 

“We admire [Finland’s] advanced technology,” Zhu said. “Engineers would typically spend five to eight years to understood broader technology opportunities, we have a huge market in China and would like to take these advanced technologies there.”

The fund also hopes to tap into China-Finland government collaboration policies, which include technology cooperation.

Deal-wise, COMB+ is looking at a typical check size of €1-2 million ($1.2-$2.4 million) with follow-on capital available. At most, Zhu said, individual investments won’t top €5 million ($6 million) per deal.

“We are looking for startups with a proven business model in local market who would like to go to the Chinese market,” he said through translators. “We can help them further develop and upgrade their tech so that they can apply it to the Chinese market.”

Source: TechCrunch

 

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