Israel’s OurCrowd AI fund to fast track startups into Nvidia programme

JERUSALEM: Israeli venture capital fund OurCrowd said on Tuesday its new artificial intelligence (AI) fund was collaborating with Nvidia to fast track some of its AI startups into the Nvidia Inception programme.

Inception helps startups evolve faster through cutting-edge technology, connecting with venture capitalists, and having access to the latest technical resources and tools from Nvidia.

OurCrowd’s AI fund was launched in September 2023 and aims to raise $50 million and invest in 20 to 25 startups. It has already invested in three companies, including One Zero Digital Bank, Israel’s first digital bank, and D-ID, which uses AI to convert images into videos.