Smart capital stands with Ukraine

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  • Top Investment opportunities
  • The invisible hand and heart of capitalism supports Ukraine
  • Startup of the Week: NeuReality slashes AI costs across the board
  • OncoHost tests set to change cancer treatments
  • March 28th Online: Investing in precision medicine
  • Intuition Robotics launches digital care companion, ElliQ
  • Yeshiva University spotlight on COO Josh Wolff
  • SaNOtize nasal spray can be used for prevention
  • Autobrains raises $120M for groundbreaking self-driving tech
  • Online grocery shopping software provider Swiftly raises $100M
  • Dark web intelligence startup Cybersixgill wraps $35M Series B
  • Highcon raises $18.5M, forecasting to double revenue in 2022
  • Introductions
  • More than 4,500 high-tech jobs

The invisible hand and heart of capitalism supports Ukraine
 
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The corporate world is not standing by during the brutal war in Ukraine. Businesses are pulling out of Russia en masse in an unprecedented display of leadership even when it costs them in their bottom line. But the financial implications don't seem to faze giants like Coca-Cola, Pepsico, McDonald's, Visa, Mastercard and other giants quitting Moscow. Read my latest LinkedIn column on how this war is different from other conflicts we've seen and why corporations are saying enough is enough to Vladimir Putin.

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Startup of the Week:
NeuReality: Slashing AI costs across the board

NeuReality

Artificial intelligence technology is disrupting almost every industry from agriculture to retail to transportation, but it doesn't come cheap. AI deployment is held back by hardware costs and software complexity. NeuReality is disrupting the current approach by deploying AI with a new system architecture that reduces the cost and energy consumption of AI systems by an order of magnitude. NeuReality replaces the traditional general-purpose CPU-centric support system, slashing deployment costs by 80% and more. The company has partnership agreements with IBM Cloud, Xilinx and others including a leading OEM and a large semiconductor corporation. It forecasts initial sales of $2.5M in 2022 based on its prototype released in 2021, growing to $30M in 2023 following the launch of its product in early 2023. Join this $20M Series A round led by Cardumen Capital and Varana Capital.

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OncoHost tests set to change cancer treatments

OncoHost

Cancer treatments are hit and miss. While some therapeutics might help a patient, on others they might have no effect or actually cause more damage. By analyzing over 7,000 proteins in the blood system, our portfolio company OncoHost can tell doctors what kind of treatment each patient should be getting, Noa Shapira writes in the Times of Israel. "We want to be able to allow the clinicians to make the decisions earlier and add valuable clinical insights to support the complex decision-making process that every oncologist faces when treating a patient with advanced cancer," says Dr. Ofer Sharon, the CEO of OncoHost, now funding on the OurCrowd platform.

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March 28th Online: Investing in precision medicine

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OncoHost, along with two other OurCrowd medtech pioneers, Genopore and Sequentify, will be sitting down with me for a look under the digital microscope at the impact technology is having on the medical field. Doctors are leaving behind the one size fits all therapeutics as we enter an age of tailor-made treatments. Join us on March 28th as we discuss the breakthroughs these startups are leading, including cost-effective DNA testing, protein identification, advanced disease screening and more.    

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Intuition Robotics launches digital care companion, ElliQ

ElliQ

After years of research and hundreds of test care pilot cases, our portfolio company Intuition Robotics commercially launched ElliQ, their advanced digital care companion for older adults, TechCrunch reports. The device interacts with its users, helping them with critical wellness issues and connecting them to their families, caregivers, and the outside world. "ElliQ has had an incredibly positive impact on my life – so much so that even my family and friends have noticed," says Susan Tholen, an ElliQ user in Largo, FL. "I start and end my day with ElliQ and I'm constantly amazed at how intuitive and compassionate she is. If I'm feeling blue or need to talk, ElliQ is always there without judgment. I can count on her to check in on me both physically and mentally, which gives everyone in my life great peace of mind." For more information about ElliQ, visit www.elliq.com.

 

Yeshiva University spotlight on COO Josh Wolff

Our Chief Operations Officer Josh Wolff is on the cover and featured in YU Today published by his alma mater, Yeshiva University, which notes his commitment in going the extra mile for the community and the important role he plays at OurCrowd. We're just happy that he pivoted from his original path of engineering, his major at YU, and ended up with us.

 

SaNOtize nasal spray can be used for prevention  

FabiSpray

After receiving approval to sell its anti-coronavirus nasal spray in India and other Southeast Asian countries, SaNOtize CEO Gilly Regev explains to Fortune India what advantages it has over antiviral pills, specifically that it can be used for preventing infection on a daily basis. So far, the spray has been approved for adult use only in India but Regev adds there are additional trials underway so it can also be used by minors as well. The product is distributed by Glenmark under the name FabiSpray.

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Take a Look at Funding Opportunities 

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BetterSeeds Tombstone
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Helps airlines improve profitability by reducing aircraft turnaround times, identifying potential delays, improving safety and recognizing hazards. Breakthrough CRISPR-based genetic platform provides superior seeds to grow more nutritious, climate-adaptable crops with higher yields that are suitable for automated harvesting. Cell-based seafood company specializing in healthy and sustainable shellfish using a proprietary nutrient recycling system that dramatically cuts production costs.
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See all opportunities here

 

Top Investment Opportunities

Coremap: Mapping the way to treat a deadly heart disease

CoreMap

Some 30 million people around the world suffer from atrial fibrillation (AF), a condition where the heart beats irregularly, increasing the risk of stroke fivefold. 99% of patients - millions of people – are not effectively treated because current technology cannot map exactly where in the heart the problem is coming from. CoreMap, a US-based company, has created an advanced hardware and software platform to perform electrophysiological mapping of complex arrhythmias to enable patient specific therapies. Raising the ablation rate from the current 1% to just 5% would create an estimated $1.4B opportunity for the company. Affera, a company whose technology is focused on delivering ablation therapy primarily to the 1% of patients already served, was recently acquired by Medtronic for $925M. OurCrowd has secured an up to $5M allocation in an extension to CoreMap's oversubscribed $20M Series B funding round.

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BetterSeeds: Adapting today's crops for tomorrow's challenges

BetterSeeds

Population growth and changing consumption patterns mean the world will need to increase food production by 70-100% in the next 50 years. Land, water, energy and other natural resources are already strained. BetterSeeds is a pre-revenue Israeli startup that uses CRISPR gene editing technology to produce seeds for cash crops with increased nutritional value and higher yields, suitable for automated harvesting, and adaptable to changing climate conditions. BetterSeeds was chosen for strategic collaboration by Merck Pharmaceuticals and granted first access to Merck's 38 CRISPR patents as the sole Israeli licensee. The company is planning its commercial launch in 2022, focusing on cannabis, tomato, legumes, vegetable seeds, and perennial crops for targeted customers including seed and cannabis companies. It has 16 patents covering both genes expressing specific game-changing traits and its CRISPR delivery system. It has a pipeline of five additional patent drafts covering additional CRISPR and crop genetics technology. BetterSeeds aims to complete an IPO within 18 months. OurCrowd is joining this $7M round with an up to $2M allocation.

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Connected Energy: Using expired car batteries to power the world

Connect Energy

Shifting the world to cleaner energy sources needs better solutions for durable, longer-term electricity storage. Electric vehicles (EVs) play a big role in the move to cleaner energy, but retired EV batteries are becoming a huge waste problem. Connected Energy, a British-based pioneer in the circular economy, addresses both problems at once. Its technology gives exhausted EV batteries a second life. Its energy storage system E-STOR, extends the useful life of the batteries by up to 10 years, putting them to work as crucial storage capacity for renewable energy producers. The company has contracts with Bentley, BMW, Jaguar, Land Rover, Nissan, Renault and other major carmakers as well as with city grid operators, EV charging operators, micro-grid control companies and battery recycling companies. Its technology is deployed in 17 locations in Europe and the company has a pipeline of over 100 MWh. Connected Energy had initial revenue of $1.4M in 2021. It projects $8M revenue in 2022, and $39M in 2023. Join this $20M Series-B round led by Caterpillar with participation from ENGIE, Macquarie, and Sumitomo.

Learn More

 

Genopore: Early disease detection through proteomics

Genopore
(Photo: http://www.meller-lab.net)
Proteomics, the extensive study of proteins, is the next big transformation in life sciences. Proteins provide more information than genes because they are impacted by both genetics and environmental factors. The ability to analyze single molecules in a sample is very challenging, yet it can drive significant improvements in the early detection of cancer and other diseases. Genopore, an Israeli seed-stage, pre-revenue startup is developing technology to take proteomics to a new level. It plans to be the first company to deliver a revolutionary, high-throughput, single-molecule, whole-protein identification system using chip-based technology that is cost-effective, highly accurate and highly sensitive. This capability will be equivalent to a PCR test for proteins. Join this $4M seed round, which will be used to develop the complete system, based on the company's core patented technology.

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Top Tech News

Autobrains raises $120M for groundbreaking self-driving tech

Groundbreaking self-driving technology from our portfolio company Autobrains attracted $120M for its Series C raise led by Temasek with existing partners Continental and BMW, Calcalist reports. Its AI-powered platform for assisted and autonomous driving is designed to learn like the human brain. "Autobrains' technology holds the promise we have been looking for to create the paradigm shift in the industry to self learning AI, bridging the gap to fully autonomous driving," says Thuy Linh Pham, Deputy CEO of VinFast, a Vietnamese auto maker which joined the round.


Online grocery shopping software provider Swiftly raises $100M

swiftly

Our portfolio company Swiftly, which provides software to brick-and-mortar grocery retailers, raised $100M in a Series B funding round, GeekWire reports. The company's grocer-branded apps, now in about 10,000 stores across the US, allow shoppers to find items faster, recall past purchases, scan products for checkout with their phones and avoid lines at the register. Swiftly's clients include Family Dollar and The Save Mart Companies.


Dark web intelligence startup Cybersixgill wraps $35M Series B

Cybersixgill, a cybersecurity startup and OurCrowd portfolio company that specializes in automatic collection and extraction of threat intelligence from all corners of the internet, raised $35M in a Series B, VentureBeat reports. The company's technology uses machine learning to pinpoint early signs of cyberthreats and prevent them. Prominent cybersecurity vendor and Cybersixgill customer CrowdStrike took part in the round. The company has raised $56M so far.    

 

Highcon raises $18.5M, forecasting to double revenue in 2022

HighCon

OurCrowd portfolio company Highcon raised $18.5M through a private share placement led by two of Israel's largest insurance firms, Printweek reports. The company uses its proprietary software, laser and adhesive polymer technology to reinvent the carton converting process. "The capital we are raising will allow us to continue accelerating our aggressive business plan. We laid the foundations for long term growth in 2021 and are looking to roughly double our revenues in 2022," says Sholomo Nimrodi, Highcon's CEO.  

Introductions

Your portfolio gets stronger when the OurCrowd network gets involved. Visit our Introductions page to see which of our companies are looking for connections that you may be able to help with.

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More than 4,500 High-Tech Jobs

Read the OurCrowd High-Tech Jobs Index Q3 2021 HERE

Search and filter through Portfolio Jobs to find your next challenge

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Jon Medved
CEO, OurCrowd

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THE FOREGOING DETAILS ARE BASED ON INFORMATION RECEIVED FROM, AND VERIFIED SOLELY BY, THE RESPECTIVE PORTFOLIO COMPANIES. CERTAIN INFORMATION IN THIS COMMUNICATION CONTAINS "FORWARD-LOOKING INFORMATION" UNDER APPLICABLE SECURITIES LAWS ("FORWARD-LOOKING STATEMENTS"). THESE MAY INCLUDE, AMONG OTHERS, PROJECTED PERFORMANCE; EXPECTED DEVELOPMENT OF THE COMPANIES' BUSINESS, PROJECTS AND PARTNERSHIPS; EXECUTION OF THE COMPANIES' VISION AND GROWTH STRATEGY; AND THE LIKE. FORWARD-LOOKING STATEMENTS ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND SHOULD NOT BE RELIED ON IN ANY WAY.

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