198 India News
No Result
View All Result
  • HOME
  • VIDEOS
  • BUSINESS
  • INDIA NEWS
  • NEWS
    • INDIA USA TRADE NEWS
    • INDIA AFRICA NEWS
    • INDIA EU NEWS
    • INDIA GULF NATIONS NEWS
    • INDIA RUSSIA NEWS
    • INDIA NIGERIA NEWS
    • INDIA UK NEWS
  • POLITICAL
  • IMMIGRATION
  • TECHNOLOGY
  • EDUCATION
    • EDUCATION
    • VENTURE CAPITAL
    • JOINT VENTURE
    • INDIA UNIVERSITIES
    • 198INDIA MEDIA TRAINING
    • INDIA FUNDING OPPORTUNITIES
    • INDIA GOVERNMENT ASSISTANCE
    • INDIA PARTNERSHIP OPPORTUNITIES
    • INDIA UNTAPPED OPPORTUNITIES
    • INDIA MANUFACTURERS
    • 198TILG INDIA CEO
    • INDIA BUSINESS HELP
  • ASK IKE LEMUWA
  • CONTACT US
  • HOME
  • VIDEOS
  • BUSINESS
  • INDIA NEWS
  • NEWS
    • INDIA USA TRADE NEWS
    • INDIA AFRICA NEWS
    • INDIA EU NEWS
    • INDIA GULF NATIONS NEWS
    • INDIA RUSSIA NEWS
    • INDIA NIGERIA NEWS
    • INDIA UK NEWS
  • POLITICAL
  • IMMIGRATION
  • TECHNOLOGY
  • EDUCATION
    • EDUCATION
    • VENTURE CAPITAL
    • JOINT VENTURE
    • INDIA UNIVERSITIES
    • 198INDIA MEDIA TRAINING
    • INDIA FUNDING OPPORTUNITIES
    • INDIA GOVERNMENT ASSISTANCE
    • INDIA PARTNERSHIP OPPORTUNITIES
    • INDIA UNTAPPED OPPORTUNITIES
    • INDIA MANUFACTURERS
    • 198TILG INDIA CEO
    • INDIA BUSINESS HELP
  • ASK IKE LEMUWA
  • CONTACT US
No Result
View All Result
198 India News
No Result
View All Result
Home BUSINESS NEWS FROM AROUND THE WORLD

Canada’s Awz raises $75m to invest in Israeli security tech

by Gias
August 12, 2021
2 min read
0


RELATED POSTS

Internal Facebook memo warns company must be disciplined, prioritize

How the pandemic accelerated use of anonymised location data from mobile phones

Why is South Africa facing its worst power crisis in two years?

Canadian enterprise capital agency Awz has launched Awz X-Seed in partnership with MAFAT – the Israeli Ministry of Protection’s Directorate of Protection Analysis and Growth (DDR&D) and different Israeli safety businesses to spend money on “pre-seed” and “inception” stage corporations growing progressive safety applied sciences with important business functions within the civilian sector.

Awz X-Seed has raised greater than US $75 million, nicely over its goal of $50 million, for the investments. Ten funding alternatives in cloud safety, quantum, aerospace, deep tech, robotics, synthetic intelligence, and cyber safety have already been recognized. Each 18 months, Awz Ventures will elevate an extra $75 million to spend money on its subsequent cohort of 15 corporations, which might be primarily based within the Tel Aviv accelerator hub.

Awz is headed by founder and managing accomplice Yaron Ashkenazi whereas former Canadian Prime Minister Stephen J. Harper serves as president of the Advisory Committee.

Every portfolio firm will obtain a non-dilutive enterprise package deal together with workplace house within the Awz X-Seed hub and superior advertising and marketing, enterprise growth, and know-how mentorship providers supplied by the hub’s in-house skilled staff. Portfolio corporations will additional profit from Awz Ventures’ enterprise growth workplaces in Canada, the US, and UAE that may help the businesses in increasing their international shopper base. This technique will even permit Awz X-Seed to help its portfolio corporations in accelerating their commercialization and know-how growth to achieve sequence A at the next valuation.

Awz X-Seed will initially make investments a mean of $3 million – $5 million in every portfolio firm. The very best performing corporations might be thought-about for follow-on funding rounds by Awz Ventures’ growth-stage funds, along with third-party buyers.

Ashkenazi stated, “Awz Ventures’ distinctive strategic partnership with MAFAT and Israel’s different safety businesses will permit our hub to have probably the most superior deal stream that stems from the true acknowledged wants inside the safety trade that even have a number of functions inside the business sector. We are going to tackle these wants and gaps within the market each by investing in current corporations and by creating corporations collectively from scratch.”

Awz X-Seed might be led by Ashkenazi, and Daniel Mak, a Canadian high-tech investor and Awz Ventures Normal Associate, alongside two Israel-based Normal Companions: Roni Alsheich, former Deputy Director of the Israel Safety Company (Shin Guess), and Sharon Gal, former Head of Expertise Innovation on the Israel Prime Minister’s Workplace.

Awz Ventures was based in Canada in 2016 by Ashkenazi, a former officer in Israel’s Shin Guess, and Chairman Edward Sonshine, Founder and Chairman of certainly one of Canada’s largest actual property funding trusts, RioCan REIT.




RELATED ARTICLES




Stephen Harper

Former Canadian PM promotes Israel investments


Israeli cybersecurity co Pcysys raises $10m



MAFAT is the Israel Ministry of Protection DDR&D, chargeable for supporting all the Israel protection infrastructure in scientific and technological tasks and finds options to Israel’s most urgent safety challenges.

Printed by Globes, Israel enterprise information – en.globes.co.il – on August 12, 2021

© Copyright of Globes Writer Itonut (1983) Ltd. 2021

Buy JNews
ADVERTISEMENT




Source link

Tags: 75mAwzCanadasInvestIsraeliRaisesSecuritytech
ShareTweet
Previous Post

Tata Steel Q1: Tata Steel Q1 net profit surges to Rs 9,768 crore

Next Post

US Expected To Relocate “Significant Number” Of Employees From Kabul Embassy: Officials

Related Posts

BUSINESS NEWS FROM AROUND THE WORLD

Internal Facebook memo warns company must be disciplined, prioritize

June 30, 2022
BUSINESS NEWS FROM AROUND THE WORLD

How the pandemic accelerated use of anonymised location data from mobile phones

June 30, 2022
BUSINESS NEWS FROM AROUND THE WORLD

Why is South Africa facing its worst power crisis in two years?

June 30, 2022
BUSINESS NEWS FROM AROUND THE WORLD

Canada’s economy grew 0.3% in April, but likely shrank in May

June 30, 2022
BUSINESS NEWS FROM AROUND THE WORLD

Road 1 bus lane from Sha’ar Hagai to launch Million Plan

June 30, 2022
BUSINESS NEWS FROM AROUND THE WORLD

Indian education system to get turning points with technology, narrowing equity gap, says CBSE officials

June 30, 2022
Next Post

US Expected To Relocate "Significant Number" Of Employees From Kabul Embassy: Officials

Crypto Prices Fall Upto 10% On August 12, 2021; Bitcoin Tops Gains Of 50% In Less Than A Month

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Recent Posts

  • CAT Coaching Institutes Unlocking the Barriers to Pursue an MBA Degree
  • Internal Facebook memo warns company must be disciplined, prioritize
  • Anti-oil activists glue themselves to Van Gogh painting — RT World News
  • Sanjay Raut to appear before ED today | India News
  • PM Modi congratulates newly sworn-in Maha CM Shinde, Dy CM Fadnavis
  • Two centuries of ophthalmic care
  • French inflation jumps to highest rate since 1991
  • hong kong: Chinese leader Xi says Hong Kong ‘reborn from the fire’ as visit to city begins
  • Earliest Pacific seafarers were matrilocal society, study suggests | Genetics
  • UP CM Adityanath Disburses Rs 16,000 Crore Loan to 1.9 Lakh Beneficiaries
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2021 198 India News.
All Rights Reserved.

No Result
View All Result
  • HOME
  • VIDEOS
  • BUSINESS
  • INDIA NEWS
  • INDIA USA TRADE NEWS
  • INDIA AFRICA NEWS
  • INDIA EU NEWS
  • INDIA GULF NATIONS NEWS
  • INDIA RUSSIA NEWS
  • INDIA NIGERIA NEWS
  • INDIA UK NEWS
  • POLITICAL
  • IMMIGRATION
  • TECHNOLOGY
  • EDUCATION
  • VENTURE CAPITAL
  • INDIA JOINT VENTURE NEWS
  • INDIA UNIVERSITIES
  • 198INDIA MEDIA TRAINING
  • INDIA MANUFACTURERS
  • INDIA BUSINESS HELP
  • 198TILG INDIA CEO
  • INDIA FUNDING OPPORTUNITIES
  • INDIA PARTNERSHIP OPPORTUNITIES
  • INDIA GOVERNMENT ASSISTANCE
  • INDIA UNTAPPED OPPORTUNITIES
  • ASK IKE LEMUWA
  • CONTACT US

Copyright © 2021 198 India News.
All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In