Saturday, January 22nd | 21 Shevat 5782

May 14, 2019 9:52 am

In 2018, a Quarter of the Companies Samsung Catalyst Invested In Were Israeli Startups

avatar by CTech Staff

The Samsung logo. Photo: Jamie McCall via Flickr.

CTech – Samsung Catalyst, the evergreen multi-stage fund of Samsung Electronics, had invested $300 million throughout 2018, according to its head Shankar Chandran. A quarter of the companies it invested in, Chandran said, were Israeli startups. Speaking at the annual Samsung Innovation Summit held Monday in Tel Aviv, Chandran said Samsung has been picking up the pace of its investment in Israel in recent years.

Among Samsung Catalyst’s portfolio companies are Israel-based LiDAR startup Innoviz Technologies and vehicle-to-vehicle communications chips developer Autotalks. In 2018, the fund invested in AI Development Tools Company Allegro.AI and 3D imaging company Mantis Vision.

Samsung has two additional investment arms that operate in Israel: Samsung Ventures, which sources technologies and investments for the company’s business units, and Samsung Next, which focuses on early stage software companies. The company also operates a local innovation center.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.