Ex-NBA athlete Omri Casspi launches $60M fund targeting cybersecurity, cloud infra and AI

Quick Summary:

Former NBA athlete Omri Casspi has raised $60 million for his latest venture fund, Swish Ventures, which will invest in early-stage cybersecurity, cloud infrastructure, and AI startups.

The fund plans to back 10 companies, and will invest $5 million to $7 million per deal.

The move reflects investors’ increasing interest in cybersecurity and AI, particularly in Israel and the U.S., where Casspi has concentrated his investments.

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Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Markets: United StatesIsraelNigerNigeria

Topics: Venture funds Venture Security Omri casspi AI Swish ventures

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-02 @ 12:48:14 (2 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24038642

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