Kuang-Chi Launches $250M Fund Focused on Israel Tech Opportunities
Summary
GCI Fund II will invest US$250m in global technology companies active in the areas of: smart city/smart home, IoT, artificial intelligence, VR/AR and robotic, and be supported by a new China-based incubator, established by Kuang-Chi to bring its portfolio companies to the Chinese market.Established in 2016, GCI Fund I now has stakes in several Israeli companies, including: – eyeSight, a computer vision pioneer; – Beyond Verbal, a voice analytics developer; – AgentVi, a video intelligence and analytics provider; – Zwipe, a Norwegian biometric authorization innovator; and – SkyX, a Canadian aviation company.Within six months of its investment, Kuang-Chi and eyeSight jointly built a local team in China while Beyond Verbal signed its first cooperation agreement in China, with the Second Affiliated Hospital Zhejiang University School of Medicine in Hangzhou in December 2016.Earlier, Kuang-Chi established a presence in the aviation sector with investments in Canada-based company SolarShip, and Australia’s Martin Jetpack.Founded in 2010, Kuang-Chi has created a Global Community of Innovation of more than 2,600 employees in 18 countries and regions which is dedicated to innovation and principal investment in technology sectors including communications, metamaterials, and space technology.