A quarter of Samsung’s venture fund invested in Israeli startups in 2018

Raising $300 million in 2018, a quarter of the companies that Samsung Catalyst, the venture fund of Samsung Electronics, invested in were Israeli startups, reported Calcalist, citing Samsung Catalyst head Shankar Chandran.

Companies included LiDAR startup Innoviz Technologies Ltd., vehicle-to-vehicle communications manufacturer Autotalks Ltd., 3D-imaging firm Mantis Vision Ltd. and artificial-intelligence company Allegro.ai.

“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,” reported Calcalist. “The company also operates a local innovation center.”