Bosch Ventures has turned its attention to North America with a new box of $ 270 million
BOSCH Equipment has a new fund worth $ 270 million that will continue to invest in investing in startups in the field of deep technology. This time, however, Bosch Ventures plans to put more money in startups in North America.
Bosch Ventures was launched in 2007 His sixth fund. Although VC technically is a technically global company, its concentration today is more likely to be more likely to North America.
The strategy may seem contradictory because this region is affected by the American administration policy that led to an American trade war with China, the volatile stock market, and fears of stagnation. But ENGO RAMESOHL, Managing Director of Bosch Ventures, for Techcrunch the flow of the deal in North America is stronger than ever.
“I see a lot of positive energy,” said Ramesohl. “People do not stop innovation and do not stop disruption. So to me, it’s a great time for new investments.”
The company, which includes offices in the Silicon Valley, Boston, Germany, Tel Aviv, and China, usually make investments between $ 5 million and 10 million dollars. Ramesohl said the company is likely to make 20 to 25 investments from this fund.
“This is essentially a continuation of the stories of success in the last funds,” Ramsouh said, when he was asked about the technical sectors that he cares about.
The company is still investing in cars, climate technology, cybersecurity, semiconductor manufacturing, energy efficiency, and institutions programs. AI Tawylidi, specifically, apply artificial intelligence tools to the material world like manufacturing, is also in the list.
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“We are not focusing fully on Gen AI,” said Ramuhl.
However, artificial intelligence was the axis of the manufacturing company since at least 2017, when it was established Bush AI Center. The company said – Ramesohl confirmed – that all BOSCH products are now developed or produced using artificial intelligence, a milestone that struck it at the end of 2023.
He said: “Gen AI changes a lot, and at the same time, it enables many new companies, and a lot of new innovations,” noting that, in his opinion, the promising applications in AI are in operations.