Generative AI Acceleration
Amidst the summer lull, we stayed active at F2, leading two new rounds in companies leveraging AI in cyber.
With the widespread adoption of generative AI gaining momentum, 71% of F2 portfolio companies are already incorporating generative AI into their workflows to boost automation, power new features, and enhance margins. While the benefits are clear, there are serious cybersecurity risks on the flipside. From data breaches to deep fakes, generative AI amplifies the attack surface and potential damage of hackers, and we see a new wave of cyber security startups emerge to tackle these challenges.
As Nvidia smashes earnings estimates and OpenAI is on pace to generate more than $1 billion in revenue over the next 12 months, fueling the generative AI boom, thousands of new AI startups are launching daily. At F2, our primary focus remains on founders equipped with subject matter expertise and proprietary data, leveraging this technology to execute better, faster, and cheaper for a real competitive advantage.
Hosting NYC Mayor Eric Adams Alongside Top Israeli Tech and Business Leaders
Earlier this month, F2 had the honor of hosting NYC Mayor Eric Adams to discuss challenges and opportunities on the horizon.
At a special evening bringing together top tech and business leaders in Tel Aviv, we celebrated the strong ties between these two tech powerhouses and the brilliant minds and trailblazing spirits that fuel our cultures of innovation. Read more in this New York Times article.
Explorium Recognized by Gartner as a Data-Centric AI vendor for Generative AI
Explorium, the trusted data partner of leading enterprises worldwide, has been recognized as a Sample Vendor in the Gartner Hype CycleTM for Artificial Intelligence, 20231, in the Data-Centric AI section.
“We believe that the potential of generative AI tools to completely redefine the way we find, access, and use data is clear, but the quality of Generative AI results is only as good as the underlying data" said Or Tamir, Co-Founder & COO at Explorium
“By combining Explorium’s enterprise-grade collection of premium external data with cutting-edge AI technology and blending in our unique data domain & prompt engineering expertise, we are revolutionizing the way companies use external data as part of their data-centric AI strategy” added Or Tamir. Read More.
Faye Won The 2023 IDEA Awards For Product Design
Faye, a pioneer in the travel insurance space, won the prestigious 2023 Skift IDEA Awards for Product Design, celebrating excellence in design, creativity, and innovation across travel and recognizing the brands and businesses that are at the forefront of shaping the industry’s future. Read More.
