After two years of geopolitical and economic uncertainty, Israel’s tech ecosystem is set to thrive, with foreign investors having remained committed throughout the Gaza war particularly in sectors like artificial intelligence, cybersecurity, and defense, said Jon Medved, the outgoing CEO of venture investment platform OurCrowd.

“During the midst of war in Gaza, participation of overseas funds in investment deals in the local tech ecosystem reached over 90%. In other words, 90% of all the funding rounds in Israel are involving overseas partners,” said Medved. “Despite all of the issues with our brand, the anti-Israel sentiment [over Israel’s conduct in Gaza], multinationals continue to be active here, back us and work with us because they have no choice, and because it makes good business sense.”

“All of this means that when peace breaks out, which Trump willing and working, as well as with our government, then it should all only be increased dramatically and we are feeling it on the part of global investors. Those who have been investing here want to continue, and those who haven’t invested want to start,” Medved added.

In recent days, the Trump administration has increased its efforts to cement a fragile ceasefire agreement it helped to broker last week to end the war in Gaza, which was sparked by the Hamas terror group’s onslaught on southern communities in Israel on October 7, 2023.

Medved, 70, spoke to The Times of Israel on Tuesday as Jerusalem-based venture capital platform OurCrowd announced that he will step down as CEO and transition to the role of chairman. Cali Chill has been appointed acting CEO to oversee........

© The Times of Israel