Benhamou Global Ventures, a Palo Alto, CA- and Tel Aviv, Israel-based early-stage venture capital firm, closed its third fund, at $80m.
BGV III’s limited partners include several unnamed American, European and Chinese investors.
The fund focuses on making investment in enterprise IT including cyber security, cloud-based infrastructure services and applications, web scale infrastructure, advanced analytics and artificial intelligence as well as industrial Internet of Things (IOT) companies.
The firm will continue its cross-border investment strategy, identifying and investing in promising companies originated in Israel, Europe and Asia and helping them build a presence in Silicon Valley.
So far, BGV III has made investments in:
– Secret Double Octopus (SDO), an Israeli cyber security company whose technology enables a password-free environment with trust channels established via a mobile phone app. That investment was completed in April 2017 and was syndicated with JVP, Iris Capital, and Liberty Media Ventures.
– Sherpa Digital Media, an Augmented Reality platform for the enterprise to securely manage, measure and automate video content and reach customers, prospects and employees across all devices and locations.
– 6d bytes, an emerging leader in robotics, machine vision and AI to transform the way the food and beverage industry approaches the preparation and serving of healthy foods.
– Drishti, a computer vision spin-off of SRI (Stanford Research Institute, Menlo Park) which provides an innovative solution to improve the efficiency of human operators in manufacturing assembly lines.
The partners of BGV III are Eric Benhamou, Anik Bose, Eric Buatois, Yashwanth Hemaraj, Marina Levinson, Amir Nayyerhabibi, Janice Roberts based in BGV’s Palo Alto office, and Barak Ben Avinoam (based in BGV’s Tel Aviv office in Israel).