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2024-12-14
A New Era of Defense Innovation
Israel, renowned for its technological prowess, is now experiencing a surge in defense tech innovation. At the forefront of this burgeoning sector is Protego Ventures, a new venture capital fund that has already raised an impressive $70 million in just two weeks.
Founded by Lital Leshem and Lee Moser, Protego aims to capitalize on the global demand for cutting-edge military technologies. The fund’s initial target of $150 million has been significantly exceeded, with U.S. institutional investors driving much of the interest.
A Team of Experienced Entrepreneurs
Leshem and Moser bring a wealth of experience to Protego. Leshem, a co-founder of the emergency response technology company Carbyne, has a proven track record in the tech industry. Moser, a former Chief of Staff at the Israeli Embassy in Washington, brings a deep understanding of international relations and defense policy.
A Focus on Defense Tech
Protego’s focus on defense tech is timely, as the world grapples with geopolitical tensions and evolving warfare. The fund is already actively investing in promising startups, such as Xtend, a drone technology company.
A Growing Ecosystem
Protego is not alone in its pursuit of defense tech innovation. Other prominent figures in the Israeli tech scene, including former IDF Chief of Staff Aviv Kochavi and former Israeli Air Force Commander Amikam Norkin, are also investing in the sector.
What Undercode Says:
The rapid growth of Protego Ventures is a testament to the increasing global interest in Israeli defense technology. The country’s strong entrepreneurial culture, combined with a robust defense industry, has created a fertile ground for innovation.
The surge in defense tech investment is driven by several factors:
Geopolitical tensions: The ongoing conflicts in Ukraine and the Middle East have highlighted the need for advanced military technologies.
Technological advancements: The development of new technologies, such as artificial intelligence, robotics, and autonomous systems, is transforming the battlefield.
Government support: Governments around the world are recognizing the importance of defense innovation and are increasing their investments in R&D.
The rise of defense startups: A new wave of startups is emerging, offering innovative solutions to complex military challenges.
Protego Ventures is well-positioned to capitalize on these trends and become a major player in the global defense tech market. The fund’s experienced team, strong investor base, and focus on cutting-edge technologies give it a competitive edge.
As the defense industry continues to evolve, we can expect to see even more exciting developments from Israel’s vibrant defense tech ecosystem.
References:
Reported By: Calcalistech.com
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