"Getting $10-20 million in Seed money from reputable funds is easy. That’s why we also see rapid failures."

“Everyone understands that the AI revolution is enormous, and whoever succeeds in building the truly significant companies will do so within the next year or two at most. Everyone is playing for time,” said Pavel Gurvich, co-founder and CEO of Tenzai, during a panel moderated by Meir Orbach at Calcalist’s Tech TLV conference, held in collaboration with Leumi.

“We see that the market is ready to fund such ventures, ready to back teams that not only have the technological ability to execute but also the capacity to go to market quickly. Raising a $75 million Seed round is a major and significant step, but the journey ahead is much bigger. In the very early stages, the main risks are the team, whether the market truly exists, and whether you know how to build a product,” he said. READ MORE