Bosch’s arm’s arm has a new fund value $ 270 million, which can proceed the tradition of investing in deep start-ups. This time, nevertheless, Bosch Ventures plans to put more cash on startups in North America.
Bosch Ventures introduced to the market in 2007 is now on the sixth fund. And although the Corporate VC is a technically global company, it is focused today towards North America.
The strategy could seem contradictory, considering that it is a region affected by US administrative policy, which led to the trade war in the USA with China, an unstable stock market and fears of recession. But the managing director of Bosch Ventures, Ingo Ramesohl, told Techcrunch that the flow of transaction in North America is stronger than ever.
“I see a lot of positive energy,” said Ramesohl. “People do not stop at innovation and do not stop to disturb. So for me it is a really great time for new investments.”
The company that has offices in the Silicon Valley, Boston, Germany, Tel Aviv and China, normally investments from $ 5 to $ 10 million. Ramsohl said that the company would probably make 20 to 25 investments from this fund.
“This is basically a continuation of the success of the success of recent funds,” said Ramesohl, asked about what technological sectors he is most interested.
The company still invests in motoring, climate technology, cyber security, semiconductor production, energy efficiency and company software. A worthy artificial intelligence, and more precisely, the use of AI tools for the physical world, corresponding to production, is also high on the list.
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“We don’t focus completely on Genai,” said Ramesohl.
Despite this, AI is the focus of the production company since at least 2017, when she established Bosch Center for Artificial Intelligence. The company said – and Ramesohl confirmed – that each one Bosch products are now developed or produced using artificial intelligence, a milestone that hit at the end of 2023.
“Genai is changing a lot, and at the same time enables many new companies, many new innovations,” he said, noting that in his opinion the most promising AI applications are working.