A new investment fund led by Merav Bahat is being set up with Assaf Rappaport and partners from the venture capital and startup worlds, with participation from Sequoia, Greylock and Andreessen, Calcalist reported. The fund will manage $25 million to $30 million.
It will operate as a founder-led fund and focus on early-stage investments in AI infrastructure and AI-based cybersecurity. Its investments will target computing infrastructure, scaling technologies and AI security products.
The fund is designed to bridge Israel’s startup ecosystem with San Francisco innovation hubs and to help build the next generation of global AI companies. It will invest in Israel and the United States, with the goal of strengthening Israel’s position as one of the world’s leading AI centers and deepening cooperation between local founders and global capital and knowledge networks.
The move fits a global trend of funds focused on AI infrastructure and on direct ties between active entrepreneurs and strategic industry investors. Bahat founded the cybersecurity company Dazz in 2021 and sold it to Wiz in 2024 for about half a billion dollars. Rappaport is one of Wiz’s founders; the company was recently sold to Google for $32 billion.
