Back in September, Equifax, one of the three largest credit agencies, announced a cybersecurity breach. Cybercriminals accessed 145.5 million U.S. Equifax consumers' personal data, including their full names, Social Security numbers, birth dates, addresses, and, in some cases, driver’s license numbers. At least 209,000 consumers' credit card credentials were compromised. This attack joins a number of recent attacks that targeted large private and government institutions, raising concerns that this is just the beginning of 21st century warfare -- cyber warfare.Read More
We are thrilled to announce the promotion of Daniel Goldstein to Operating Partner. Daniel first joined Innovation Endeavors in 2013 as a member of our Value Creation Team, building our global network of leading corporate partners.
Our Value Creation Team is an integral part of our strategy, bridging the gap between large corporations and startup innovation across Silicon Valley, New York, and Israel -- driving meaningful value for all sides.
Under Daniel’s leadership, the Value Creation Team has created numerous partnerships with Fortune 500 and Global 2000 corporations, totaling more than 705 strategic introductions and $100 million in value for our portfolio companies.
Daniel is an invaluable member of the Innovation Endeavors family. She brings years of business development experience to the team, combined with a get-it-done, creative attitude that thrives on building and fostering relationships.
Please join us in congratulating Daniel!
Biology is computation. It operates on the digital alphabet of biochemistry, which is quite a bit more complicated than binary, hex, or even Haskell. Watson and Crick deciphered the code that is DNA, a linear polymer written in base-4 as permutations of nucleic acids. It was not long thereafter that Watson then used this knowledge to unlock the secrets of proteins by understanding that triplets of these bases served as the code to direct the assembly of complex proteins. Understanding that biology at its core was a code, these 64 simple repeats were aptly named codons.
But what kind of code could explain the massive complexity of an entire cell, even the simplest of organisms? If we understand the source code, surely we can understand the program? Years of time and billions of dollars of capital were poured into reading and mapping the source code of nature.Read More
At Innovation Endeavors we believe large, underserved industries are ripe for transformation by founders wielding the bleeding edge of data, AI, and robotics. One of the industries we’re most excited about is logistics, an $8.1T (yes, that’s T for trillion) market central to both the global economy and our day-to-day lives.
Retail logistics in particular is undergoing nothing short of an upheaval, from the end customer experience down to the root of the supply chain, courtesy of Amazon and the powerful shift towards e-commerce. For two decades, Amazon has steadily and unapologetically raised consumer expectations for better, faster, and cheaper shopping and delivery. In 2017, virtually infinite selection, delivery within hours (and soon, minutes), and “free” are table stakes.
These days, “Internet-native” founders and startups have fully internalized de Geus’ wisdom of agility. They recognize rapid iteration and learning are strategic imperatives, and adeptly employ agile development methodologies, granular instrumentation, large-scale compute and data infrastructure and cutting-edge machine learning to maintain their edge.
But this mindset and approach are largely confined to the software and services world. Look outside of it and you’ll find a wide range of industries - some hundreds of billions of dollars in value - that have been historically slow-moving and starved of rapid iteration and learning. Think: Aerospace, Transportation, Manufacturing, Logistics, Material Sciences, Life Sciences, Agriculture.
This presents a fertile ground for industry-transforming startup opportunities, and are seeing a new wave of founders capitalize on them by unlocking the agility and learning velocity taken for granted in the software world. We're still in the early days and the specifics will vary by industry, but the contours of a “playbook for transforming big industry” are beginning to emerge.Read More
In our mission to invest in world-class technologists, we are excited to announce our investment in Sam Gutmann, Ariel Berkman, Eran Cohen, and Ori Yankelev – the founding team at OwnBackup, the leading cloud-to-cloud backup and recovery service for Salesforce, social media channels, and now ServiceNow. OwnBackup helps mid-sized and large enterprises protect their business-critical SaaS application data and provides access to restore tools to minimize disruption to operations, ensure business continuity and meet compliance requirements. In doing so, Sam, Ariel, Eran, and Ori are tackling the challenging problem of SaaS dependability, which has the opportunity to rapidly drive massive mainstream enterprise SaaS/cloud adoption.Read More
2015 was an exciting year in AgTech. As a Farm2050 collective, we looked at 531 companies and made over 100 introductions between startups and our partners. We were inspired by these entrepreneurs’ aspirations to rethink the food system and how we can feed a growing population. From seeds to food processing, we learned about the complexity of the system, the challenges ahead, and where the opportunities are. Our experiences in talking to experts, meeting with startups, attending conferences, and meeting with farmers over the last 12 months taught us some key lessons about the industry and innovation landscape.Read More
No matter how we cut it, the livestock production process is inefficient.
But with all inefficient processes comes an opportunity - in this case, a moonshot opportunity to revolutionize the way we think about food, resources, health, nutrition and the sustainability of our planet.Read More
In our mission to invest in world-class technologists, we are excited to announce our investment in Adam Compain, Will Harvey, and Diego Canales - the founding team at ClearMetal, a predictive logistics company, applying data science to unlock unprecedented efficiency for global trade. Adam, Will, and Diego are tackling a challenging problem that has the opportunity for large-scale impact in how we optimize the movement of goods across an increasingly global economy.Read More
By now, nearly everyone has been exposed to the Internet of Things (IoT) in one way or another, whether through a Fitbit bracelet, a Nest smart thermostat, or now even the Apple watch. But despite all of the hype, IoT is still something of an enigma, both to laymen and investors alike, and from Silicon Valley all the way to Tel Aviv. Moreover, for a number of reasons including a history of Israeli failures in the consumer and hardware spaces, there is a general lack of belief that Israel can be a leader in IoT.
However, at Innovation Endeavors in recent months, we have seen a growing amount of impressive IoT activity coming out of Israel. This intrigued us and led us to do a three-month deep dive into the space. The goal was to both demystify the existing understanding of IoT and identify the trends, sectors, and technologies that can serve as significant opportunities for Israeli entrepreneurs in this space.Read More