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Ex-NBA athlete Omri Casspi launches $60M fund targeting cybersecurity, cloud infra and AI

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What's in this week's issue?

  • 🏀 Ex-NBA athlete Omri Casspi launches $60M fund targeting cybersecurity, cloud infra and AI

  • 🧬 AI tool ‘sees’ cancer gene signatures in biopsy images

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Former NBA athlete Omri Casspi has raised $60 million for his latest venture fund, Swish Ventures, which will invest in early-stage cybersecurity, cloud infrastructure, and AI startups. The fund plans to back 10 companies, and will invest $5 million to $7 million per deal.

Swish Ventures is Casspi’s second fund following the launch of Sheva Capital, a $36 million fund, in 2022. Several founders who were backed by Sheva are now investors in Swish Ventures, including EON founder Ophir Ehrlich, Upwind’s founder Amiram Shachar, and PointFive’s co-founders Gal Ben-David and Alon Arvatz. The move reflects investors’ increasing interest in cybersecurity and AI, particularly in Israel and the U.S., where Casspi has concentrated his investments.

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Stanford Medicine researchers have developed an artificial intelligence-powered computational program that can predict the activity of thousands of genes within tumor cells based only on standard microscopy images of the biopsy.

The tool, described online in Nature Communications Nov. 14, was created using data from more than 7,000 diverse tumor samples. The team showed that it could use routinely collected biopsy images to predict genetic variations in breast cancers and to predict patient outcomes.

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