Protego Ventures Closes $125M Fund
Protego Ventures, the first and largest dedicated defense tech venture capital firm in Israel, has completed its final $125 million fundraising round, according to TechCrunch.
The fund is intended to support early-stage defense technology startups, with a focus on cybersecurity, AI, and autonomous systems.
Protego has previously backed companies like Wiz, a cloud security startup, and Auviz, which develops AI-powered surveillance systems.
The firm’s latest fund comes as global defense spending continues to rise, with Israel’s defense sector experiencing increased investment from both domestic and international sources.
Protego’s managing partner, Eran Nitzan, said the new fund will help scale startups that can provide “next-generation defense solutions” to both military and commercial clients.
Source and Summary
Source: TechCrunch
Summary
Protego Ventures, Israel’s first and largest defense tech venture capital firm, has completed its final $125 million fund, according to TechCrunch. The fund aims to support early-stage defense technology startups, focusing on cybersecurity, AI, and autonomous systems. The firm has previously invested in companies like Wiz and Auviz. Protego’s managing partner, Eran Nitzan, said the fund will help scale startups offering “next-generation defense solutions” for military and commercial use.
Our Reading
The launch follows a familiar script.
Protego raises another big fund for defense tech.
Focus on AI and cybersecurity, two areas already crowded with investors.
Claims of “next-gen” solutions, despite decades of similar promises.
Another VC playing the defense tech game, hoping to cash in on global tensions.
Author: Evan Null
