Merav Bahat raising $25-30 million AI fund with Assaf Rappaport, Sequoia, Greylock and a16z
The founder-led fund will focus on early-stage AI infrastructure and cybersecurity startups, aiming to connect Israel’s tech ecosystem with Silicon Valley capital and expertise.
A new investment fund led by Merav Bahat, along with Assaf Rappaport and partners from the venture capital and entrepreneurial ecosystems, and with the participation of Sequoia, Greylock, and Andreessen Horowitz, is currently being established, Calcalist has learned. The fund is expected to manage $25-30 million.
The fund will operate as a founder-led vehicle, focusing on early-stage investments in companies in the fields of artificial intelligence infrastructure (AI infrastructure) and AI-driven cybersecurity. It is designed to bridge the Israeli ecosystem with San Francisco’s innovation hubs, and to support the development of the next generation of global AI companies. Investments will target computing infrastructure, scaling technologies, and AI-based security solutions. The fund will operate in both Israel and the United States, with the aim of strengthening Israel’s position as a global center for artificial intelligence and deepening ties between local entrepreneurs and global capital and knowledge networks.
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Merav Bahat (right) and Assaf Rappaport.
(Photos: Kobi Kuenkas and David Paul Morris/Bloomberg)
The move aligns with a broader global trend of establishing funds focused on AI infrastructure and direct connections between active entrepreneurs and strategic industry investors.
Bahat is a high-tech entrepreneur who founded the cybersecurity company Dazz in 2021, which she sold to Wiz in 2024 for approximately half a billion dollars. Rappaport is one of the founders of Wiz, which was recently sold to Google for $32 billion.
On Tuesday, both Bahat and Rappaport were revealed as investors in American startup Engram, co-founded and headed by Israeli researcher Dr. Dan Biderman. Engram raised a $98 million funding round at a $600 million valuation.
