The Bosch Business Branch has a new $ 270 million fund that will continue the surrender of investment to deep technology businesses. This time, however, Bosch Ventures plans to put more of her money on newly established North America.
Started in 2007, Bosch Ventures is now in the sixth fund. And while the corporate VC is technically a global business, its catering today has been weighed more to North America.
The strategy may seem contradictory as this is an area influenced by a US administration policy that has led to a US trade war with China, an unstable brokerage market and fears of a recession. But Bosch Ventures CEO Ingo Ramesohl told Techcrunch that the flow of the deal in North America is stronger than ever.
“I see a lot of positive energy,” Ramesohl said. “People don’t stop innovating and not stopping to disturb. So for me, it’s really a good time for new investment.”
The company, which has offices in Silicon Valley, Boston, Germany, Tel Aviv and China, usually invests between $ 5 and $ 10 million. Ramesohl said the business would probably make 20 to 25 investments from this fund.
“This is basically a continuation of the success stories of the last chapters,” Ramesohl said when he was asked in what technological areas he is most interested in.
The company continues to invest in the automotive industry, climate technology, cyber security, semiconductor production, energy efficiency and business software. The genetic AI, in particular, the application of AI tools to the natural world, such as construction, is also high in the list.
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“We don’t focus entirely on Gen Ai,” Ramesohl said.
Still, AI has been a central part of the construction company since 2017, when he founded the Bosch Intelligence Center. The company has said – and Ramesohl has confirmed – that all Bosch products are now growing or produced using AI, a landmark that hit the end of 2023.
“Gen Ai is changing a lot and at the same time allows many new businesses, many new innovations,” he said, noting that, in his view, AI’s most promising applications are in business.
