Browsing: Inevitable

Beijing — On the outskirts of the Chinese port city of Ningbo, surrounded by lush green hills topped with giant wind turbines to harness the power of the gales off the East China Sea, is a factory where bosses believe they’re making the cars of the future.

Aleph, one of Israel’s top funds, is backing a new artificial intelligence-native venture studio with $6 million in pre-seed funding so it can build and launch dozens of new software startups by the end of the year. The studio is called Inevitable AI Group, and its co-founders Nimrod Lehavi (pictured, left) and Ofer Bar-Or (right)…

Inevitable AI Group (IAIG), founded by Simplex co-founders who sold their company to Nuvei for $250M, has closed a $6M pre-seed led by Aleph. The AI venture studio has already launched five independent ventures since January, with plans for dozens more. IAIG bets that lean AI-native teams can build enterprise-grade software in weeks and undercut…