Kuang-Chi GCI Fund to invest USD250m in Global Startups English

Kuang-Chi Group has launched its second Global Community of Innovation (GCI) fund, which will invest up to USD250 million in companies developing technology in industries including robotics, IoT, telecommunications, and digital health, the company said.

The fund has a focus on global startups and follows a previous investment of USD50 million in similar fields, the company announced today.

Through investments of the first GCI fund, Kuang-Chi has taken stakes in companies with a focus on innovative and disruptive technologies, including video intelligence provider Agent Video Intelligence (Agent Vi).

Itsik Kattan, CEO of AgentVi, remarked, “After Kuang-Chi became a strategic investor in Agent Vi, our cooperation has made rapid headway. Among other initiatives, we will open an Innovation Center in early 2017 in Tel Aviv, Israel, which will look to identify and integrate Smart City technologies being developed in Israel with our and Kuang-Chi´s offering.”

In addition to Agent Vi, the GCI fund has invested in global innovators including: gesture control leader eyeSight; emotions analytics pioneer Beyond Verbal; biometric authentication provider, Zwipe; and UAV surveillance company SkyX.

Kuang-Chi is a high-tech company that is dedicated to disruptive innovation. Headquartered in Shenzhen, China, Kuang-Chi comprises a group of public and private companies, research institutes,and principal investment in cutting-edge technology sectors including communications, metamaterials, and space technology, which have applications in diversified business areas including aerospace, intelligent equipment, Internet of things, and smart cities.