AppointmentICI Fund appoints Yaron Wolfsthal as Partner
Appointment
ICI Fund appoints Yaron Wolfsthal as Partner
“Yaron’s extensive experience in leading Generative AI initiatives is invaluable as we hone in on the most promising startups set to yield sustainable competitive advantages in this rapidly evolving field,” said Gili Elkin, Founder and Managing Partner.
U.S.-based VC firm ICI Fund has announced it has appointed Yaron Wolfsthal as Partner. Wolfsthal joins the firm from IBM after recently retiring and brings with him 35 years of technology experience.
“I am elated to join the ICI Fund and advance its mission of supporting extraordinary teams who are pioneering transformative, competitive solutions powered by revolutionary AI technologies, especially Generative AI,” said Wolfsthal. “The fund’s commitment to investing in early-stage startups poised to revolutionize industries with unique applications of this technology resonates deeply with me.”
Wolfsthal founded and ran IBM’s Cybersecurity Center of Excellence in Israel, and concurrently served as IBM Ventures’ delegate and the liaison for IBM’s M&A and partnerships in Israel.
“We are thrilled to welcome Yaron as a Partner,” added Gili Elkin, Founder and Managing Partner of ICI Fund. “His presence on our team enhances our capability to identify, assess, and invest in cutting-edge technologies that will undoubtedly shape the future. Yaron’s extensive experience in leading Generative AI initiatives is invaluable as we hone in on the most promising startups set to yield sustainable competitive advantages in this rapidly evolving field.”
ICI Fund has offices in Colorado, California, and Israel, and Wolfsthal joins the team including Elkin, Tim Jones, Adam Button, and Ari Goldfarb. ICI Fund II has invested in 10 companies, five in 2024 alone, and plans to invest in at least two more by the end of the year.
