enterprise 4.0 | Q1 2022
The BGV Beat
KEY TRENDS
Traditional Industries Transformed By AI
Mapping Business Sustainability From Space
AiDash offers software-as-a-service tools that enable businesses in industries such as utilities, energy and oil & gas to measure their impact. The company sources high-resolution imagery from the growing number of commercial satellites orbiting the earth and then analyses this data to provide customers with a broad range of read-outs.
AI-Powered Production Transforms Manufacturing
There are only two ways to improve factory operations: automate, or optimize the performance of people. Manufacturers have automated as much as they can over the last several decades, but the reality is that many tasks aren’t yet automatable. The machines don’t exist to do the precise or complex tasks that humans perform. So what’s the key to a more adaptable factory, particularly when the specific challenges on the horizon are largely unknown? People.
DEEPER INSIGHTS
AI as an Enterprise Risk Category
The Ethical AI Challenge
In our new era, driven by artifical intelligence, ethical questions have arisen around transparency, data biases, model biases, security, privacy and the governance of AI technologies.
Achieving a Data Driven Risk Assessment Methodology for Ethical AI
The AI landscape demands a broad set of legal, ethical, and societal considerations to be accounted for in order to develop ethical AI (eAI) solutions which sustain human values and rights. Many organizations face practical challenges in navigating these considerations from a risk management perspective.
Flytrex raies $40M to build its drone-based delivery service
Flytrex, the Israeli startup working with Walmart, Chili’s, and others in North Carolina in pilots for a drone-based delivery service targeting suburban consumers, has picked up $40 million in funding to continue developing its hardware and software, as well as more business partnerships, as it awaits regulatory nods to expand its service to more markets in the U.S.
Perspectives
Building a Billion Dollar AI-First Business
AI Ethicist Olivia Gambelin speaks with IBM’s Chief Privacy Officer Christina Montgomery and Senior Managing Partner Jesus Mantas about what it takes to build a successful AI-first business responsibly.
Ethical AI and Data Privacy
BGV’s Anik Bose led a panel discussion on Data Privacy with former Facebook Global Director of Privacy, Laura Juanes, Stanford Cybersecurity expert Neil Daswani, and Privacera’s Anna Yong.
Fundraising Best Practices
Jason Green of Emergence Capital shares the firm’s best practices to help portco’s like Salesforce, Zoom and Veeva prepare, execute and close the fundraising process.
AI Governance in Financial Services
Ungoverned AI poses systemic risk for financial services companies. BGV’s Venkat Raghavan led a discussion with TruEra President Anupam Datta and Zelros CEO Christophe Bourguignat.
SPOTLIGHT
NetZero Wins Israel Innovation Authority License to Operate New Climate-Tech Incubator
Given the promise of AI powered deep tech, coupled with the entrepreneurial talent pool and domain expertise in Israel, BGV has entered into a strategic partnership with NetZero. Led by BGV’s Barak Ben Avinoam, and backed by CVCs such as Schneider Electric, OSEG, and Total Energies, NetZero is just one of five incubators to be awarded a license by the Israel Innovation Authority. The fund will make pre-seed investments in climate tech startups with matching support from the IIA, and provide BGV with early exposure to competitive deal flow.