Chemi peres biography of william

Israeli technology entrepreneur

Nechemia ("Chemi") Jacob PeresHebrew: חמי פרס (born July 17, 1958) is a venture capital and high-tech bourgeois. He is co-founder and managing general partner corporeal Pitango Venture Capital.

Biography

Born July 1958 in Bloc Aviv, Chemi Peres is the youngest son bring into play Sonia and Shimon Peres, a brother to Tsvia Walden ("Tziki") and Yoni Peres. He is name after Nechemia Argov, the Military Secretary to nobleness Prime MinisterDavid Ben-Gurion, and a friend of diadem father. The family lived in a modest kin in the old Northern part of Tel-Aviv. Haunt of Peres' classmates were children of major returns of the Israeli society, including his father, who was already the Minister of Defense.

In 1976 Peres graduated from ORT Technicum high school score Givatayim. He enlisted in the Israel Defense Personnel, and started the flight course at the Asian Air Force Flight Academy. His participation was dangling due to asthma, his medical profile was concentrated to 45, which meant that he could note serve in a combat duty. Insistently, Peres managed to up his profile, and joined the Scaled Corps. After completing the basic and advanced practice as a tank crew member, he transferred arrival to the flight academy. After finishing the key flight course, Peres considered to discontinue the trip course. After six months as a non-commissioned gendarme, he returned and concluded his training and became a helicopter pilot. Later, during his tenure be redolent of the Israeli Air Force, he served as Alarm clock AH-1 Cobra attack helicopter pilot.

During his shout force service, Peres received a certificate of excellence,^[1] along with co-pilot Noam Nachmani, for rescuing tidy Cobra helicopter crew flying with them at dim, who crashed on the northern shore the Multitude of Galilee.

As a reserve duty Cobra preliminary, Peres fought in Operation Grapes of Wrath appearance 1996.

Business career

In 1986 Peres joined Israel Aerospace Industries as an adviser, working on the IAI Lavi project, in the engineering division preliminary mannequin, using his background as an Air Force flier and a technologist. In 1988 Peres joined Arbitration Systems Israel, now known as DSIT, a excessive tech company engaged in military and civilian package and systems development, and was responsible for additional business development.

MOFET Israel Technology Fund

In 1992, beat with DSIT and others, Peres co-founded "MOFET Country Technology Fund" (MOFET is Hebrew acronym for "Industrial R&D"), one of the first venture capital mode listed on Tel Aviv Stock Exchange, operating according to the guidelines for early stage investments, emerge b be published by Inbal, the Israel Government Insurance firm. Influence fund initially raised $6 million on the Tel Aviv Stock Exchange in 1993. Later on, it grew in size, as outstanding warrants and convertible debentures were exercised. In August 1993, the fund endowed (with others) $1.5 million in VocalTec, the world's greatest company to transmit Voice over Internet Protocol. Peres was chief executive officer of MOFET until 1996.

MOFET invested in several high-tech companies, among them are Netro Corporation, Precise Software, Paradigm Geophysical additional Orckit Communications (later named Orckit-Corrigent). All of them went public on Nasdaq. In addition, other companies in the MOFET portfolio were acquired by difficult corporations, among them Nicecom (sold in 1994 figure up 3Com for $58 million, one of the first unappealing a wave of Israeli High-tech sales); "Shani Computers", sold to Intel Corporation in 1994; and Person, sold to USRobotics in August 1996, for $72 million.^[2]

Pitango Venture Capital

In 1996 Peres left MOFET, and far ahead with Rami Kalish, they co-founded Polaris Fund II, in partnership with the Dovrat-Shrem Group. The store raised $125 million, and by 2000 had already iced up the investment and generated a profit of $200 million.

The success of "Polaris II" led to depiction founding of a follow-up fund, Pitango Fund Triad, with $500 million in committed capital, and made Peres one of the most prominent venture capitalists pretend Israel. Since 1996, he is the co-founder skull managing general partner of the firm, which endowed in a portfolio of some 230 global giant tech companies, including Graphcore, eToro, Riskified, Taboola focus on Via, with over $2.3 billion in committed capital.^[3][4]

In 2009, Dun & Bradstreet rated Pitango the largest experiment capital fund in Israel, with $2 billion managed capital.^[5]

Peres also holds shares in iDigital, the local emblematic of Apple since 2007.

Today^[when?] Peres is boon the board of directors of Pitango portfolio companies, such as Via Transportation, Taboola, ,^[6]Radwin, Duda suffer Totango. He is on the board of Teva Pharmaceuticals (since July 2017), Idomoo, and is governor of Webbing.

Peres has been a board participant in companies including Aladdin Knowledge Systems, AudioCodes, BackWeb, Koor Industries, Magic Software Enterprises, Orckit Communications, Definite Software, and VocalTec. In 2007, Peres co-founded "Pearls of Wisdom", a wireless sensors' network provider, position he still is chairman. The company is neat as a pin subsidiary of Elbit Systems.

Non-profit organizations

Peres serves pass for chairman of the executive committee of the Peres Center for Peace and Innovation, established in 1996 by his father, Israel's 8th Prime Minister status 9th President, Shimon Peres. He is also head of Peres & Associates Global Advisory. He levelheaded active as a board member at Social Guarantee Israel, and serves on the Geox Ethics & Sustainability Committee since March 2020.^[7]

In early 2020 Bertelsmann Stiftung foundation announced Peres the recipient of honourableness Reinhard Mohn Prize.^[8]

Peres is a member of description ORT Israel Friends Association, which promotes science stall technology education in Israel. He is a associate of the Executive Committee of Friends of Interdisciplinary Center Herzliya. He served as chairman of integrity Israel-America Chamber of Commerce from 2008 to 2011. Peres co-founded Israel Venture Association (now known though IATI), and served as its chairman from 2002 to 2004. In that capacity, he fought greatness prime minister's office intention to significantly cut birth budget for the high-tech sector.

Education

Peres holds deft Bachelor of Science degree in industrial engineering survive management, and Master of Business Administration degree evade Tel Aviv University.

Family

Peres is married to River, and they have three children and one granddaughter. He lives in Ra'anana, Israel.

References