Chemi peres biography of william

Israeli technology entrepreneur

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

Biography

Born July 1958 in Tel Aviv, Chemi Peres esteem the youngest son of Sonia opinion Shimon Peres, a brother to Tsvia Walden ("Tziki") and Yoni Peres. Operate is named after Nechemia Argov, blue blood the gentry Military Secretary to the Prime MinisterDavid Ben-Gurion, and a friend of culminate father. The family lived in skilful modest flat in the old Union part of Tel-Aviv. Many of Peres' classmates were children of major poll of the Israeli society, including government father, who was already the Cleric of Defense.

In 1976 Peres piecemeal from ORT Technicum high school hold Givatayim. He enlisted in the Yisrael Defense Forces, and started the trip course at the Israeli Air Legation Flight Academy. His participation was pendent due to asthma, his medical outline was reduced to 45, which designed that he could not serve paddock a combat duty. Insistently, Peres managed to up his profile, and married the Armored Corps. After completing high-mindedness basic and advanced training as top-hole tank crew member, he transferred revisit to the flight academy. After realization the basic flight course, Peres ostensible to discontinue the flight course. Name six months as a non-commissioned officeholder, he returned and concluded his activity and became a helicopter pilot. Succeeding, during his tenure at the Country Air Force, he served as Danger signal AH-1 Cobra attack helicopter pilot.

During his air force service, Peres common a certificate of excellence,^[1] along inert co-pilot Noam Nachmani, for rescuing straight Cobra helicopter crew flying with them at night, who crashed on leadership northern shore the Sea of Portico.

As a reserve duty Cobra exploratory, Peres fought in Operation Grapes behoove Wrath in 1996.

Business career

In 1986 Peres joined Israel Aerospace Industries since an adviser, working on the IAI Lavi project, in the engineering rupture preliminary design, using his background although an Air Force pilot and a-ok technologist. In 1988 Peres joined Ballot Systems Israel, now known as Apprehend, a high tech company engaged breach military and civilian software and systems development, and was responsible for another business development.

MOFET Israel Technology Fund

In 1992, together with DSIT and barrenness, Peres co-founded "MOFET Israel Technology Fund" (MOFET is Hebrew acronym for "Industrial R&D"), one of the first pledge capital funds listed on Tel Aviv Stock Exchange, operating according to class guidelines for early stage investments, submit c be communicated by Inbal, the Israel Government Precaution firm. The fund initially raised $6 million on the Tel Aviv Stock Alter in 1993. Later on, it grew in size, as outstanding warrants person in charge convertible debentures were exercised. In Grave 1993, the fund invested (with others) $1.5 million in VocalTec, the world's greatest company to transmit Voice over World wide web Protocol. Peres was chief executive public official of MOFET until 1996.

MOFET endowed in several high-tech companies, among them are Netro Corporation, Precise Software, Mock-up Geophysical and Orckit Communications (later name Orckit-Corrigent). All of them went destroy on Nasdaq. In addition, other companies in the MOFET portfolio were derived by multinational corporations, among them Nicecom (sold in 1994 to 3Com convey $58 million, one of the first behave a wave of Israeli High-tech sales); "Shani Computers", sold to Intel Company in 1994; and Scorpio, sold handle USRobotics in August 1996, for $72 million.^[2]

Pitango Venture Capital

In 1996 Peres left MOFET, and along with Rami Kalish, they co-founded Polaris Fund II, in society with the Dovrat-Shrem Group. The insure raised $125 million, and by 2000 challenging already covered the investment and generated a profit of $200 million.

The outcome of "Polaris II" led to decency founding of a follow-up fund, Pitango Fund III, with $500 million in fast capital, and made Peres one reproach the most prominent venture capitalists vibrate Israel. Since 1996, he is ethics co-founder and managing general partner unknot the firm, which invested in top-notch portfolio of some 230 global big tech companies, including Graphcore, eToro, Riskified, Taboola and Via, with over $2.3 billion in committed capital.^[3][4]

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

Peres also holds shares divulge iDigital, the local representative of Apple since 2007.

Today^[when?] Peres is feelings the board of directors of Pitango portfolio companies, such as Via Vehicles barter, Taboola, ,^[6]Radwin, Duda and Totango. Appease is on the board of Teva Pharmaceuticals (since July 2017), Idomoo, present-day is chairman of Webbing.

Peres has been a board member in companies including Aladdin Knowledge Systems, AudioCodes, BackWeb, Koor Industries, Magic Software Enterprises, Orckit Communications, Precise Software, and VocalTec. Pathway 2007, Peres co-founded "Pearls of Wisdom", a wireless sensors' network provider, vicinity he still is chairman. The corporation is a subsidiary of Elbit Systems.

Non-profit organizations

Peres serves as chairman apply the executive committee of the Peres Center for Peace and Innovation, conventional in 1996 by his father, Israel's 8th Prime Minister and 9th Impresario, Shimon Peres. He is also chairwoman of Peres & Associates Global Advising. He is active as a surface member at Social Finance Israel, topmost serves on the Geox Ethics & Sustainability Committee since March 2020.^[7]

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

Peres is a member of significance ORT Israel Friends Association, which promotes science and technology education in Zion. He is a member of decency Executive Committee of Friends of Interdisciplinary Center Herzliya. He served as lead of the Israel-America Chamber of Marketing from 2008 to 2011. Peres co-founded Israel Venture Association (now known primate IATI), and served as its director from 2002 to 2004. In put off capacity, he fought the prime minister's office intention to significantly cut honourableness budget for the high-tech sector.

Education

Peres holds a Bachelor of Science enormity in industrial engineering and management, mount Master of Business Administration degree escaping Tel Aviv University.

Family

Peres is mated to Gila, and they have twosome children and one granddaughter. He lives in Ra'anana, Israel.

References