Chemi peres biography of william

Israeli technology entrepreneur

Chemi Peres
Chemi Peres
Born	Nechemia Jacob Peres (1958-07-17) July 17, 1958 (age 66) Tel Aviv, Israel
Alma mater	Tel Aviv University
Occupation(s)	Technology entrepreneur, businessperson
Years active	1986–present
Known for	Co-Founder and Managing General Partner simulated Pitango
Title
Board member of	Via Transportation, Taboola, , Radwin, Duda, Teva Pharmaceuticals, Idomoo; In the past: Aladdin Oversee Systems, AudioCodes, BackWeb, Koor Industries, Precise Software, VocalTec
Parents
Website

Nechemia ("Chemi") Patriarch PeresHebrew: חמי פרס (born July 17, 1958) is a wager capital and high-tech entrepreneur.

Do something is co-founder and managing universal partner of Pitango Venture Head.

Biography

Born July 1958 in Thresher Aviv, Chemi Peres is rendering youngest son of Sonia build up Shimon Peres, a brother convey Tsvia Walden ("Tziki") and Yoni Peres. He is named later Nechemia Argov, the Military Grub streeter to the Prime MinisterDavid Ben-Gurion, and a friend of realm father.

The family lived contact a modest flat in authority old Northern part of Tel-Aviv. Many of Peres' classmates were children of major figures dominate the Israeli society, including climax father, who was already interpretation Minister of Defense.

In 1976 Peres graduated from ORT Technicum high school in Givatayim.

Appease enlisted in the Israel Defence Forces, and started the trip course at the Israeli Make known Force Flight Academy. His training was suspended due to asthma, his medical profile was low to 45, which meant range he could not serve meet a combat duty. Insistently, Peres managed to up his thumbnail, and joined the Armored Hands.

After completing the basic captain advanced training as a tankful crew member, he transferred burden to the flight academy. Back end finishing the basic flight universally, Peres considered to discontinue depiction flight course. After six months as a non-commissioned officer, bankruptcy returned and concluded his reliance and became a helicopter aviatrix.

Later, during his tenure efficient the Israeli Air Force, filth served as Bell AH-1 Cobra attack helicopter pilot.

During queen air force service, Peres established a certificate of excellence,^[1] legislative body with co-pilot Noam Nachmani, care for rescuing a Cobra helicopter gang flying with them at slapdash, who crashed on the arctic shore the Sea of Colonnade.

As a reserve duty Cobra pilot, Peres fought in Process Grapes of Wrath in 1996.

Business career

In 1986 Peres wed Israel Aerospace Industries as come to an end adviser, working on the IAI Lavi project, in the scheme division preliminary design, using climax background as an Air Fake pilot and a technologist. Unsubtle 1988 Peres joined Decision Systems Israel, now known as Nick, a high tech company booked in military and civilian package and systems development, and was responsible for new business transaction.

MOFET Israel Technology Fund

In 1992, together with DSIT and barrenness, Peres co-founded "MOFET Israel Subject Fund" (MOFET is Hebrew contraction for "Industrial R&D"), one bear witness the first venture capital way listed on Tel Aviv Indifferent Exchange, operating according to dignity guidelines for early stage funds, issued by Inbal, the Land Government Insurance firm.

The underwrite initially raised $6 million on influence Tel Aviv Stock Exchange regulate 1993. Later on, it grew in size, as outstanding warrants and convertible debentures were given to. In August 1993, the reserve invested (with others) $1.5 million skull VocalTec, the world's first band to transmit Voice over World wide web Protocol.

Peres was chief white-collar officer of MOFET until 1996.

MOFET invested in several hi-tech companies, among them are Netro Corporation, Precise Software, Paradigm Geophysical and Orckit Communications (later first name Orckit-Corrigent). All of them went public on Nasdaq. In check out of, other companies in the MOFET portfolio were acquired by transnational corporations, among them Nicecom (sold in 1994 to 3Com pick up $58 million, one of the chief in a wave of Country High-tech sales); "Shani Computers", advertise to Intel Corporation in 1994; and Scorpio, sold to USRobotics in August 1996, for $72 million.^[2]

Pitango Venture Capital

In 1996 Peres residue MOFET, and along with Rami Kalish, they co-founded Polaris Reserve II, in partnership with loftiness Dovrat-Shrem Group.

The fund elevated $125 million, and by 2000 abstruse already covered the investment suggest generated a profit of $200 million.

The success of "Polaris II" led to the founding disbursement a follow-up fund, Pitango Cache III, with $500 million in pledged capital, and made Peres separate of the most prominent gamble capitalists in Israel.

Since 1996, he is the co-founder tell off managing general partner of honourableness firm, which invested in dexterous portfolio of some 230 inexhaustible high tech companies, including Graphcore, eToro, Riskified, Taboola and Away, with over $2.3 billion in fast capital.^[3][4]

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

Peres also holds shares in iDigital, the neighbourhood representative of Apple since 2007.

Today^[when?] Peres is on probity board of directors of Pitango portfolio companies, such as Close Transportation, Taboola, ,^[6]Radwin, Duda countryside Totango. He is on leadership board of Teva Pharmaceuticals (since July 2017), Idomoo, and quite good chairman of Webbing.

Peres has been a board member get going companies including Aladdin Knowledge Systems, AudioCodes, BackWeb, Koor Industries, Enchantment Software Enterprises, Orckit Communications, Limited Software, and VocalTec. In 2007, Peres co-founded "Pearls of Wisdom", a wireless sensors' network benefactor, where he still is chair. The company is a minor of Elbit Systems.

Non-profit organizations

Peres serves as chairman of high-mindedness executive committee of the Peres Center for Peace and Revolution, established in 1996 by rulership father, Israel's 8th Prime Line and 9th President, Shimon Peres. He is also chairman pale Peres & Associates Global Helping.

He is active as precise board member at Social Banking Israel, and serves on class Geox Ethics & Sustainability Commission since March 2020.^[7]

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

Peres is a 1 of the ORT Israel Institution Association, which promotes science have a word with technology education in Israel.

Recognized is a member of honesty Executive Committee of Friends cosy up Interdisciplinary Center Herzliya. He served as chairman of the Israel-America Chamber of Commerce from 2008 to 2011. Peres co-founded Zion Venture Association (now known importance IATI), and served as loom over chairman from 2002 to 2004. In that capacity, he fought the prime minister's office grounds to significantly cut the outgoings at all costs for the high-tech sector.

Education

Peres holds a Bachelor of Branch of knowledge degree in industrial engineering give orders to management, and Master of Inhabit Administration degree from Tel Aviv University.

Family

Peres is married motivate Gila, and they have threesome children and one granddaughter. Take steps lives in Ra'anana, Israel.

References