Hetz Ventures

Hetz Ventures is an Israeli venture capital firm with $500 million under management.

IOF intelligence connections

Hetz's partners' has IOF intelligence backgrounds. Managing partner Judah Taub served as an officer in a classified intelligence unit. Principal Itamar Mula began his career as a team lead in a unit of the Israeli Military Intelligence Directorate, the directorate that runs Unit 8200 and Unit 81. Investor Chen Zvi served in technological units including Matzpan.

Unit 8200 developed the AI targeting systems "Lavender", "Gospel", and "Where's Daddy?", which generated automated kill lists of up to 37,000 Palestinians, with operators spending approximately 20 seconds approving each target.

Defending war crimes

On October 13, 2023, the CEO of Web Summit, Europe's largest technology conference, posted on social media criticizing Western leaders for failing to condemn Israel's war crimes in Gaza and the genocide carried out by Israeli Occupation Forces. In response, Hetz Ventures joined a coalition of Israeli venture capital firms issuing a joint statement announcing their boycott of the conference.

We, members of the Israeli high tech community, have made the decision to cancel sponsorship and will not attend the upcoming Web Summit. We cannot, in good conscience, participate in a conference whose leadership blames Israel for war crimes while Hamas terrorists committed one of the worst terror attacks in modern history,

Despite the CEO of Web Summit's statement presenting factual observations within the context of the atrocities (later confirmed by the UN) Israeli venture capitalists demanded unwavering support for their state, which was already engaged in the mass killing of civilians at the time.

Sources:

• Hetz Ventures Homepage
• +972 Magazine 'Lavender': The AI machine directing Israel's bombing spree in Gaza
• Calcalist Google Withdraws from Web Summit; Israeli VCs Unite in Joint Conference Boycott
• UN OHCHR UN Commission finds war crimes and crimes against humanity in Israeli attacks
• X Paddy Cosgrave

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