Yaron Elad and Elik Etzion Launch $100M Cybersecurity and AI Fund AlphaDrive

On May 5, 2026, Yaron Elad and Elik Etzion announced the launch of AlphaDrive, a $100 million fund focused on investments in cybersecurity and AI. The fund has already invested in five startups, leveraging the expertise of its founders, who have extensive backgrounds in venture capital and cybersecurity. Anchor investor Leumi Partners, along with other notable investors, supports the fund's mission to capitalize on the convergence of AI and cybersecurity. This initiative aims to address the evolving challenges in the cybersecurity landscape, particularly as AI technologies are increasingly utilized by both attackers and defenders. The fund plans to invest in companies at various stages, particularly those founded by Israeli entrepreneurs. The launch reflects a significant trend in the industry, where AI is reshaping business models and operational workflows in cybersecurity.

Key Points: • AlphaDrive is a $100 million fund launched by Yaron Elad and Elik Etzion. • The fund has already invested in five startups at the intersection of AI and cybersecurity. • Leumi Partners is the anchor investor, indicating strong institutional support for the initiative.