We are happy to announce the appointment of Dr. Ayal Itzkovitz as a Managing General Partner. Itzkovitz who spent three years as a Venture Partner in Pitango, closes a circle, since Pitango was the only VC who backed the company he successfully founded and sold.
Ayal is highly experienced in many aspects of technology investment, both as an entrepreneur and as an investor; Ayal earned his PhD in Computer Science from the Technion before the age of 25, he then became a faculty member at New York University working on breakthrough technologies in the areas of Cloud Computing. He was one of the first developers in Microsoft’s first R&D center outside of the US; In the academia - his applied research work was published and extensively cited in prominent journals, and being used by large corporations.
As an entrepreneur, he co-founded Convergin, who was solely backed by Pitango. Convergin was acquired by Oracle in 2010, has become part of Oracle's development centers in Israel, and Ayal was appointed Vice President at Oracle. After completing his position at Oracle, Eyal joined Pitango as Venture Partner.
Along with his involvement in entrepreneurship and investments, Ayal serves on various Boards and Advisory Boards which include the Technion’s Computer Science Department Industry Advisory Board, and SpaceIL. Until recently Ayal served on the Board of Directors of Israel Aerospace Industries (IAI).
Chemi Peres, Managing General Partner, Co-Founder, Pitango: "Over the past three years, Ayal has worked with us on investments in software, Artificial Intelligence and SaaS, bringing an entrepreneurial perspective, along with knowledge and experience in establishing new companies from the ground up to exit. Having Ayal on board as a Managing Partner is great news for Pitango partnership in general and to the early stage investment fund in particular".
Dr. Ayal Itzkovitz: "I’m fascinated by working with the best teams in the world on ground-breaking disruptive technologies, and bringing my experience, network, and guidance in helping them prosper. Pitango has been partnering with Israel’s most prominent entrepreneurs for more than two decades and has an unprecedented experience in the Israeli high-tech market. I’m looking forward to continuing the work with the Pitango team in extending the leadership of Pitango while adapting to the changes in the maturing venture capital space".
Eyal Niv, Managing General Partner, Pitango "Ayal’s deep understanding across the IT stack and in Artificial Intelligence will allow us to make even braver and younger investments, and help outstanding entrepreneurs create category leading companies".