Swish VC
About Swish VC
Swish Ventures is an early-stage venture capital firm located in Tel Aviv, Israel, founded in 2024 by former NBA player Omri Casspi. The firm focuses on seed-stage investments in technology startups, particularly in cybersecurity, cloud infrastructure, and artificial intelligence. Swish Ventures partners with a select number of exceptional founders each year, providing capital investment and strategic support to help startups grow.
The firm has raised a $60 million seed fund and a $100 million Opportunity Fund, totaling around $300 million in assets under management. Swish Ventures aims to in
Omri Casspi, the first Israeli to play in the NBA, launched Swish Ventures in December 2024 with a $60 million seed fund. Before that he co-founded the Sheva fund, which began in 2022 with David Citron and raised $36 million in its first year. Casspi described Swish as a new, independent fund built on what he refined at Sheva. Sequoia Capital is an anchor investor in the seed fund. Several Sheva-backed founders also invested, including those behind EON, Upwind and PointFive. Casspi is founder and managing partner. Ori Striechman, an alumnus of Unit 8200, is Head of Technology and Investments, and Dana Alexandrovich, formerly COO of Microsoft Israel, is Operating Partner. Sources differ on the founding year: PitchBook says 2024 and some press says 2025. Fund sizes have also grown since the existing profile was written. In September 2026 Swish raised a $250 million third fund, and reported total assets are now about $800 million.
Swish focuses on cybersecurity, cloud and AI infrastructure, and AI startups in Israel and North America. The third fund also lists physical AI, AI for industrial applications, defense and government technology. Casspi says Swish looks for teams in large categories, often serial entrepreneurs, and takes a hands-on role on fundraising, recruiting and business development. Reported portfolio companies include Cognition, EON, Upwind, Irregular, Applied Compute and Tenzai. In AI, Swish has joined seed rounds in AIR Security, which builds a firewall for AI agents, and Noetive, an AI lab for the physical economy. Casspi announced the Applied Compute investment on LinkedIn, describing its work on domain-specific AI agents.
Swish invests at seed. The $60 million seed fund planned about 10 startups at roughly $5 to $7 million each. The $100 million Opportunity Fund backs follow-on rounds. It targets about eight investments at an average of $10 million. The $250 million third fund plans about 12 early-stage companies, mainly at seed or Series A, with an average investment of about $20 million. Swish says it backs a small number of founders each year rather than many. It has not published a minimum check or an application process.
- Cognition: AI coding agents. Swish is listed as a portfolio company. The round and year are not confirmed.
- Applied Compute: builds domain-specific AI agents. The company was founded by former OpenAI researchers. Round size and year are not public.
- AIR Security: inline firewall for AI agents. It emerged from stealth in September 2026 with $50 million across two seed rounds. Sequoia led $10 million and Greenoaks led $40 million. Swish participated.
- Noetive: AI lab building the intelligence of record for the physical economy. It raised a $41 million seed in September 2026, led by Eclipse, with Swish participating.
- techcrunch.com/2024/12/02/omri-casppi-launches-60m-fund-for-cyber-clou
- ynetnews.com/business/article/hyifq9sxke
- jpost.com/business-and-innovation/article-880041
- calcalistech.com/ctechnews/article/hytdbmixyx
- dealroom.co/news/148680-omri-casspis-swish-ventures-raises-250m-for-it
- dealroom.co/news/148163-air-raises-50m-seed-to-build-a-firewall-for-ai
- app.dealroom.co/companies/air_security
- finance.yahoo.com/technology/ai/articles/noetive-emerges-stealth-41-mi
Investing activity
Swish VC appears in 3 AI deals tracked by the Lounge deals desk, rounds totalling $131M. The rounds are mostly Seed, with a median round size of $41M and the largest at $50M. The most recent are Noetive (Seed, $41M, Sep 2026), AIR (Seed, $50M, Sep 2026) and AIR Security (Seed, $40M, Aug 2026).
Swish VC most often invests alongside Zach Frankel, Anne Neuberger, Omer Adam and Yinon Costica, and the companies it backs on Lounge are mostly in AI.
Deals
Frequently asked questions about Swish VC
What stage does Swish Ventures invest in for AI startups?
Mainly seed, and Series A in its third fund. The Opportunity Fund backs follow-on rounds in existing portfolio companies.
How large are Swish Ventures' checks?
The seed fund planned about $5 to $7 million per deal, and the Opportunity Fund averages about $10 million. The third fund targets an average of about $20 million.
Who leads AI investing at Swish Ventures?
Omri Casspi is founder and managing partner. Ori Striechman is Head of Technology and Investments, and Dana Alexandrovich is Operating Partner.
Which AI companies has Swish Ventures backed?
Reported names include Cognition, Applied Compute, AIR Security and Noetive. Its cyber and infrastructure portfolio includes EON, Upwind, Irregular and Tenzai.
How big is Swish Ventures?
It raised a $60 million seed fund in December 2024 and a $100 million Opportunity Fund. In September 2026 it raised a $250 million third fund, bringing reported total assets to about $800 million.
What AI companies has Swish VC invested in?
Swish VC's AI investments include Noetive, AIR and AIR Security. The 3 rounds on Lounge are listed on this page with amounts, dates and co-investors.
Where is Swish VC based?
Swish VC is based in Tel Aviv-Yafo, Tel Aviv District, Israel.
What stage does Swish VC invest at?
In the rounds tracked on Lounge, Swish VC has invested at Seed, with a median round of $41M.
Who does Swish VC co-invest with?
Swish VC's most frequent co-investors on Lounge are Zach Frankel (2 deals), Anne Neuberger (2 deals), Omer Adam (2 deals), Yinon Costica (2 deals) and Netz Capital (2 deals).
How can founders reach Swish VC?
Founders on Lounge can see Swish VC's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Swish VC to their Investor Pipeline to track the conversation.