Interwoven Ventures, an early-stage venture capital firm with a focus on robotics and artificial intelligence (AI), has been selected by the New Jersey Economic Development Authority (NJEDA) to co-invest in the state’s next generation of innovative startups.
The partnership, formalized under the New Jersey Innovation Evergreen and Venture Fund Investments Programs, is designed to channel both capital and operational expertise into New Jersey-based companies that are driving innovation across critical sectors, including manufacturing, logistics, healthcare, and transportation.
Interwoven Ventures specializes in advising founders and startups on AI’s transformative impact, particularly in areas like driving operational efficiencies, automation, predictive analytics, and AI-powered diagnostics.
Accelerating innovation and job creation
The collaboration is expected to accelerate job creation and innovation within New Jersey’s technology ecosystem.
Erez Agmoni, co-founder and General Partner of Interwoven Ventures, highlighted the firm’s hands-on approach. “At Interwoven, we don’t just write checks, we bring decades of operational experience, a deep industry network, and hands-on guidance in AI and Robotics,” Agmoni said. “The collaboration gives startups in New Jersey access to both capital and know-how to turn breakthrough ideas into lasting business.”
Tim Sullivan, NJEDA chief executive officer, noted that the partnership reinforces New Jersey’s status as a global hub for innovation. “Through the funding of Qualified Venture Firms such as Interwoven Ventures, this innovative program is fueling the growth of businesses, reinforcing New Jersey’s standing as a premier global hub for innovation,” he stated.
The NJEDA’s Innovation Evergreen Fund, established under Governor Murphy’s leadership, aims to create a self-sustaining investment cycle that attracts capital and empowers high-potential startups throughout the state. Founders building in the AI and Robotics space who are looking for investment are encouraged to connect with Interwoven Ventures.
