In an announcement, Infinity Augmented Reality, Inc. disclosed that its Director, Moshe Hogeg has co-founded a new venture capital fund named Genesis Angels.

Director Hogeg, a leading entreprenuer of Israel and CEO of Mobli were joined by other co-founders headed by former Prime Minister of Israel, Ehud Olmert and leading industrialist of Kazakhstan, Kengers Rakishev.

Genesis Angels will be concentrating on early phase investment in newly founded companies. The main focus of the company is investing in robotic modernization, enhanced reality, artificial intelligence and other comparable advanced stage development technologies. 

Director Hogeg disclosed in a recent interview, "It is clear to everyone that the next layer of technology will be augmented reality, artificial intelligence, and robotics. So we see a huge opportunity to invest in upcoming technologies in a very early stage right now."

Rakishev related that Genesis Angels had already raised "tens of millions" of dollars and if at this point a project is already at its advanced stage then the venture capital fund would aggressively proceed in financing it.

Director Hogeg added,' "An investment in augmented reality technologies will only benefit the future of Infinity AR. As a Director with Infinity AR, I know the incredible possibilities that exist with this technology."