© firaxissmooke dreamstime.com General | April 02, 2019
Intel Capital to flow USD 100+ million to 14 disruptive tech startups
Intel Capital, the global investment arm of Intel Corporation, chose the annual Intel Capital Global Summit to announce its influx of USD 117 million into 14 disruptive technology startups.
The Phoenix event being held this week is the venture industry’s premier technology networking gathering. A press release stated the companies joining Intel Capital’s portfolio “are creating powerful artificial intelligence (AI) platforms; new ways to see and analyze materials for the built world and our bodies; more efficient and greener manufacturing technologies; and disruptive new approaches to chip design.” The investments advance Intel Capital’s plan to take increasingly larger and more strategic positions in portfolio startups. Intel Capital puts USD 300 - 500 million annually into innovative companies across a wide range of emerging technologies. Intel Senior VP and Intel Capital President Wendell Brooks said, “Intel has driven disruption for the last 50 years, changing the way we live by making computing ubiquitous. Intel Capital is continuing that legacy of disruption with these investments. These companies are shifting the way we think about artificial intelligence, communications, manufacturing and health care – areas that will become increasingly essential in coming years as the linchpins of a smarter, more connected society.” The 14 disruptive startups who will be receiving funding represent four industries: AI, communications, healthcare, and manufacturing. The manufacturing line-up includes Landing AI, which provides AI-powered SaaS solutions and corporate-level AI transformation programs designed to turn enterprises into AI companies; ProteanTecs, an Israel-based developer of revolutionary universal chip telemetry for electronic systems throughout their lifecycle, increasing performance and reliability; OnScale, a Silicon Valley company that offers on-demand scalable engineering simulation software for multiple technologies, including MEMS IoT, 5G, biomedicine and autonomous vehicles; and Qolibri Inc., a Northern California company developing proprietary solutions that address problems in semiconductor subfabs, leading to substantially reduced chip manufacturing costs with positive environmental impact. The remaining companies receiving funds are Cloudpick Limited; SambaNova Systems; Untether AI; and Zhuhai EEasy Technology Co. Ltd. (AI); Mighty Networks; Pixeom; Polystream; Tibit Communications (Communications); Medical Informatics Corp.; Reveal Biosciences Inc. (Healthcare).