intel capital announces $117 million of new investments in
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NewsReleaseApril1,2019
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NEWSHIGHLIGHTS
AtIntelCapital
GlobalSummitthisweek,morethan600
entrepreneurs,venturecapitalistsandtechindustryleadersaregatheredtoshapethefutureoftechnology.
Today’sfundingnewssetsarecordforinvestmentsannouncedattheGlobalSummit,nowinits19 year,andfurtherdemonstratesIntel’scommitmenttobuildingthefuture.
SpeakersattheannualeventincludetheCEOsofIntelandCadenceDesignSystems;co-foundersofPinterestandRedHat;formerheadsofNORADandFCC.
PHOENIX,April1,2019–IntelCapital,IntelCorporation’sglobalinvestmentorganization,announcedtodayattheIntelCapitalGlobalSummitnewinvestmentstotaling$117millionin14disruptivetechnologystartups.
The14companiesjoiningIntelCapital’sportfolioarecreatingpowerfulartificialintelligence(AI)platforms;newwaystoseeandanalyzematerialsforthebuiltworldandourbodies;moreefficientandgreenermanufacturingtechnologies;anddisruptivenewapproachestochipdesign.
More:2019IntelCapitalGlobalSummit(PressKit)
“Intelhasdrivendisruptionforthelast50years,changingthewaywelivebymakingcomputeubiquitous.IntelCapitaliscontinuingthatlegacyofdisruptionwiththeseinvestments,”saidWendellBrooks,IntelseniorvicepresidentandpresidentofIntelCapital.“Thesecompaniesareshiftingthewaywethinkaboutartificialintelligence,communications,manufacturingandhealthcare–areasthatwillbecomeincreasinglyessentialincomingyearsasthelinchpinsofasmarter,moreconnectedsociety.”
TheinvestmentsextendIntelCapital’srecentstrategyoftakinglarger,morestrategicpositionsinportfoliostartups.Eachyear,IntelCapitalputs$300millionto$500millionintoinnovativecompaniesacrossawiderangeofemergingtechnologiesmakingtheimpossiblepossible.
“Ourcontinuedgoalistoleveragetheglobalresourcesandexpertiseoftheworld’sgreatestengineeringcompany,anditsecosystemofcustomersandpartners,tohelpthesefoundersaccelerategrowthandinnovation,”Brookssaid.
Furtheringitscommitmenttodiversityandinclusion,IntelCapitalandIntelGlobalDiversityandInclusionalsoannouncedasponsorshipofHBCUvc*,anonprofitthattrainsstudentsatHistoricallyBlackCollegesandUniversities(HBCUs)andHispanic-ServingInstitutions(HSIs)aboutventurecapitalandtechnologyentrepreneurship.HBCUvcprovidesstudents
th
skillstraining,mentorshipandthechancetobuildprofessionalrelationshipswithseasonedinvestorsandentrepreneurs.ItsVentureCapitalClinicempowersstudentfellowstoputwhatthey’velearnedintopracticeandfuelhigh-growthentrepreneurshiponcampus.IntelCapitalandIntelwillpartnerwithHBCUvctoprovidementoring,trainingandreal-worldexperiences.
TheIntelCapitalGlobalSummitconvenesmorethan600entrepreneurs,ventureinvestorsandGlobal2000businessleadersforthreedaysofnetworking,company-buildingandinspiration.Thisyear’slineupofspeakersincludesRobertSwan,IntelCEO;ReedHundt,CoalitionforGreenCapital*CEOandformerFCCchairman;PaulSciarra,Pinterest*co-founderandJobyAviation*executivechairman;AichaEvans,Zoox*CEO;Lip-BuTan,CadenceDesignSystemsCEO;BobYoung,RedHat*co-founder;andGeneralLoriRobinson(retired),commander,NorthAmericanAerospaceDefenseCommand(NORAD).
MoredetailsonIntelCapital’snewinvestmentsin14disruptivestartups:
DisruptingArtificialIntelligence
CloudpickLimited*(Shanghai,China)isasmartretailtechnologyprovider.Withproprietarycomputervision,deeplearning,sensorfusionandedgecomputingtechnologies,Cloudpickenableshighlydigitized,intelligent,cashier-freestoreswithgrab-and-goshoppingexperiences.Cloudpickhascollaboratedwithe-commercecompanies,traditionalretailersandpaymentpartnersworldwidetoupgrademanybrick-and-mortarstores’shoppingexperiences.
SambaNovaSystems*(PaloAlto,California,U.S.)isarapidlygrowingSiliconValley-basedcompanybuildinganadvancedsystemsplatformtorunAIapplications.FoundedbyindustrypioneersandexpertsinsystemshardwareandsoftwaredesignfromOracle,SunMicrosystemsandStanfordUniversity,SambaNovaSystems’missionistobringAIinnovationsdiscoveredindeepresearchtoenterprisesandorganizationsinallindustriesaroundtheworld,creatingAIforeveryone,everywhere.
UntetherAI*(Toronto,Ontario,Canada)isdevelopingultra-efficient,high-performanceAIchipsthatwillbethefoundationforthenextwaveofinnovationinAI.UntetherAIhasinventedanentirelynewtypeofchiparchitecturethatisspecificallydesignedforneuralnetinferencebyeliminatingbottlenecksindatamovement.Thisuniquearchitecturemovesdata1,000timesfasterthantraditionalarchitectures,resultinginextremeperformanceandefficiency.Thecompanywasfoundedbyateamofscientists,engineersandexperiencedentrepreneurswhohavesuccessfullybroughttomarketmorethan1billionchips.
ZhuhaiEEasyTechnologyCo.Ltd.*(Zhuhai,China)isanAIsystem-on-chip(SoC)designhouseandtotalsolutionprovider.ItsofferingsincludeAIacceleration;imageandgraphicprocessing;videoencodinganddecoding;andmixed-signalULSIdesigncapabilities.ItsAISoCstargetingvideo,automotiveandsmartdeviceswillentermass-productioninlate2019.
DisruptingCommunications
MightyNetworks*(PaloAlto,California,U.S.)isdesignedforbrandsandbusinessestobringpeopletogetherbyofferingcommunity,content,onlinecoursesandsubscriptioncommerceinoneplace.Thecompanyisuniqueinservinganewbreedofdigitallynative“creatorswithapurpose”sellingexperiences,connectionsandexpertisetotheirfollowers–anemergingcategoryofdigitalservicescalledExperientialCommerce.
Pixeom*(SantaClara,California,U.S.)isredefininghowenterprisesmanagehybridcloudresourceswithitsedgecomputingsoftwareplatformthatre-createsandorchestratescloudfunctionalityon-premise.Itmakesiteasytodeployandmanagelarge-scale,geographicallydistributedinfrastructureandworkloads.
Polystream*(Guildford,U.K.)isadeep-techstartupfundamentallychanginghowvideogamesanddemanding3Dapplicationsaredeliveredviathecloud.Polystream’stechnologyenablesinteractivegraphicscontenttobestreamedatunprecedentedscale,withtrulyglobalreach.
TibitCommunications*(Petaluma,California,U.S.)isdevelopingnext-generationdevicestoprovideabroadbandonramptothehome,officeorcellsite,managedvirtuallyfromthecloudtotheuser.TibitreplacesdedicatedhardwareboxesincarrierandenterprisenetworkswithasmallmoduleconnectedtoastandardEthernetswitch–providingsignificantsavingsofcost,powerandspace.
DisruptingHealthcare
MedicalInformaticsCorp.*(Houston,Texas,U.S.)isasoftware-basedmonitoringandanalyticscompany.ItsrevolutionarySickbay*platformarchives,aggregatesandtransformsotherwisenot-recorded,high-resolutionwaveformdataacrossdisparatedevicestoenableanywhere,anytimeremotemonitoringacrossthecontinuumofcare.ThesameplatformcanthenbeleveragedtousemachinelearningandAItodeployreal-time,predictive,criticalcareanalyticsthatgetaheadofdeteriorationandriskandenabledata-drivenmedicineandpatient-centeredcare.
RevealBiosciences,Inc.*(SanDiego,California,U.S.)iscreatinganewgenerationofdata-poweredpathologytoimproveglobalhealthcare.ImageDx,aproprietarydeep-learningplatform,deliverspathologistsandscientistsanovelclassofactionable,quantitativedatatoaccelerateresearchandenhancepatientcare.
DisruptingManufacturing
LandingAI*(PaloAlto,California,U.S.)providesAI-poweredSaaSsolutionsandcorporate-levelAItransformationprogramstoturnenterprisesintoAIcompanies.FoundedbyDr.AndrewNg,theLandingAIteamenablescompaniesin
industries,includingmanufacturingandagriculture,todevelopandexecutecohesiveAIstrategies.
OnScale*(Cupertino,California,U.S.)offerson-demandscalableengineeringsimulationsoftware,empoweringengineerstoaccelerateinnovationacrossmultipleindustries,includingnext-generationtechnologiessuchasMEMSIoT,5G,biomedicineandautonomousvehicles.OnScalecombinespowerfulmultiphysicssolvertechnology,usedandvalidatedbyFortune50companiesforover30years,withthespeedandflexibilityofcloudhigh-performancecomputing(HPC).Byremovingtheconstraintsoflegacysimulationtools,OnScaleallowsengineerstodramaticallyreducecost,riskandtimetomarketforcutting-edgetechnologies.
proteanTecs*(Haifa,Israel)developsrevolutionaryUniversalChipTelemetry*forelectronicsystemsthroughouttheirentirelifecycle,increasingtheirperformanceandreliability.Byapplyingmachinelearningtonoveldatacreatedbyembeddedagents,proteanTecsprovidesmeaningfulinsightsunattainableuntiltoday,leadingtonewlevelsofquality,reliabilityandscale.
Qolibri,Inc.*(Roseville,California,U.S.)isacreativetechnicalcompanydevelopingbreakthroughproprietarysolutionsthataddressproblemsinsemiconductorsubfabs.TheQolibriteamhasextensiveexpertiseinsemiconductorcapitalequipmenttechnologyandrenewableenergy.Qolibritechnologieswillchangethelandscapeofthesubfab,leadingtosubstantiallyreducedchipmanufacturingcostswithpositiveenvironmentalimpact.
“WebelieveinthesecompaniesandareexcitedtohelpthemdisrupttheirindustriesbyputtingtheweightofIntelbehindthem,”Brookssaid.“Ourinvestmentisjustthestartofourworkwitheachofthem.”
Formoreinformation,visitourIntelNewsroomPressKit.
Tags:2019IntelCapitalGlobalSummit,IntelCapital
AboutIntelCapital
IntelCapitalinvestsininnovativestartupstargetingartificialintelligence,autonomoustechnology,datacenterandcloud,5G,next-generationcompute,andawiderangeofotherdisruptivetechnologies.Since1991,IntelCapitalhasinvestedUS$12.5billioninmorethan1,550companiesworldwide,and670portfoliocompanieshavegonepublicorparticipatedinamergeroracquisition.IntelCapitalcuratesthousandsofbusinessdevelopmentintroductionseachyearbetweenitsportfoliocompaniesandtheGlobal2000.FormoreinformationonwhatmakesIntelCapitaloneoftheworld’smostpowerfulventurecapitalfirms,visitwww.intelcapital.comorfollow@Intelcapital.
AboutIntel
Intel(NASDAQ:INTC),aleaderinthesemiconductorindustry,isshapingthedata-centricfuturewithcomputingandcommunicationstechnologythatisthefoundationoftheworld’sinnovations.Thecompany’sengineeringexpertiseishelpingaddresstheworld’sgreatestchallengesaswellashelpingsecure,powerandconnectbillionsofdevicesandtheinfrastructureofthesmart,connectedworld–fromthecloudtothenetworktotheedgeandeverythinginbetween.FindmoreinformationaboutIntelatnewsroom.intel.comandintel.com.
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