NEWS HIGHLIGHTS
- The 17th annual Intel Capital Global
Summit convenes nearly 1,000 entrepreneurs, investors and business
luminaries to help shape the future of technology.
- More than $38 million of investments
announced in 12 startups across a range of innovative technologies,
including big data analytics, autonomous machines and AR/VR.
- Distinguished speakers include
Salesforce CEO Marc Benioff, Workday CEO Aneel Bhusri, PayPal
Chairman John Donahoe, Intel CEO Brian Krzanich, Verizon CEO Lowell
McAdam, former U.S. Senator Bill Bradley.
Intel Capital, Intel Corporation’s global investment
organization, announced today at the Intel Capital Global Summit
new investments totaling more than $38 million in 12 technology
startups. The companies joining Intel Capital’s portfolio are
driving innovation to enhance many facets of our lives – including
IoT solutions for seniors and disabled individuals, advanced audio
for 360-degree virtual reality systems, and human-like vision
systems for connected cars.
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View the full release here:
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Intel Capital announced $38 million of
new investments in 12 tech startups. Intel Capital president
Wendell Brooks welcomed CEOs of these startups at Intel Capital's
annual Global Summit on Monday, Oct. 24, 2016. The 2016 Intel
Capital Global Summit takes place Oct. 24-26 in San Diego,
California. (Source: Intel Corporation)
“Innovation is exploding as the world transforms into an
increasingly smart and connected place, where billions of devices
will be made even smarter by intelligence in the cloud,” said
Wendell Brooks, Intel senior vice president and president of Intel
Capital. “We’re excited to team with these visionary entrepreneurs
developing breakthrough technologies to transform lives and
industries.”
The 17th annual Intel Capital Global Summit, hosted this week in
San Diego, features a distinguished lineup of speakers that
includes: Marc Benioff, chairman and CEO of Salesforce.com; Aneel
Bhusri, co-founder and CEO of Workday; John Donahoe, chairman of
the board at PayPal; Brian Krzanich, CEO of Intel; Lowell McAdam,
chairman and CEO of Verizon; and Bill Bradley, former U.S. senator,
Olympian and NBA Hall of Famer. The event convenes nearly 1,000
entrepreneurs, investors and business luminaries for three days of
company-building, inspiration and learning from the minds behind
today’s most cutting-edge technology.
More details on Intel Capital’s new investments in 12 pioneering
startups:
Autonomous Machines
Chronocam* (Paris, France) develops innovative computer vision
sensors and systems for a variety of applications in autonomous
navigation and connected objects. Formed by the leading pioneers in
the field of neuromorphic vision, the company wants to establish a
new computer vision standard by unlocking a paradigm shift in
vision sensing and processing inspired by the human eye.
Embodied* (Pasadena, California, U.S.), co-founded by the former
CTO of iRobot*, maker of Roomba*, and a world-renowned professor of
robotics and neuroscience from the University of Southern
California, is developing state-of-the-art products that aim to
revolutionize robotics. Leveraging major recent advances in machine
perception, cognition and learning, its systems develop affordable
personal robots that improve human wellness and quality of
life.
Perrone Robotics* (Charlottesville, Virginia, U.S.) provides
software and solutions that make it easier to build robust mobile
autonomous robotics applications. Its technology helps researchers
and engineers develop their partial and fully autonomous vehicle
and robotics applications.
Data and Connectivity
Eazytec*1 (Jiangsu, China) is a smart city developer and service
provider with proprietary core firmware (BIOS) technology. Its
headquarters and research park, located in Yixing City, Jiangsu
Province, have been identified as a national science and technology
business incubator in China. The company specializes in application
software and firmware development, system integration, and data
center services.
Grand Chip Microelectronics* (aka Kangxi Communication
Technologies) (Shanghai, China) is committed to delivering
high-performance, high-linearity and highly integrated Wi-Fi
front-end devices for WLAN infrastructure, wireless connectivity on
cellular platforms and the Internet of Things.
Paxata* (Redwood City, California, U.S.) is the leading
enterprise-grade, self-service business information platform that
serves the needs of both the business consumer and IT. With Paxata,
business analysts, data engineers and data scientists are able to
instantaneously transform raw data to information ready for
business analysis with accuracy and efficiency. There is no need
for code or sampling as Paxata leverages a patent-pending, machine
learning, natural language processing and semantic text algorithm
technology built on a distributed, in-memory columnar pipeline
architecture for massive scale.
StealthMine* (Sunnyvale, California, U.S.) enables enterprise
applications to run on encrypted data. The technology provides full
data insulation against server, network, storage, database attacks
and insider compromises.
Sports and Health
CubeWorks* (Ann Harbor, Michigan, U.S.) delivers the next
generation in millimeter-scale computing with its Cubisens*
platform, which enables the first truly autonomous wireless sensing
platform measuring less than a millimeter. Cubisens systems are
able to sense and process their environment, wirelessly transmit
the results, or store them for later usage.
Kinduct* (Halifax, Canada) provides cloud-based data and
analytics software for sport organizations, military and public
safety units, physical medicine clinics, and health and wellness
institutions. With a client list that includes teams in all five
major sports leagues in North America, the Kinduct platform is
changing the way information shapes human performance by allowing
organizations to derive insights from multiple sources of data.
K4Connect* (Raleigh, North Carolina, U.S.) creates solutions
that serve older adults and individuals living with disabilities by
integrating the latest smart technologies and applications into a
single responsive system. Its first solution, K4Community*, is
specifically designed for residents of senior living communities,
creating smarter and healthier living environments, as well as
fostering family and community engagement, while also providing the
operators with the insights and analytics needed to offer
world-class care and hospitality.
Virtual Reality
Dysonics* (San Francisco, California, U.S.) leverages more than
20 years of academic research to deliver patented technologies that
yield lifelike 360-degree sound experiences over headphones.
Dysonics creates immersive audio software and hardware products for
capture, creation and playback of next-generation content including
virtual reality.
InContext Solutions* (Chicago, Illinois, U.S.) develops
scalable, cloud-based virtual reality solutions for retail that
provide important insights for manufacturers and retailers. The
company’s enterprise SaaS VR platform and services help brands
visualize new concepts and better understand shopper behavior in a
rapidly evolving retail space – more efficiently and
profitably.
A number of these investments were made under the auspices of
Intel Capital’s new Sports and Health focus, which uses a broad,
cross-disciplinary approach that spans multiple investing teams.
The new concentration reflects recent comments by Intel CEO Brian
Krzanich that “digitization is the biggest change in sports in
decades.” With Intel’s high-performance computing power, every
aspect of sports and wellness can now be captured as a piece of
data, measured and broadcast nearly in real time – fueling the
continued buildout of the cloud.
In addition, Brooks announced Monday the formation of the new
Intel Sports Group, which is focused on developing partnerships
with major sports leagues to leverage Intel technologies to create
new immersive experiences for fans. Brooks will oversee the
business unit and expects it will work closely with Intel Capital’s
Sports and Health effort.
This year’s Global Summit also showcased a variety of new
products from existing Intel Capital portfolio companies:
- Altia Systems*, creator of the
PanaCast* camera system, demonstrated the PanaCast 3D Virtual
Reality kit, which delivers 4K 3D videos with real-time, in-device
stitching.
- Braigo Labs*, founded by Shubham
Banerjee, one of the world’s youngest entrepreneurs, demonstrated a
new iOS smartphone app for the visually impaired that features
image recognition-to-text capabilities and converts text to
speech.
- Keyssa* demonstrated a high-speed
contactless connectivity solution for the 2-in-1 detachable market
segment. It delivers the high-speed I/O of a PC while preserving an
ultra-thin form factor.
- NetSpeed Systems* demonstrated a
machine learning-based interconnect platform for streamlining
system-on-chip (SoC) architectures and designs. Additionally,
NetSpeed Systems CEO Sundari Mitra announced the completion of a
$10 million Series C investment round led by Intel Capital.
For more information, visit our newsroom:
https://newsroom.intel.com
About the Intel Capital Global Summit
The Intel Capital Global Summit is the venture industry’s
pre-eminent technology networking event. The 2016 event brings
together nearly 1,000 attendees from Intel Capital portfolio
companies, tech industry thought leaders and Intel customers and
partners from around the world. The Intel Capital Global Summit
2016 is sponsored by Accenture, KPMG, Crystal & Company, the
government of Canada, Kingsley Gate, NASDAQ, Needham & Company,
Silicon Valley Bank and TriNet.
About Intel Capital
Intel Capital, Intel's strategic investment and M&A
organization, backs innovative startups targeting computing and
smart devices, cloud, datacenter, security, the Internet of Things,
wearable and robotic technologies and semiconductor manufacturing.
Since 1991, Intel Capital has invested more than US$11.8 billion in
1,478 companies worldwide, and 617 portfolio companies have gone
public or been acquired. Through its business development programs,
Intel Capital curates thousands of introductions each year between
its portfolio executives and Intel's customers and partners in the
Global 2000. For more information on what makes Intel Capital one
of the world’s most powerful venture capital firms, visit
www.intelcapital.com or follow @intelcapital.
1Intel Capital has agreed to invest, subject to receipt of
regulatory approvals.
Intel and the Intel logo are trademarks of Intel Corporation in
the United States and other countries.
*Other names and brands may be claimed as the property of
others.
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version on businesswire.com: http://www.businesswire.com/news/home/20161024006459/en/
Intel CorporationPeter Delevett,
408-653-8715peter.delevett@intel.com
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