Intel Capital Invests $132 Million in 11 Disruptive Technology Startups
May 12 2020 - 09:00AM
Business Wire
What’s New: Intel Capital, Intel Corporation’s global
investment organization, announced today new investments totaling
$132 million in 11 technology startups. These companies bring to
market breakthrough innovations in artificial intelligence (AI),
autonomous computing and chip design. The companies joining Intel
Capital’s portfolio are Anodot, Astera Labs, Axonne, Hypersonix,
KFBIO, Lilt, MemVerge, ProPlus Electronics, Retrace, Spectrum
Materials and Xsight Labs.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200512005179/en/
Intel Capital, Intel Corporation’s global
investment organization, announced on May 12, 2020, new investments
totaling $132 million in 11 technology startups. (Credit: Intel
Corporation)
“Intel Capital identifies and invests in
disruptive startups that are working to improve the way we work and
live. Each of our recent investments is pushing the boundaries in
areas such as AI, data analytics, autonomous systems and
semiconductor innovation. Intel Capital is excited to work with
these companies as we jointly navigate the current world challenges
and as we together drive sustainable, long-term growth.” -- Wendell
Brooks, Intel senior vice president and president of Intel
Capital
Intel Capital’s New Investments:
- Anodot (Redwood City, Calif.) uses machine learning to drive
the future of analytics — autonomous business monitoring. Fortune
500 companies across telco, finance and digital sectors rely on
Anodot’s real-time, contextual alerts to catch the incidents that
impact revenue and costs. Examples include drops in success rate,
customer incidents, app performance and other business metrics. By
helping business users find and fix incidents quickly, Anodot helps
customers cut incident management by as much as 80%.
- Astera Labs (Santa Clara, Calif.) is a fabless semiconductor
company that develops purpose-built connectivity solutions for
data-centric systems to remove performance bottlenecks in
compute-intensive workloads such as artificial intelligence and
machine learning. The company’s product portfolio includes
system-aware semiconductor integrated circuits, boards and services
to enable robust connectivity for PCI Express® (PCIe®) and Compute
Express Link™ (CXL) solutions.
- Axonne(Sunnyvale, Calif.) develops next-generation high-speed
Ethernet network connectivity solutions for automobiles. Axonne’s
solutions integrate systems in the connected car, such as
autonomous driving sensors and displays with compute clusters. The
company’s proprietary mixed signal circuits, algorithms and digital
signal processing help with demanding applications, such as
autonomous driving and infotainment, that require a high degree of
functional safety, reliability, security and electric
vehicle-friendly power efficiency. These solutions also help to
ease the transition of in-vehicle legacy electrical/electronic
architectures to scalable and adaptable service-based zones and
beyond.
- Hypersonix (San Jose, Calif.) is an AI-powered autonomous
analytics platform designed for consumer industries such as retail,
restaurants, hospitality and ecommerce. Decision-makers need
real-time actionable insights from disparate data sources, such as
regional business performance or web traffic. Hypersonix’s platform
empowers customers to make faster and smarter decisions that drive
profitability, productivity and customer engagement through simple
voice and text search, data visualization and interpretation.
- KFBIO(Zhejiang, China) is a biotech company that builds digital
pathology systems. Its pathology scanner improves on traditional
microscopes with digital capabilities and connectivity. KFBIO’s
medical image processing uses big data, cloud computing and AI to
quickly and reliably scan and digitize images, making them easier
to share for remote consultation with experts, and improve speed
and accuracy of AI-aided pathologist diagnoses.
- Lilt(San Francisco) aims to make the world’s information
accessible to all with AI-powered language translation software and
services. Traditional translation services can be time-consuming
and costly – impeding companies from translating all the
information that could be useful. Lilt’s software provides
accurate, localized and cost-effective translation. Combining
adaptive neural machine translation technology, a translation
management system and professional translators, Lilt enables
organizations to use language translation to scale their
localization programs, accelerate go-to-market strategies and
improve the global customer experience.
- MemVerge (Milpitas, Calif.) is a software company founded on
the vision that every application should run in memory. MemVerge's
Memory Machine™ software is the foundation for a new era of Big
Memory computing, providing petabyte-size pools of shared
persistent memory and powerful data services so that data-centric
applications such as AI, machine learning, financial market data
analytics and high-performance computing are easier to develop and
deploy. MemVerge's Big Memory software lowers the cost of memory,
allows it to scale out and makes it highly available with memory
data services such as ZeroIO™ snapshot, memory replication, and
lightning-fast recovery.
- ProPlus Electronics(Shandong, China) is an electronic design
automation (“EDA”) company, specializing in advanced device
modeling and fast circuit simulation solutions. ProPlus helps to
close the divide between design and manufacturing with software
that makes chip design faster and fabrication yields higher,
allowing the semiconductor industry to create more powerful and
diverse products.
- Retrace(San Francisco) believes that smarter, more innovative
use of dental data is essential for reducing the oral disease
burden. Retrace applies artificial intelligence and other advanced
technology in its predictive analytics platform that uses real-time
data to improve dental decision-making. Retrace empowers health
plans, providers, and patients to create a more cost-effective,
evidence-based oral healthcare experience.
- Spectrum Materials (Fujian, China) is a high-purity specialty
gas and material supplier for semiconductor fabs. It has one of the
largest germane production bases in Quanzhou, Fujian. Led by
veteran industry experts, Spectrum Materials is dedicated to
providing critical specialty gas and material solutions for
advanced process node applications of multiple leading fabs around
the world.
- Xsight Labs (Kiryat Gat, Israel) develops innovative technology
for accelerating next generation, cloud-based, data-intensive
workloads such as machine learning, data analytics and
disaggregated storage. In this data-centric era with exponential
bandwidth growth, Xsight provides new chipset designs that enhance
scalability, performance and efficiency.
Why It Is Important: Intel Capital continues to
accelerate and develop technology and innovation that will enrich
lives and how people work:
- Intel Capital is on track to invest between $300 million and
$500 million in technology companies in 2020, spanning technology
domains in artificial intelligence, intelligent edge and network
transformation. These technologies will bring broad transformations
to industries such as healthcare, automotive and consumer goods.
Intel Capital continues to partner with and add value to companies
of all stages that make a difference.
- Intel Capital believes a diverse workforce enhances innovation,
and its investments reflect this. In 2019, Intel Capital made 32
percent of its new investments in startups led by women,
underrepresented minorities, members of the LGBTQ community,
entrepreneurs living with disabilities and/or veterans, up from 18
percent in 2018. In 2015, Intel Capital announced its goal to
invest $125 million over five years in companies with diverse
leadership. That goal was achieved two years early in 2018; as of
the first quarter of 2020, Intel Capital reached a new milestone,
surpassing $300 million invested since publicly announcing its
initiative.
- Intel Capital is committed to bringing resources and expertise
to accelerate the work of these teams and the realization of
potentially world-changing technologies. In 2019, Intel Capital
invested $466 million in 36 new investments and 35 follow-on
investments, led 72% of its deals and had 22 successful exits. It
delivered active support to advise entrepreneurs to build
successful and scalable businesses through mentorship,
collaborative innovation, go-to-market strategies, company board
membership and facilitation of more than 3,000 portfolio
introductions to Global 2000 decision-makers.
More Context: Intel Capital | Intel Capital News
About Intel Capital
Intel Capital invests in innovative startups targeting
artificial intelligence, autonomous vehicles, datacenter and cloud,
5G, next-generation compute and a wide range of other disruptive
technologies. Since 1991, Intel Capital has invested US$12.9
billion in more than 1,582 companies worldwide, and 692 portfolio
companies have gone public or participated in a merger. Intel
Capital curates thousands of business development introductions
each year between its portfolio companies and 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.
About Intel
Intel (Nasdaq: INTC) is an industry leader, creating
world-changing technology that enables global progress and enriches
lives. Inspired by Moore’s Law, we continuously work to advance the
design and manufacturing of semiconductors to help address our
customers’ greatest challenges. By embedding intelligence in the
cloud, network, edge and every kind of computing device, we unleash
the potential of data to transform business and society for the
better. To learn more about Intel’s innovations, go to
newsroom.intel.com and intel.com.
© Intel Corporation. Intel, the Intel logo and other Intel marks
are trademarks of Intel Corporation or its subsidiaries. Other
names and brands may be claimed as the property of others.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200512005179/en/
Alan Auyeung (WE Communications for Intel Capital)
ICAP@we-worldwide.com
Intel (NASDAQ:INTC)
Historical Stock Chart
From Feb 2024 to Mar 2024
Intel (NASDAQ:INTC)
Historical Stock Chart
From Mar 2023 to Mar 2024