Intel has invested a $38 million sum in 12 technology startups through its VC arm, Intel Capital. The announcement was made at the company’s 17th annual Intel Capital Global Summit in San Diego, California. Interestingly, nearly all of the fund’s investments are into futuristic technologies including big data analytics, autonomous machines, augmented reality, and virtual reality.
Intel Capital is the VC arm of Intel and was founded in 1991 by Les Vadasz, and Avram Miller. The firm makes equity investments in tech-heavy startups and its portfolio includes over 1,400 companies in 54 countries.
The companies that are at the receiving end of the $38 million investment include:
- Chronocam (computer vision sensors and systems for autonomous navigation)
- Embodied (machine perception, cognition, and learning)
- Perrone Robotics (mobile autonomous robotics)
- Eazytec (smart city developer)
- Grand Chip Microelectronics (WLAN infrastructure, wireless connectivity and Internet of things)
- Paxata (data driven, transforms raw data into analysis ready business information)
- StealthMine (data insulation and encryption)
- CubeWorks (autonomous wireless sensing platform)
- Kinduct (cloud-based data and analytics software for enterprise and organization)
- K4Connect (uses smart technologies to help elders)
- Dysonics (immersive audio software and hardware product)
- InContext (insights for businesses to understand customer behavior)
Speaking on the topic, Wendell Brooks, Intel senior vice president and president of Intel Capital, said,
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. We’re excited to team with these visionary entrepreneurs developing breakthrough technologies to transform lives and industries.
The company has lately been laying a lot of focus on investing in startups that focus on health and sports and this latest funding spree reflects it as well. Intel Capital is known for placing its bets pretty cautiously and a large number of companies it has put money in, have been successful. At the last count, over 600 of the 1,400 or so companies that have received investments have gone public or participated in mergers and acquisitions.
The firm has invested almost $12 Billion till date.