Intel Capital invests $117 million in additional than a dozen startups

Intel Capital these days introduced an funding of $117 million in 14 startups doing such things as making AI inference quicker, serving to producers deploy AI methods, construction semiconductors, and developing disruptive tech past AI in well being care and communications.

The corporations hail from China, Canada, Israel, the UK, and the US.

Corporations supported as a part of the announcement come with Landing AI, a company created by former Google Brain cofounder Andrew Ng that is helping producers follow AI to their industry practices, and Untether AI, which makes chips particularly for neural web inference.

An Intel Capital spokesperson declined to percentage explicit quantities invested in every startup. Intel Capital automatically invests between $300 million and $500 million once a year in startups developing distinctive, forward-thinking, or disruptive answers.

Different AI startups that gained backing these days come with:

  • Cloudpick, based totally in Shanghai, which makes use of deep studying and pc imaginative and prescient for ecommerce answers.
  • Medical Informatics, based totally in Houston, which makes use of device studying and information to deliver predictive insights to affected person care.
  • Zhuhai Eeasy Technology, based totally in Zhuhai, China, which makes AI methods for media-related use instances for deployment at the edge, equivalent to video encoding and symbol processing.

Whilst nearly all of the 14 firms being supported through Intel Capital are developing services and products associated with synthetic intelligence, different firms are in numerous fields, equivalent to Polystream, which delivers 3-d packages for video video games within the cloud; Pixeom, which is helping purchasers set up large-scale hybrid cloud and edge computing; and Tibit Communications, which makes a tool to give a boost to Ethernet web connections.

The inside track used to be shared these days at Intel Capital’s World Summit, a meeting for challenge capitalists and marketers now in its 19th 12 months, which is going down this week in Phoenix, Arizona.

Intel additionally introduced these days at World Summit an funding in hbcu.vc, a nonprofit group that is helping scholars from traditionally black schools and universities, in addition to Hispanic scholars, be told extra about challenge capital and entrepreneurship.

Leave a Reply

Your email address will not be published. Required fields are marked *