Intel Capital Announces $72 Million of New Investments in 12 Tech Startups

Intel Capital announced new investments totaling $72 million in 12 technology startups. With this new funding, their total investments have reached more than $115 million.

The companies joining Intel Capital’s portfolio are driving innovations that will shape the future of compute over the next decade. Those include AI-based conversational computing to speed the design of virtual assistants; a context-aware app improving the way people experience stadiums, theme parks, hotels and hospitals; and new processors that bring the power of machine learning to mobile devices.

“These innovative companies reflect Intel’s strategic focus as a data leader,“ said Wendell Brooks, Intel senior vice president and president of Intel Capital. “They’re helping shape the future of artificial intelligence, the future of the cloud and the Internet of Things, and the future of silicon. These are critical areas of technology as the world becomes increasingly connected and smart.“

Also at the 18th Intel Capital Global Summit the NBA and Intel Capital announced a sports and entertainment technology innovation collaboration. Additionally, Intel Capital announced it has surpassed, two and a half years ahead of schedule, its 2015 goal to invest $125 million in startups run by women and underrepresented minorities. Also unveiled was a new “Champions of Change“ strategy launched by 15 technology companies to advance gender equality by enabling women’s careers to thrive in the global tech industry.