Intel Invests $132 Million in 11 Disruptive Technology Startups
Intel announced new investments totaling $132 million in 11 technology startups. These companies bring to market breakthrough innovations in 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.
“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,” said Wendell Brooks, Intel senior vice president and president of Intel Capital.
Intel 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. The company said it continues to partner with and add value to companies of all stages that make a difference.