Intel Capital pledges $72 million in dozen tech startups

Funding News

Intel Capital, announced yesterday at the Intel Capital Global Summit new investments totaling $72 million in 12 technology startups. With this new funding, Intel Capital’s year-to-date 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.

Wendell Brooks

“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.”

Brooks also noted that this latest group of investments reflects Intel Capital’s strategy to make larger investments in new portfolio companies. “Whether through access to Intel technology, introductions to our worldwide partners or added engineering resources, we’re focused on driving new levels of success for our entrepreneurs,” he said.

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