Intel Capital Bets Big—$117M Investment in 14 Tech Startups
PHOENIX—Intel continues to bet big on new technologies, specifically tech startups funded by its venture capital arm, Intel Capital. On April 1 at its annual Intel Capital Global Summit conference here, the company announced that it’s invested $117 million in 14 tech startups. Since its founding in 1991, Intel Capital has invested $12.4 billion in 1,544 companies.
The 14 startups all offer disruptive solutions in one of four areas: artificial intelligence, communications, health care and manufacturing.
AI startups include SambaNova Systems, a Palo Alto, Calif.,-based company building what it says is the industry’s most advanced systems platform to run AI applications. The company’s stated mission is to bring AI innovations discovered by deep research in academic circles and elsewhere to enterprises and organizations across a range of industries. “We are bringing together a solution that goes from silicon to algorithms that runs on a general-purpose computing platform,” said Rodrigo Liang, CEO and co-founder of SambaNova Systems.