Intel Capital to invest $132 million in 11 AI startups
Intel Capital Prepares to shell out $132M on 11 new applications companies
Fremont, CA: Intel Capital, the global investment organization of Intel, allotted a total of $132 million for investing in 11 startups that utilize AI, automation, and chipset design. The company follows last year in which the firm invested almost $466 million across all countries and 36 new companies (and 35 follow-on investments) and led 72 processes of its deals through 22 successful exits. In 2020, Intel Capital says it’s on track to invest around the same amount — between $300 million and $500 million — in startups specializing in AI, with a particular focus on intelligent edge devices and network transformation.
Intel doubling down on AI and machine learning is business as usual. CEO Bob Swan, during an earnings call last year, said that the company generated $3.8 billion in AI-based revenue and that he looks forward to the market opportunity reaching the $25 billion mark by 2024. To prepare itself for growth, Intel acquired Habana Labs, an Israel-based developer of programmable AI and machine learning accelerators for cloud data centers, along with Moovit, a mobility startup that could be central to Intel’s subsidiary Mobileye’s plans for a robo-taxi service.
Intel Capital’s extended investment portfolio encompasses Redwood City, California-based Anodot, which utilizes machine learning to perform autonomous business monitoring for clients across sectors like telco, finance, and digitalization. The startup’s platform works in real-time, contextual alerts to help spot incidents — drops in success rate, customer incidents, app performance, and business metrics — that would impact widely on revenue and costs. In fact, Anodot says it brings down incident management by almost 80 percent.
Astera Labs, another acquired branch of Intel Capital investment, is a fabless semiconductor enterprise that is headquartered in Santa Clara, California. The company develops purpose-built connectivity solutions for data-centric systems. Astera Labs aims to rid performance bottlenecks in compute-intensive workloads like AI and machine learning, with offerings that span system-aware semiconductor integrated circuits, boards and services, and more.
Hypersonic, another one of the Intel Capital’s Investments, has the ability to bolster the San Jose, California-based company’s autonomous analytics platform. This platform targets consumer industries like retail, restaurants, hospitality, and ecommerce. Through voice and text search and data visualization, Hypersonic provides real-time actionable insights from disparate data sources like regional business performance and website traffic.