Intel Capital is investing $132 million in 11 technology startups with expertise in artificial intelligence, machine learning and autonomous computing.
The chip giant through its venture arm is aiming to invest between $300 million to $500 million in technology companies in 2020. The Intel portfolio is looking for startups with a focus on AI, edge computing, analytics and networking.
- Intel acquires public transport journey planner Moovit in $900 million deal
- Intel launches 10th gen Intel Core desktop processor with perks for gaming, video editors
- Intel reports strong Q1 with solid growth in cloud service provider sales
A few AI driven investments include:
- Anodot, a startup focused on autonomous business monitoring via machine learning. Anodot is designed to catch incidents that impact costs such as app performance, customer incidents and success rate drops.
- Hypersonix, which is developing an AI driven autonomous analytics platform for retail, restaurants, hospitality and e-commerce.
- KFBIO, a biotech company that processes medical images with big data, cloud and AI to improve on traditional microscopes.
- MemVerge, which aims to make every application run in memory so they can handle more data workloads.
- Xsight Labs, which accelerates cloud-based data intensive workloads.
In 2019, Intel Capital invested $466 million in 36 new investments and 35 follow-on investments and had 22 successful exits. Since forming in 1991, Intel Capital has invested $12.9 billion in 1,582 companies.