Intel invests $117m into 14 disruptive startups
LONDON: Intel has invested $117 million in 14 tech start-ups developing emerging technologies such as new artificial intelligence applications, medical tech and green innovations.
For example, UK-based Polystream is experimenting with software-defined imaging technology to stream ultra-high definition graphics to more people globally, while Chinese retail tech business Cloudpick is improving customer experience by offering enhanced grab-and-go shopping experiences through computer vision, deep learning, sensor fusion, and edge computing technologies.
Untether AI is developing chipsets that can be used to promote the free flow of AI data through networks, Mighty Networks is focusing on community, training and subscription content and Medical Informatics Corps is disrupting the medical industry with its real-time, predictive critical care analytics platform.
Another major focus of Intel is revolutionising the manufacturing sector. The four companies receiving investment here are Landing AI, OnScale, Protean Techs and Qolibri.
“We believe in these companies and are excited to help them disrupt their industries by putting the weight of Intel behind them,” Wendell Brooks, Intel senior vice president and president of Intel Capital said. “Our investment is just the start of our work with each of them.”
“These companies are shifting the way we think about artificial intelligence, communications, manufacturing and health care – areas that will become increasingly essential in coming years as the linchpins of a smarter, more connected society.”
Every year, Intel invests between $300 million and $500 million into startups developing innovative tech to solve global challenges.
“Our continued goal is to leverage the global resources and expertise of the world’s greatest engineering company, and its ecosystem of customers and partners, to help these founders accelerate growth and innovation,” said Brooks.
