Intel invests $60m into 15 tech startups

Intel Capital's latest round suggests the company has shrugged off rumours of a portfolio sell-off

Intel's investment arm, Intel Capital, has announced it has sunk $60 million (45 million) into 15 startups to work on solutions to problems with big data, bringing its total startup investment this year to $566 million (429 million).

Intel Capital has a long history of supporting new businesses and since 1991, it's apparently invested $12.2 billion (9.25 billion) in aroud 1500 companies. However, it went through a rather dry patch last year, when it was suggested the company should sell off ts entire startup portfolio. However, the management decided to restructure the business instead and so the investment continues.

The latest beneficiaries of Intel's cash inecton include a diverse range of companies, such as Amenity Analytics, Bigstream, and EchoPixel, which are all US-based, as well as Canada's AdHawk Microsystems, China's Horizo Robotics, Japan's LeapMind and Intezer and Alcide, both of which are headquartered in Israel. 

The startups cover data analytics, AI and neural networks, security, robots and software to help a cross-section of industries, including medical, retail and sports sectors.

"The world is undergoing a data explosion," said Wendell Brooks, Intel SVP and president of Intel Capital. "By 2020, every autonomous vehicle on the road will create 4TB of data per day. A million self-driving cars will create the same amount of data every day as 3 billion people. 

"As Intel transitions to a data company, Intel Capital is actively investing in startups across the technology spectrum that can help expand the data ecosystem and pathfind important new technologies."

Although the startups involved represent a diverse set of nationalities, there's a distinct lack of investment in European startups in this round. However, Intel Capital did want to stress that women lead around 10% of the companies it's investing in, which wil come as pleasing news to equality campaigners. However, internally the story is a little different, as despite claming to be on track to have a employee diversity that mirrors the US population by 2020, the company has made very little progress towards this goal, according to figures published in August

Image: Bigstock

Featured Resources

Unleashing the power of AI initiatives with the right infrastructure

What key infrastructure requirements are needed to implement AI effectively?

Download now

Achieve today. Plan tomorrow. Making the hybrid multi-cloud journey

A Veritas webinar on implementing a hybrid multi-cloud strategy

Download now

A buyer’s guide for cloud-based phone solutions

Finding the right phone system for your modern business

Download now

The workers' experience report

How technology can spark motivation, enhance productivity and strengthen security

Download now

Recommended

Intel buys data science startup Cnvrg.io
artificial intelligence (AI)

Intel buys data science startup Cnvrg.io

4 Nov 2020
Can Pat Gelsinger get Intel back on track?
chief executive officer (CEO)

Can Pat Gelsinger get Intel back on track?

13 Jan 2021
How to support your workforce
Sponsored

How to support your workforce

29 Oct 2020
Businesses need stability and performance
Sponsored

Businesses need stability and performance

23 Oct 2020

Most Popular

WhatsApp could face €50 million GDPR fine
General Data Protection Regulation (GDPR)

WhatsApp could face €50 million GDPR fine

25 Jan 2021
How to move Windows 10 from your old hard drive to SSD
operating systems

How to move Windows 10 from your old hard drive to SSD

21 Jan 2021
What is a 502 bad gateway and how do you fix it?
web hosting

What is a 502 bad gateway and how do you fix it?

12 Jan 2021