Intel invests $117m into 14 disruptive startups

The company's focus is on AI applications, medical tech and green innovations

investment

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.

Advertisement - Article continues below

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."

Advertisement
Advertisement - Article continues below
Advertisement - Article continues below

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.

Featured Resources

The case for a marketing content hub

Transform your digital marketing to deliver customer expectations

Download now

Fast, flexible and compliant e-signatures for global businesses

Be at the forefront of digital transformation with electronic signatures

Download now

Why CEOS should care about the move to SAP S/4HANA

And how they can accelerate business value

Download now

IT faces new security challenges in the wake of COVID-19

Beat the crisis by learning how to secure your network

Download now
Advertisement

Most Popular

Visit/infrastructure/server-storage/355785/dell-emc-poweredge-r7525-review-an-epyc-core-density-to-make
Server & storage

Dell EMC PowerEdge R7525 review: An EPYC core density to make Intel weep

26 May 2020
Visit/infrastructure/network-internet/355792/intel-releases-wi-fi-and-bluetooth-driver-updates-for
Network & Internet

Intel releases Wi-Fi and Bluetooth driver updates for Windows 10

26 May 2020
Visit/operating-systems/microsoft-windows/355781/microsoft-confirms-further-issues-with-troublesome
Microsoft Windows

Microsoft's latest Windows 10 update is causing yet more issues

26 May 2020