Intel invests in 11 tech startups

Intel Capital, Intel’s global investment organization, announced $132 million investments in 11 technology startups in the field of artificial intelligence (AI), autonomous computing and chip design.

The companies joining Intel Capital’s portfolio are Anodot, Astera Labs, Axonne, Hypersonix, KFBIO, Lilt, MemVerge, ProPlus Electronics, Retrace, Spectrum Materials and Xsight Labs.

“Intel Capital identifies and invests in disruptive startups that are working to improve the way we work and live. Each of our recent investments is pushing the boundaries in areas such as AI, data analytics, autonomous systems and semiconductor innovation. Intel Capital is excited to work with these companies as we jointly navigate the current world challenges and as we together drive sustainable, long-term growth.” Wendell Brooks, Intel senior vice president and president of Intel Capital.

Anodot uses machine learning to drive the future of analytics — autonomous business monitoring. Astera Labs is a fabless semiconductor company that develops purpose-built connectivity solutions for data-centric systems to remove performance bottlenecks in compute-intensive workloads such as artificial intelligence and machine learning. Axonne develops next-generation high-speed Ethernet network connnectivity solutions for automobiles.

Hypersonix is an AI-powered autonomous analytics platform designed for consumer industries such as retail, restaurants, hospitality and ecommerce. KFBIO is a biotech company that builds digital pathology systems. Lilt aims to make the world’s information accessible to all with AI-powered language translation software and services. MemVerge is a software company founded on the vision that every application should run in memory.

ProPlus Electronics is an electronic design automation company, specializing in advanced device modeling and fast circuit simulation solutions. Retrace believes that smarter, more innovative use of dental data is essential for reducing the oral disease burden. Spectrum Materials is a high-purity specialty gas and material supplier for semiconductor fabs. Xsight Labs develops innovative technology for accelerating next generation, cloud-based, data-intensive workloads such as machine learning, data analytics and disaggregated storage.

Intel Capital is on track to invest between $300 million and $500 million in technology companies in 2020, spanning technology domains in AI, intelligent edge and network transformation. These technologies will bring broad transformations to industries such as healthcare, automotive and consumer goods.

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