Intel Capital normally invests between US$ 300 million and US$ 500 million every year in start-ups developing unique, forward-thinking and disruptive solutions
Intel Capital, a division of Intel Corporation created to manage corporate venture capital and global investment, announced an investment of US$ 117 million in 14 start-ups doing things in the areas of artificial intelligence (AI) and disruptive technologies.
Intel Capital selected start-ups which are doing things such as helping manufacturers deploy AI systems, making AI inference faster, building semiconductors, and creating disruptive tech beyond AI in communications and health care.
Start-ups selected for funding
Companies that are supported as part of the announcement include Untether AI, maker of chips specifically for neural net inference and Landing AI, a start-up formed by former co-founder of Google Brain Andrew Ng that supports manufacturers to apply AI to their business practices.
Other AI-start-ups to receive funding include:
- Shanghai-based Cloudpick, which utilises deep learning and computer vision for e-commerce solutions
- Houston-based Medical Informatics, which uses machine learning (ML) and data to bring predictive insights to patient care
- China-based Zhuhai Eeasy Technology, which makes AI systems for media-related use cases for deployment on the edge, like image processing and video encoding
The majority of start-ups being supported by Intel Capital are developing products and services related to AI, other firms are in different fields, like Polystream, delivering 3D applications for video games in the cloud; Tibit Communications, making a device to improve Ethernet internet connections; and Pixeom, supporting clients manage large-scale hybrid cloud and edge computing.
Intel Capital normally invests between US$ 300 million and US$ 500 million every year in start-ups developing unique, forward-thinking and disruptive solutions.