[October 24, 2016] |
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Intel Capital Announces $38M of New Investments in 12 Technology Startups to Kick Off Annual Global Summit
Intel
Capital, Intel Corporation's global investment organization,
announced today at the Intel
Capital Global Summit new investments totaling more than $38 million
in 12 technology startups. The companies joining Intel Capital's (News - Alert)
portfolio are driving innovation to enhance many facets of our lives -
including IoT solutions for seniors and disabled individuals, advanced
audio for 360-degree virtual reality systems, and human-like vision
systems for connected cars.
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Intel Capital announced $38 million of new investments in 12 tech startups. Intel Capital president Wendell Brooks welcomed CEOs of these startups at Intel Capital's annual Global Summit on Monday, Oct. 24, 2016. The 2016 Intel Capital Global Summit takes place Oct. 24-26 in San Diego, California. (Source (News - Alert): Intel Corporation)
"Innovation is exploding as the world transforms into an increasingly
smart and connected place, where billions of devices will be made even
smarter by intelligence in the cloud," said Wendell
Brooks, Intel senior vice president and president of Intel Capital.
"We're excited to team with these visionary entrepreneurs developing
breakthrough technologies to transform lives and industries."
The 17th annual Intel Capital Global Summit, hosted this week
in San Diego, features a distinguished lineup of speakers that includes:
Marc Benioff (News - Alert), chairman and CEO of Salesforce.com; Aneel Bhusri,
co-founder and CEO of Workday; John Donahoe, chairman of the board at
PayPal; Brian Krzanich, CEO of Intel; Lowell McAdam (News - Alert), chairman and CEO of
Verizon; and Bill Bradley, former U.S. senator, Olympian and NBA Hall of
Famer. The event convenes nearly 1,000 entrepreneurs, investors and
business luminaries for three days of company-building, inspiration and
learning from the minds behind today's most cutting-edge technology.
More details on Intel Capital's new investments in 12 pioneering
startups:
Autonomous Machines
Chronocam*
(Paris, France) develops innovative computer vision sensors and systems
for a variety of applications in autonomous navigation and connected
objects. Formed by the leading pioneers in the field of neuromorphic
vision, the company wants to establish a new computer vision standard by
unlocking a paradigm shift in vision sensing and processing inspired by
the human eye.
Embodied*
(Pasadena, California, U.S.), co-founded by the former CTO of iRobot*,
maker of Roomba*, and a world-renowned professor of robotics and
neuroscience from the University of Southern California, is developing
state-of-the-art products that aim to revolutionize robotics. Leveraging
major recent advances in machine perception, cognition and learning, its
systems develop affordable personal robots that improve human wellness
and quality of life.
Perrone
Robotics* (Charlottesville, Virginia, U.S.) provides software and
solutions that make it easier to build robust mobile autonomous robotics
applications. Its technology helps researchers and engineers develop
their partial and fully autonomous vehicle and robotics applications.
Data and Connectivity
Eazytec*1
(Jiangsu, China) is a smart city developer and service provider with
proprietary core firmware (BIOS) technology. Its headquarters and
research park, located in Yixing City, Jiangsu Province, have been
identified as a nationl science and technology business incubator in
China. The company specializes in application software and firmware
development, system integration, and data center services.
Grand
Chip Microelectronics* (aka Kangxi Communication Technologies)
(Shanghai, China) is committed to delivering high-performance,
high-linearity and highly integrated Wi-Fi front-end devices for WLAN
infrastructure, wireless connectivity on cellular platforms and the
Internet of Things.
Paxata*
(Redwood City, California, U.S.) is the leading enterprise-grade,
self-service business information platform that serves the needs of both
the business consumer and IT. With Paxata, business analysts, data
engineers and data scientists are able to instantaneously transform raw
data to information ready for business analysis with accuracy and
efficiency. There is no need for code or sampling as Paxata leverages a
patent-pending, machine learning, natural language processing and
semantic text algorithm technology built on a distributed, in-memory
columnar pipeline architecture for massive scale.
StealthMine*
(Sunnyvale, California, U.S.) enables enterprise applications to run on
encrypted data. The technology provides full data insulation against
server, network, storage, database attacks and insider compromises.
Sports and Health
CubeWorks*
(Ann Harbor, Michigan, U.S.) delivers the next generation in
millimeter-scale computing with its Cubisens* platform, which enables
the first truly autonomous wireless sensing platform measuring less than
a millimeter. Cubisens systems are able to sense and process their
environment, wirelessly transmit the results, or store them for later
usage.
Kinduct*
(Halifax, Canada) provides cloud-based data and analytics software for
sport organizations, military and public safety units, physical medicine
clinics, and health and wellness institutions. With a client list that
includes teams in all five major sports leagues in North America, the
Kinduct platform is changing the way information shapes human
performance by allowing organizations to derive insights from multiple
sources of data.
K4Connect*
(Raleigh, North Carolina, U.S.) creates solutions that serve older
adults and individuals living with disabilities by integrating the
latest smart technologies and applications into a single responsive
system. Its first solution, K4Community*, is specifically designed for
residents of senior living communities, creating smarter and healthier
living environments, as well as fostering family and community
engagement, while also providing the operators with the insights and
analytics needed to offer world-class care and hospitality.
Virtual Reality
Dysonics*
(San Francisco, California, U.S.) leverages more than 20 years of
academic research to deliver patented technologies that yield lifelike
360-degree sound experiences over headphones. Dysonics creates immersive
audio software and hardware products for capture, creation and playback
of next-generation content including virtual reality.
InContext
Solutions* (Chicago, Illinois, U.S.) develops scalable, cloud-based
virtual reality solutions for retail that provide important insights for
manufacturers and retailers. The company's enterprise SaaS (News - Alert) VR platform
and services help brands visualize new concepts and better understand
shopper behavior in a rapidly evolving retail space - more efficiently
and profitably.
A number of these investments were made under the auspices of Intel
Capital's new Sports and Health focus, which uses a broad,
cross-disciplinary approach that spans multiple investing teams. The new
concentration reflects recent
comments by Intel CEO Brian Krzanich that "digitization is the
biggest change in sports in decades." With Intel's high-performance
computing power, every aspect of sports and wellness can now be captured
as a piece of data, measured and broadcast nearly in real time -
fueling the continued buildout of the cloud.
In addition, Brooks announced Monday the formation of the new Intel
Sports Group, which is focused on developing partnerships with major
sports leagues to leverage Intel technologies to create new immersive
experiences for fans. Brooks will oversee the business unit and expects
it will work closely with Intel Capital's Sports and Health effort.
This year's Global Summit also showcased a variety of new products from
existing Intel Capital portfolio companies:
-
Altia
Systems*, creator of the PanaCast* camera system, demonstrated the
PanaCast 3D Virtual Reality kit, which delivers 4K 3D videos with
real-time, in-device stitching.
-
Braigo
Labs*, founded by Shubham Banerjee, one of the world's youngest
entrepreneurs, demonstrated a new iOS smartphone app for the visually
impaired that features image recognition-to-text capabilities and
converts text to speech.
-
Keyssa*
demonstrated a high-speed contactless connectivity solution for the
2-in-1 detachable market segment. It delivers the high-speed I/O of a
PC while preserving an ultra-thin form factor.
-
NetSpeed
Systems* demonstrated a machine learning-based interconnect
platform for streamlining system-on-chip (SoC) architectures and
designs. Additionally, NetSpeed Systems CEO Sundari Mitra announced
the completion of a $10 million Series C investment round led by Intel
Capital.
For more information, visit our newsroom: https://newsroom.intel.com
About the Intel Capital Global Summit
The Intel Capital Global Summit is the venture industry's pre-eminent
technology networking event. The 2016 event brings together nearly 1,000
attendees from Intel Capital portfolio companies, tech industry thought
leaders and Intel customers and partners from around the world. The
Intel Capital Global Summit 2016 is sponsored by Accenture, KPMG,
Crystal & Company, the government of Canada, Kingsley Gate, NASDAQ,
Needham & Company, Silicon Valley Bank and TriNet.
About Intel Capital
Intel Capital, Intel's strategic investment and M&A organization, backs
innovative startups targeting computing and smart devices, cloud,
datacenter, security, the Internet of Things, wearable and robotic
technologies and semiconductor manufacturing. Since 1991, Intel Capital
has invested more than US$11.8 billion in 1,478 companies worldwide, and
617 portfolio companies have gone public or been acquired. Through its
business development programs, Intel Capital curates thousands of
introductions each year between its portfolio executives and Intel's
customers and partners in the Global 2000. For more information on what
makes Intel Capital one of the world's most powerful venture capital
firms, visit www.intelcapital.com
or follow @intelcapital.
1Intel Capital has agreed to invest, subject to receipt of
regulatory approvals.
Intel and the Intel logo are trademarks of Intel Corporation in the
United States and other countries.
*Other names and brands may be claimed as the property of others.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161024006459/en/
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