Intel to invest US$117 million in 14 new tech startups

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Intel Capital, announced new investments totaling $117 million in 14 disruptive technology startups at the Intel Capital Global Summit. The companies will be joining Intel Capital’s portfolio are creating powerful artificial intelligence (AI) platforms; new ways to see and analyze materials for the built world and our bodies; more efficient and greener manufacturing technologies; and disruptive new approaches to chip design.

“Intel has driven disruption for the last 50 years, changing the way we live by making compute ubiquitous. Intel Capital is continuing that legacy of disruption with these investments,” said Wendell Brooks, Intel senior vice president and president of Intel Capital. “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.”

Leaders from the 14 companies joining the Intel Capital portfolio pose with Intel Capital President Wendell Brooks at the Intel Capital Global SummitThe investments extend Intel Capital’s recent strategy of taking larger, more strategic positions in portfolio startups. Each year, Intel Capital puts $300 million to $500 million into innovative companies across a wide range of emerging technologies making the impossible possible.

“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,” Brooks said.

“We believe in these companies and are excited to help them disrupt their industries by putting the weight of Intel behind them,” Brooks said. “Our investment is just the start of our work with each of them.”

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