Intel Capital Invests $38M in 12 Technology Startups
Intel Capital, Intel Corporation’s global investment organization, announced today at the Intel Capital Global Summit new has invested more than $38 million in 12 technology startups. The companies joining Intel Capital’s portfolio are driving innovation many fields, including IoT solutions for seniors and disabled individuals, advanced audio for 360-degree virtual reality systems, and human-like vision systems for connected cars.
“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, president of Intel Capital. “We’re excited to team with these visionary entrepreneurs developing breakthrough technologies to transform lives and industries.”
The financing agreements were announced at the17th annual Intel Capital Global Summit in San Diego.
Here’s more on the 12 startups:
Chronocam (Paris, France) develops innovative computer vision sensors and systems for a variety of applications in autonomous navigation and connected objects.
Embodied (Pasadena, California), co-founded by the former CTO of iRobot, maker of Roomba, is developing products for robotics that leverage advances in machine perception, cognition and learning.
Perrone Robotics (Charlottesville, Virginia) provides software and solutions that make it easier to build robust mobile autonomous robotics applications.
Data and Connectivity
Eazytec (Jiangsu, China) is a smart city developer and service provider with proprietary core firmware (BIOS) technology.
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) is an enterprise-grade, self-service business information platform that serves both the business consumer and IT. With Paxata, business analysts, data engineers and data scientists are able to transform raw data to information ready for business analysis.
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) delivers Cubisens, a millimeter-scale computing platform which enables an autonomous wireless sensing platform measuring less than a millimeter.
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.
K4Connect (Raleigh, North Carolina) creates solutions for older adults and individuals living with disabilities. Its first solution, K4Community, is specifically designed for residents of senior living communities.
Dysonics (San Francisco, California) leverages more than 20 years of academic research to deliver patented technologies that yield lifelike 360-degree sound experiences over headphones.
InContext Solutions (Chicago, Illinois) develops scalable, cloud-based virtual reality solutions for retail that provide important insights for manufacturers and retailers.