Intel Capital, Intel Corporation’s global investment organization, announced $117 million of investments at the 2019 Intel Capital Global Summit in Phoenix, adding 14 “disruptive” tech startups to its ever-growing portfolio of data-centered companies from around the world.
“At Intel, we’re focused on pushing the boundaries of technology to make amazing experiences possible,” an Intel Capital spokesperson said. “Each of these new portfolio companies is pushing disruptive technologies that advance key areas of focus for Intel.”
New investments continue to signal Intel Corporation’s transition into a data company, shaking up the startups’ respective industries and supporting the advancement of technology intended to improve health, convenience and quality of life for consumers.
“We’ve invested behind new applications of technology, with a shift from manufacturing to service-based solutions, such as smart health care, service robots and AI,” the spokesperson said. “Other investments include IoT, autonomous technologies (robotics, drones, connected cars), as well as datacenter hardware and software.”
Intel Capital’s mission is two-fold: create a return on investment for Intel shareholders and support Intel Corporation’s strategic objectives and break ground on new tech.
“Intel has driven disruption for the last 50 years, changing the way we live by making compute ubiquitous,” said Wendell Brooks, president of Intel Capital and senior vice president of Intel Corporation, at the summit. “Intel Capital is continuing that legacy of disruption with these investments. 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.”
Intel Corporation set up shop in Arizona in 1979, beginning operations in Chandler the following year. Today, the company has more than 10,000 employees across two campuses, manufacturing microprocessors that power data centers and hundreds of millions of devices worldwide.
The company’s annual economic impact in Arizona is about $5.3 billion, according to a 2013 study by Arizona State University.
Intel Capital launched the Intel Capital Diversity Initiative in 2015 to provide diverse startups access to Intel Capital’s business development programs, global network, technology expertise and brand capital.
More than 10 percent of the portfolio is now led by entrepreneurs from underrepresented communities, which Intel Capital believes is “an essential part of making the tech industry more inclusive for everyone’s benefit,” the spokesperson said.
In 2018, Intel Capital invested $391 million in 89 companies, 22 percent of which were made in diverse companies. Four companies completed Initial Public Offerings (IPOs) and 14 were acquired.
Intel Capital has invested $12.4 billion in 1,544 companies in 57 countries since 1991, and in that time 670 companies in the organization’s portfolio have gone public or participated in a merger.
“In recent years, Intel Capital has typically invested between $300 million to $500 million annually,” the spokesperson said. “At the same time, we’ve been making fewer new investments each year. Making fewer, bigger investments lets us take more meaningful stakes in companies and play a more relevant role in helping them grow and succeed.”
According to Intel Capital, the organization has paid attention to artificial intelligence (AI) for at least five to six years, including machine learning, cognitive computing and more. AI has been one of the most important areas of focus for Intel as the company sets out to “build the future” under its “virtuous cycle of growth” strategy.
This year’s investment recipients comprise a variety of unique new businesses from California, Texas, Canada, the United Kingdom, China and Israel.
“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.
The 2019 Intel Capital Global Summit invited more than 600 entrepreneurs, venture capitalists and Global 2000 business leaders to spend three days networking and company-building.
Here are Intel Capital’s disruptive startups for 2019:
- Cloudpick Limited (Shanghai, China)
- Landing AI (Palo Alto, California)
- Medical Informatics Corp. (Houston, Texas)
- Mighty Networks (Palo Alto, California)
- OnScale (Cupertino, California)
- Pixeom (Santa Clara, California)
- Polystream (Guildford, United Kingdom)
- proteanTecs (Haifa, Israel)
- Qolibri, Inc. (Roseville, California)
- Reveal Biosciences, Inc. (San Diego, California)
- SambaNova Systems (Palo Alto, California)
- Tibit Communications (Petaluma, California)
- Untethered AI (Toronto, Ontario, Canada)
- Zhuhai EEasy Technology Co. Ltd. (Zhuhai, China)