As a part of a major investment amid Covid-19, Intel Capital announces of investing $132mn in 11 technology startups in the Artificial Intelligence, Machine Learning, and autonomous computing industries.
Intel Capital aims at investing anywhere between $300 and $500 million in tech companies this year. The companies in Intel Capital’s list include- Axonne (Sunnyvale, California), Astera Labs (Santa Clara, California), ProPlus Electronics (Shandong, China), Retrace (San Francisco), Anodot (Redwood City, California), Hypersonix (San Jose, California), KFBIO (Zhejiang, China), Lilt (San Franscico), MemVerge (Milpitas, California), Xsight Labs (Kiryat Gat, Israel), and Spectrum Materials (Fujian, China). The chip giant is mainly focusing on startups concerned with AI, analytics and networking, and edge computing.
Last year, Intel Capital invested $466mn in 35 follow-on investments and 36 new investments.
This venture comes as Intel Capital’s habit of investing in multiple clusters of companies, working towards the same goal, in different ways. What’s commendable about the company is its search and paving new ways in innovation. The company has invested over $12.9 billion in 1,582 companies ever since its formation in 1991.