Intel Capital, Intel Corporation’s global investment organisation, has announced new investments totalling more than USD60 million in 15 technology startups, bringing its year-to-date investing to more than USD566 million.
“The world is undergoing a data explosion,” says Wendell Brooks, Intel senior vice president and president of Intel Capital. “By 2020, every autonomous vehicle on the road will create 4 TB of data per day. A million self-driving cars will create the same amount of data every day as three billion people.
“As Intel transitions to a data company, Intel Capital is actively investing in startups across the technology spectrum that can help expand the data ecosystem and pathfind important new technologies,” Brooks says.
The companies joining Intel Capital’s portfolio are trailblazing technologies that leverage multiple facets of the data lifecycle – including analysing, capturing, managing and securing data. These newly funded companies focus on artificial intelligence, 3D medical visualisation, robots for retail, and cybersecurity inspired by the human immune system, among other technologies.
Brooks also announced that, two years after the launch of the Intel Capital Diversity Initiative, more than 10 percent of Intel Capital’s portfolio companies now are led by women or other groups underrepresented in the technology industry – including three of the companies introduced today.
