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Intel Capital makes USD117m of new investments in 14 disruptive tech startups

Intel Capital, Intel Corporation’s global investment organisation, announced new investments totalling USD117 million in 14 disruptive technology startups at the Intel Capital Global Summit on Monday.

The 14 companies 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,” says 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.”

The investments extend Intel Capital’s recent strategy of taking larger, more strategic positions in portfolio startups. Each year, Intel Capital puts USD300 million to USD500 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,” says Brooks.

Furthering its commitment to diversity and inclusion, Intel Capital and Intel Global Diversity and Inclusion also announced a sponsorship of HBCUvc, a nonprofit that trains students at Historically Black Colleges and Universities (HBCUs) and Hispanic-Serving Institutions (HSIs) about venture capital and technology entrepreneurship. HBCUvc provides students skills training, mentorship and the chance to build professional relationships with seasoned investors and entrepreneurs. Its Venture Capital Clinic empowers student fellows to put what they’ve learned into practice and fuel high-growth entrepreneurship on campus. Intel Capital and Intel will partner with HBCUvc to provide mentoring, training, and real-world experiences.

The Intel Capital Global Summit convenes more than 600 entrepreneurs, venture investors and Global 2000 business leaders for three days of networking, company-building and inspiration. This year’s lineup of speakers includes Robert Swan, Intel CEO; Reed Hundt, Coalition for Green Capital CEO and Former FCC Chairman; Paul Sciarra, Pinterest co-founder and Joby Aviation* executive chairman; Aicha Evans, Zoox CEO; Lip-Bu Tan, Cadence Design Systems CEO; Bob Young, Red Hat* co-founder; and General Lori Robinson (retired), Commander, North American Aerospace Defense Command (NORAD).

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