Intel Capital invests $132 mn in 11 technology startups

Intel Capital announced it made investments worth $132 million in 11 technology startups.
Intel Capital
The companies that received Intel Capital’s investment are Anodot, Astera Labs, Axonne, Hypersonix, KFBIO, Lilt, MemVerge, ProPlus Electronics, Retrace, Spectrum Materials and Xsight Labs.

These companies focus on innovations in artificial intelligence (AI), autonomous computing and chip design.

“Intel Capital identifies and invests in disruptive startups that are working to improve the way we work and live,” Wendell Brooks, Intel senior vice president and president of Intel Capital, said in a statement.

Intel Capital’s New Investments:

Anodot, based in Redwood City, Calif., uses machine learning to drive the future of analytics — autonomous business monitoring. Fortune 500 companies across telco, finance and digital sectors rely on Anodot’s real-time, contextual alerts to catch the incidents that impact revenue and costs.

Astera Labs, based in Santa Clara, Calif., is a fabless semiconductor company that develops purpose-built connectivity solutions for data-centric systems to remove performance bottlenecks in compute-intensive workloads such as artificial intelligence and machine learning.

Axonne, based in Sunnyvale, Calif., develops high-speed Ethernet network connectivity solutions for automobiles. Axonne’s solutions integrate systems in the connected car, such as autonomous driving sensors and displays with compute clusters.

Hypersonix, based in San Jose, Calif., is an AI-powered autonomous analytics platform designed for consumer industries such as retail, restaurants, hospitality and ecommerce. Hypersonix’s platform empowers customers to make faster and smarter decisions that drive profitability, productivity and customer engagement through simple voice and text search, data visualization and interpretation.

KFBIO, based in Zhejiang, China, is a biotech company that builds digital pathology systems. Its pathology scanner improves on traditional microscopes with digital capabilities and connectivity. KFBIO’s medical image processing uses big data, cloud computing and AI to quickly and reliably scan and digitize images, making them easier to share for remote consultation with experts, and improve speed and accuracy of AI-aided pathologist diagnoses.

Lilt, based in San Francisco, aims to make the world’s information accessible to all with AI-powered language translation software and services. Lilt’s software provides localized and cost-effective translation.

MemVerge, based in Milpitas, Calif., is a software company founded on the vision that every application should run in memory. MemVerge’s Memory Machine software is the foundation for a new era of Big Memory computing, providing petabyte-size pools of shared persistent memory and data services. MemVerge’s Big Memory software lowers the cost of memory, allows it to scale out and makes it highly available with memory data services such as ZeroIO snapshot, memory replication, and lightning-fast recovery.

ProPlus Electronics, based in Shandong, China, is an electronic design automation company, specializing in advanced device modeling and fast circuit simulation solutions. ProPlus helps to close the divide between design and manufacturing with software that makes chip design faster and fabrication yields higher, allowing the semiconductor industry to create more powerful and diverse products.

Retrace, based in San Francisco, believes that smarter, more innovative use of dental data is essential for reducing the oral disease burden. Retrace applies artificial intelligence and other advanced technology in its predictive analytics platform that uses real-time data to improve dental decision-making. Retrace empowers health plans, providers, and patients to create a more cost-effective, evidence-based oral healthcare experience.

Spectrum Materials, based in Fujian, China, is a specialty gas and material supplier for semiconductor fabs. It has one of the largest germane production bases in Quanzhou, Fujian.

Xsight Labs, based in Kiryat Gat, Israel, develops innovative technology for accelerating next generation, cloud-based, data-intensive workloads such as machine learning, data analytics and disaggregated storage.

Intel Capital is on track to invest between $300 million and $500 million in technology companies in 2020.

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