Intel Capital Invests $62M in 16 Innovative Companies
HUNTINGTON BEACH, Calif., Nov. 4, 2014 – Intel Capital, Intel Corporation’s global investment organization, today announced at the Intel Capital Global Summit investments in 16 technology companies. Totaling approximately $62 million, the investments cover a broad spectrum of innovative technologies.
“Intel Capital invests in the technology continuum that runs from wearables and the Internet of Things to big data analytics – and everything in between, including silicon, smart devices, PCs, the cloud and datacenters,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president. “We are focused on helping innovative companies develop across this technology ecosystem, and we expect to invest a total of $355 million this year.”
Sodhani’s announcement came at the opening of the 15th annual Intel Capital Global Summit. The venture capital industry’s premier networking event convenes more than 1,000 founders and CEOs from Intel Capital’s global portfolio, Global 2000 business executives, and industry influencers for two days of company building. This year, the invite-only event featured distinguished speakers including former U.S. Treasury Secretary Lawrence Summers, Stanford President John L. Hennessy, record-setting polar explorer Ben Saunders and former Federal Communications Commission Chairman Reed Hundt.
The founders of the newest portfolio companies run the gamut from 13-year-old Shubham Banerjee, who has invented low-cost Braille printers for the blind using Legos* and Intel® Edison chips; to Sundari Mitra, a 25-year semiconductor industry veteran who is now running her second startup; to Earnest Earon, a rocket scientist whose new company uses unmanned aircraft and cloud-based software to perform data analytics for agricultural, emergency response and other uses.
More on the new investments, grouped by technology sector:
New Devices/Wearable Computing
- Avegant* (Redwood City, California), developing the next generation of wearable devices, is bringing to market the Glyph*, a mobile personal theater that uses a micromirror display with built-in premium audio. Glyph raised more than $1 million in its Kickstarter* campaign earlier this year.
- Braigo Labs Inc.* (Palo Alto, California, U.S.), founded by 13-year-old entrepreneur and middle schooler Shubham Banerjee, provides scientific and technological services by researching and developing technology-based innovations and services. Its products include Braigo v1.0*, a Lego Braille printer that dramatically reduces the price of a printer from more than $2,000 to $350 for education, teaching and home-use purposes.
- Eyefluence* (Reno, Nevada, U.S.) transforms intent into action through your eyes. The company’s robust, low-power, eye-tracking technology, with its iUi* interaction model, integrates into any augmented reality or virtual reality head-mounted display (HMD) to provide natural, intuitive eye tracking and control.
- AnDAPT* (Santa Clara, California, U.S.) brings a new genre of analog adaptive products for multifunction sensor integration and integrated system power management, enabling enterprise customers to achieve lowest power consumption, smart power management, high integration, high system reliability and lower cost.
- Audyssey* (Los Angeles, U.S.) is a leader in research-based audio technologies that correct acoustical problems to improve the sound quality of any device or listening environment. The company’s technologies are integrated into mobile apps and devices, TVs, automobiles, PCs and home theater products from industry-leading manufacturers.
- Incoming Media* (Santa Clara, California, U.S. and Sydney, Australia) is a mobile video platform that uses predictive data analytics and intelligent content pre-loading to learn how a viewer consumes video on a mobile device and delivers a personalized mobile video experience with no interruption.
- INRIX* (Kirkland, Washington, U.S.) leverages big data analytics and predictive technology to help automakers, corporate fleets, governments and news organizations reduce the economic and environmental toll of traffic congestion.
- Screenovate Technologies* (Israel) offers mobile solutions that cover entertainment, productivity and education. Among other applications, its technology enables smartphone and tablet users to wirelessly beam movies, games, presentations or other content from their mobile devices to their TVs or other large displays.
- Thundersoft* (China and Taiwan) is a mobile OS core technology and solution provider that accelerates product development by providing leading technology and services, specifically for Android* smartphone and tablet services. [Investment subject to satisfaction of closing conditions.]
Advancing Microprocessor and SoC Development
- NetSpeed Systems* (Mountain View, California, U.S.) offers a system-on-chip (SoC) design platform and advanced on-chip network solutions that let SoC architects create designs that are significantly smaller and more power-efficient in a fraction of the usual time.
- Reno Sub-Systems* (Canada) designs, develops and delivers subsystems used to control process systems made by OEMs, including vacuum-based chambers to deposit and etch specialty materials needed in advanced integrated circuit fabrication.
Big Data and Cloud Infrastructure
- Gigya* (San Francisco, U.S.) makes a cloud-based customer identity management platform that helps customers turn unknown Web or mobile visitors into loyal and engaged customers.
- PilotTV* (Taiwan) is a digital signage network operator that designs, deploys and jointly operates digital signage systems for retail venues, operating over 6,000 screens in various channels including convenience stores, fast food chains, drugstores and rapid transit stations.
- PrecisionHawk* (Raleigh, North Carolina, U.S.) is an information delivery company that uses a small, unmanned aerial vehicle and cloud-based software to collect, process and analyze aerial data. Its solution provides actionable information to clients in civilian industries.
- Prelert* (Framingham, Massachusetts, U.S.) packages data science into downloadable applications for everyday users. It uses machine-learning predictive analytics to learn the normal behavior patterns of populations of individual users, devices and resources.
- Stratoscale* (Israel) develops new technology to rethink next-generation data centers. It is building the runtime software infrastructure for scalable computing to help customers use all available computing resources and unify computing and storage across the data center.
In addition, Intel Capital announced Ossia* (Redmond, Washington, U.S.) has joined the Intel Capital portfolio. Cota*, Ossia’s smart antenna technology, redefines wireless power by safely delivering remote, targeted energy simultaneously to multiple devices as far away as 30 feet without line of sight and regardless of whether a device is stationary or moving.
About the Intel Capital Global Summit
The Global Summit is Intel Capital’s pre-eminent technology networking event. The 2014 event brings together more than 1,000 registered attendees from Intel Capital portfolio companies; Intel’s global customers and partners; and industry leaders from around the world. The Intel Capital Global Summit 2014 is sponsored by Credit Suisse; Gibson, Dunn & Crutcher; the Government of Canada; Houlihan Lokey; Kingsley Gate; KPMG; Morrison & Foerster; NASDAQ OMX; Needham & Company; Silicon Valley Bank; Sprinklr; and TriNet.
About Intel Capital
Intel Capital, Intel’s global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,400 companies in 57 countries. In that timeframe, 209 portfolio companies have gone public on various exchanges around the world and 363 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments. As of Oct. 31, 2014, Intel Capital has invested $344 million in 120 investments including 55 new deals. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.