Intel Capital Invests $62M In 16 Innovative Companies
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.”
More than 1,000 Intel Capital –funded entrepreneurs and Global 2000 industry executives attended the 15th annual Intel Capital Global Summit, the venture industry’s premier networking and company –building event
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.