Intel Capital is investing $132 million in 11 technology startups with expertise in artificial intelligence, machine learning and autonomous computing.

The chip giant through its venture arm is aiming to invest between $300 million to $500 million in technology companies in 2020. The Intel portfolio is looking for startups with a focus on AI, edge computing, analytics and networking.

In this round of investing, Intel added AnodotAstera LabsAxonneHypersonixKFBIOLiltMemVergeProPlus ElectronicsRetraceSpectrum Materials and Xsight Labs,

A few AI driven investments include:

  • Anodot, a startup focused on autonomous business monitoring via machine learning. Anodot is designed to catch incidents that impact costs such as app performance, customer incidents and success rate drops.
  • Hypersonix, which is developing an AI driven autonomous analytics platform for retail, restaurants, hospitality and e-commerce.
  • KFBIO, a biotech company that processes medical images with big data, cloud and AI to improve on traditional microscopes.
  • MemVerge, which aims to make every application run in memory so they can handle more data workloads.
  • Xsight Labs, which accelerates cloud-based data intensive workloads.

In 2019, Intel Capital invested $466 million in 36 new investments and 35 follow-on investments and had 22 successful exits. Since forming in 1991, Intel Capital has invested $12.9 billion in 1,582 companies. 

This article was written by Larry Dignan and originally appeared in ZDnet.

Ready to Get Started with mDS?

Fill-out the quick form & a MDS technical expert will contact you soon!

+1 (888) 123-4567