Wednesday, May 9, 2018

Intel Capital Invests $72M Across 12 Startups

Intel Capital, the venture investment arm of Intel, announced $72M in total investments spread across 12 startups on Tuesday, including a significant number of local companies. Intel said it made the investments in Avaamo (AI, Los Altos); Fictiv (AI, San Francisco); Gamalon (AI, Massachusetts); Reconova (AI, China); Syntiant (AI, Irvine); Alauda (container, IOT, China); CloudGenix (SD-WAN, San Jose); Espressif Systems (semiconductors, China); VenueNext (venue software, Santa Clara); Lyncean Technologies (laser technology, Fremont); Movellus (semiconductor software, San Jose); and SiFive (IP cores, San Mateo). Individual amounts invested in those 12 companies were not announced by Intel Capital. Intel announced the investments at its Intel Capital Global Summit.