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American corporate venture capital firm From Wikipedia, the free encyclopedia
Intel Capital is a division of Intel Corporation, set up to manage corporate venture capital, global investment, mergers and acquisitions. Intel Capital makes equity investments in a range of technology startups and companies offering hardware, software, and services targeting artificial intelligence, autonomous technology, data center and cloud, 5G, next-generation compute, semiconductor manufacturing and other technologies. The firm is one of the most active American investors in the Chinese artificial intelligence industry.[1]
Founded | 1991 |
---|---|
Headquarters | , |
Area served | United States, China, Western Europe, Israel |
Products | Venture capital |
Website | www |
Intel Capital was set up in 1991 by Les Vadasz, and Avram Miller.[2] It was originally called Corporate Business Development (CBD).[3] This organization was primarily established to support the development of Intel's ecosystem through equity investments in strategic companies.[3] Intel, during this period, mainly invested in American companies, and in 1998 95% of investment was in the USA. The bulk of these companies were those engaged in the manufacture and development of chips, equipment and software that fuel the demand for high-end personal computers.[3] It also acquired startups that augment its foothold in the communications and information processing industries since these are favorable to Intel's microprocessors.[4]
Over time, investment in non-US companies increased, and by 2012 international investments accounted for about 57%. Intel Capital has invested more than US$12.5 billion in over 1,550 companies in 57 countries.[5][6] In that timeframe, over 200 portfolio companies have gone public on various exchanges around the world, and more than 325 were acquired or participated in a merger.
In 2014, Intel Capital has 26 offices, including in Belgium, Brazil,[7] China, India,[8] Germany, Ireland, Japan, Israel, Nigeria,[9] Poland,[10] Russia,[11] Singapore, South Korea, Taiwan, Turkey,[12] UK, USA. It became the world's largest corporate venturing program in the technology segment and has invested in both established firms and startup companies.[13]
Intel Capital investments include Actions Semiconductor,[14] AlterGeo,[15] AppyStore,[16] AVG,[17] Bellrock Media,[18] Box,[19] Broadcom,[20] Cloudera,[21] CNET, Citrix Systems, Elpida Memory, Gaikai,[22] Gigya,[23] IndiaInfoline.com,[24] Inktomi, Insyde Software,[25] Integrant Technologies, July Systems,[26] Kingsoft,[27] LogMeIn, Mall.cz,[28] Marvell, Mellanox, Mirantis,[29] MongoDB,[30] MySQL,[31] NIIT, Ondot Systems, PCCW, Red Hat,[32] Rediff.com, Research in Motion (Blackberry),[33] Saffron Technology,[34] Sasken, StarkWare Industries, [35] Smart Technologies,[36] Snapdeal, Sonda,[37] Sohu.com, Stratoscale,[38] TechFaith,[39] Trigence,[40] VMware, Volocopter and WebMD. In 2014 Intel Capital has made $62 Mn investment in 16 tech startups,[41]
Intel Capital began investing in the artificial intelligence sector. It invested $10 million in Lumiata, a small analytics firm that specializes in medical AI, in 2016.[42] In September 2017, According to the reports, Intel Capital invested $1 billion into AI startups including Mighty AI, Data Robot and many more.[43] In 2020 Intel Capital invested in Jio Platforms. It was also part of the investors that injected $102 million in series A funding to Element.ai, a company seeking to democratize AI access.[44]
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