Intel Capital
Founded1991 (1991)
Headquarters
Santa Clara, California
,
U.S.
Area served
United States, China, Western Europe, Israel
ProductsVenture capital
Websitewww.intelcapital.com

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.

History

Intel Capital was set up in 1991 by Les Vadasz, and Avram Miller.[1] It was originally called Corporate Business Development (CBD).[2] This organization was primarily established to support the development of Intel's ecosystem through equity investments in strategic companies.[2] 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.[2] It also acquired startups that augment its foothold in the communications and information processing industries since these are favorable to Intel's microprocessors.[3]

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.[4][5] 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,[6] China, India,[7] Germany, Ireland, Japan, Israel, Nigeria,[8] Poland,[9] Russia,[10] Singapore, South Korea, Taiwan, Turkey,[11] 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.[12]

Investments

Intel Capital investments include Actions Semiconductor,[13] AlterGeo,[14] AppyStore,[15] AVG,[16] Bellrock Media,[17] Box,[18] Broadcom,[19] Cloudera,[20] CNET, Citrix Systems, Elpida Memory, Gaikai,[21] Gigya,[22] IndiaInfoline.com,[23] Inktomi, Insyde Software,[24] Integrant Technologies, July Systems,[25] Kingsoft,[26] LogMeIn, Mall.cz,[27] Marvell, Mellanox, Mirantis,[28] MongoDB,[29] MySQL,[30] NIIT, Ondot Systems, PCCW, Red Hat,[31] Rediff.com, Research in Motion (Blackberry),[32] Saffron Technology,[33] Sasken,[34] 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]

References

  1. ↑ "Oral Histories - Oral History of Avram Miller | Computer History Museum". www.computerhistory.org. Retrieved 2015-08-28.
  2. 1 2 3 Burgelman, Robert A. (2020). Strategy Is Destiny: How Strategy-Making Shapes a Company's Future. New York, NY: Simon and Schuster. p. 319. ISBN 978-1-9821-4651-1.
  3. ↑ Bower, Joseph L.; Gilbert, Clark G. (2005). From Resource Allocation to Strategy. Oxford: OUP Oxford. p. 56. ISBN 0-19-927744-3.
  4. ↑ "Intel Capital President on Growth of Tech". finance.yahoo.com. 2 April 2019. Retrieved 2019-05-09.
  5. ↑ "Intel Capital chief Arvind Sodhani: "We need more start-ups"". The Telegraph. March 12, 2011.
  6. ↑ "Intel Capital goes for the hat trick, invests in third Brazilian fashion startup this year". Venturebeat. August 13, 2012.
  7. ↑ "Intel Capital to invest in two Indian dotcom ventures". The Hindu. June 7, 2013.
  8. ↑ "Published On: Tue, Apr 30th, 2013 People | By Staff Writer Intel Capital boosts team with new director". IT News Africa. April 30, 2013.
  9. ↑ "Intel Capital stawia na Polskę". Ekonomia. September 17, 2012. Archived from the original on September 1, 2014.
  10. ↑ "Intel Capital Crosses into Russia". CNET. May 15, 2003.
  11. ↑ "Intel Capital Branches into Turkey". Financial News. June 7, 2012.
  12. ↑ Phillips, Fred (2009). Managing Innovation, Technology, and Entrepreneurship (in German). Adelaide: Meyer & Meyer Sport. ISBN 978-1-84126-448-6.
  13. ↑ "Intel Capital invests in Chinese Tech Firms". EE Times. 2006-06-26.
  14. ↑ "Unnamed Russian Banks Are Using AlterGeo's Location Data For Credit Ratings". TechCrunch. 2014-04-23.
  15. ↑ "Mauj Mobile to raise $30-50 million for appstore play". Hindu Business Line. 24 April 2016. Retrieved 9 December 2016.
  16. ↑ "AVG Technologies Prices IPO at $16/Share". PEHub (Reuters). February 2, 2012.
  17. ↑ "BellRock Media Sounds its Horn". Wireless Week. March 2, 2007.
  18. ↑ "These Are the 10 Companies That Intel Capital is Investing $40m in". 3 October 2012.
  19. ↑ Taulli, Tom (July 2, 2008). "The Lowdown on Strategic Investments". Bloomberg. Archived from the original on July 4, 2012.
  20. ↑ "Intel invested $740 million to buy 18 percent of Cloudera". Reuters. Archived from the original on 2023-05-21.
  21. ↑ Leena, Rao (July 20, 2010). "Intel Capital Invests In Cloud-Based Game Streaming Service Gaikai". TechCrunch.
  22. ↑ Ha, Anthony November 4, 2014 Techcrunch. "Intel Capital Leads $35M Investment In Social Login Service Gigya"
  23. ↑ Lokeshwarri, S.K. (November 16, 2011). "Intel Capital homes in on three Indian start-ups for investment".
  24. ↑ Wauters, Robin (November 22, 2011). "Intel Capital Invests $10M In Customized Android Distributions, Firmware Maker Insyde". TechCrunch.
  25. ↑ Wauters, Robin (2012-02-16). "July Systems Raises $15M From Intel, Others". Retrieved 2016-09-23.
  26. ↑ "Kingsoft Gains USD72mn Venture Capital". TMC.Net. August 23, 2006.
  27. ↑ "Intel Capital leads EUR10m investment in Mall.cz". Private Equity Wire. September 17, 2009.
  28. ↑ "Mirantis and Intel Collaborate to Accelerate OpenStack". 24 August 2015.
  29. ↑ "10gen Announces Strategic Investment from Intel Capital and Red Hat".
  30. ↑ "Intel, SAP among VCs investing $18.5M in MySQL". InfoWorld. February 13, 2006.
  31. ↑ Rohm, Wendy (November 15, 1999). "Inside the Red Hat IPO". Linux Magazine. Archived from the original on March 17, 2007.{{cite news}}: CS1 maint: unfit URL (link)
  32. ↑ "Venture Capital: Should Intel Stick to Its Day Job?". Bloomberg BusinessWeek. October 14, 2001. Archived from the original on September 21, 2012.
  33. ↑ "Saffron pulls in $7M to process data like a super-speedy human". VentureBeat. March 20, 2014.
  34. ↑ "Intel Capital pumps in more money in Sasken, Tejas". Silicon India News. September 8, 2004.
  35. ↑ (October 29, 2018). Intel Capital, Sequoia Back Blockchain Startup StarkWare in $30 Million Round. Calcalist.
  36. ↑ Saitto, Serena (December 9, 2009). "Smart Technologies Said to Hire Banks for IPO in 2010 (Update1)". Bloomberg.
  37. ↑ "Sonda Raises $215 Million". PEHub (Reuters). November 4, 2006.
  38. ↑ Ben Kepes (4 November 2014). "Stratoscale Raises $32M To Hyper-Converge Infrastructure". Forbes. Retrieved 3 January 2016.
  39. ↑ "Techfaith Wireless (CNTF): Designed for success?". Seeking Alpha. April 13, 2005.
  40. ↑ "Intel Capital、デジタル・スピーカー技術のTrigence Semiconductorに投資".
  41. ↑ "Intel Capital invests $62M in 16 tech startups". VentureBeat. November 5, 2014.
  42. ↑ "Intel Capital invests $10 million in medical artificial intelligence". Healthcare IT News. 2016-05-31. Retrieved 2023-10-17.
  43. ↑ Etherington, Darrell. "Intel Capital has invested over $1 billion in companies focused on AI". TechCrunch. Retrieved 2017-11-20.
  44. ↑ Vieira, Armando; Ribeiro, Bernardete (2018). Introduction to Deep Learning Business Applications for Developers: From Conversational Bots in Customer Service to Medical Image Processing. New York: Apress. p. 278. ISBN 978-1-4842-3452-5.
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