Intel Capital to invest $132M in Tech Startups
By MYBRANDBOOK
Intel Capital has announced another round of investment in technology startups. This time the company is distributing $132 million among 11 technology startups. The company said that in this round it “focused on artificial intelligence (AI), autonomous computing, and IC design,” but the word “focus” seems to be over-selling it. If there’s a theme to be found in the company’s picks this year, it’s automated and autonomous analytics tools for business applications.
Intel Capital’s marketeers can perhaps be forgiven for thinking that “automated and autonomous analytics tools for business applications” is just not sexy enough as a topic — or perhaps it’s simply too much of a mouthful. To be fair, we gave up trying to cram it into our headline.
This year the cluster of themed investments is Anodot, Astera Labs, and Retrace. Intel Capital describes Anodot as a company that uses machine learning (ML) to perform autonomous business monitoring. Hypersonix has developed an autonomous, AI-based analytics platform designed for consumer industries such as retail, restaurants, hospitality, and ecommerce. Retrace has developed a predictive analytics platform that also uses AI in real-time data to improve dental decision-making.
Anodot monitors a variety of business metrics that include everything from financial performance numbers to social media responses, and provides real-time, contextual alerts to “catch incidents that impact revenue and costs.” Examples of “incidents” include drops in success rate, customer incidents, app performance and other business metrics. The company’s customers include Atlassian, T-Mobile, UPS, Nordstrom and Pandora.
Hypersonix has a business approach that seems similar — it helps with “decisioning.” Founded in 2018, it too has built a platform that pulls in and analyzes a variety of metrics, also ranging in type and from disparate sources, from regional business performance numbers to web traffic statistics, for example. It just closed its Series A round of funding at the beginning of May which netted Hypersonix $11.5 million. The round had four investors led by Intel Capital.
Retrace is yet another company that helps with “decisioning” — dental decisioning. Retrace’s system basically does with dental records what Anodot and Hypersonix do with business metrics. Retrace makes a big deal of the fact that (for some reason it doesn’t get into) hackers have been going after visual dental records (x-rays and the like), trying to deliberately alter them to confuse AI systems that evaluate the data. Retrace says its system is designed to be secure against such cyberattacks.
There’s no financial trace of the company (Anodot and Hypersonix are listed in Crunchbase, for example, while Retrace is not), but it did set up a GoFundMe page two months ago that as of this writing had attracted zero dollars.
BREAKING NEWS
TECHNO TRENDS
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
E-Magazine
TECHNOTAINMENT
Netflix adds 'Moments' feature for saving, sharing scenes from
Netflix has introduced a new “Moments” feature on its mobile app, whic
Jacqueline Fernandez come together with YouTuber Mr. Beast for
Jacqueline Fernandez has partnered with American YouTuber Mr. Beast to b
MOVERS & SHAKERS
Visa elevates Rishi Chhabra as new Country Manager for India
Rishi holds a Master’s in Industrial Engineering from The Ohio State Univ
Genesys welcomes Albert Nel as Senior VP and Regional Sales Le
Genesys continues to deepen its investment in the APAC region. Earlier this
OPEN YOUR EYES
INTERVIEWS
Alpha Max offers high end solutions in the network space to en
The vision at Alpha Max is to attain quality as the trademark and create a
AMD Pensando driving innovation in the DPU architecture space
AMD Pensando stands out in the DPU (Data Processing Unit) market with its u
HOT PICK
SonicWall Launches TZ80: A Powerful Solution for Remote Office
SonicWall announced today the launch of the TZ80, a groundbreaking securit
Gigabyte X3D Turbo: A Gaming Revolution
GIGABYTE X3D Turbo Mode is a cutting-edge feature that unifies cores distr
MAKE IN INDIA BRANDS
ZOHO CORPORATION PVT. LTD.
HAVELLS INDIA LTD.
POLYCAB INDIA PVT. LTD
TP-LINK INDIA PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
ICONS OF INDIA : RAMESH NATRAJAN
Ramesh Natarajan, CEO of Redington Limited, on overcoming ‘technolog...
Icons Of India : B.V.R. Subrahmanyam
A 1987 batch (Chhattisgarh cadre) Indian Administrative Service Office...
Icons Of India : ASHISH KUMAR CHAUHAN
Ashish kumar Chauhan, an Indian business executive and administrator, ...
PARTNER SPEAKERS
PSU
LIC - Life Insurance Corporation of India
LIC is the largest state-owned life insurance company in India...
ITI - ITI Limited
ITI Limited is a leading provider of telecommunications equipment, sol...
IREDA - Indian Renewable Energy Development Agency Limited
IREDA is a specialized financial institution in India that facilitates...
VIDEOS
Top 25 Brands
Global Indian industry
Indian Tech Talent Excelling The Tech World - Shantanu Narayen, CEO- Adobe Systems Incorporated
Shantanu Narayen, CEO of Adobe Systems Incorporated, is renowned for h...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
Indian Tech Talent Excelling The Tech World - Soni Jiandani, Co-Founder- Pensando Systems
Soni Jiandani, Co-Founder of Pensando Systems, is a tech visionary ren...
STARNITE AWARDS 2024
ITFORUM 2024
CMO of the Year
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
