Intel Capital has announced that it will be investing $22million in eleven different startups. This announcement was made recently at the Intel Capital’s conference in San Diego. This will make it is a total of $500 million invested in startups this year.
According to incoming Intel capital President Wendell Brooks, the new startup investments will focus less on the e-commerce and mobile advertising companies that have dominated Silicon Valley’s 2015 early-stage funding, and instead focus on more diverse interests.
Some of the startups that Intel Capital invested in for this year include:
- FreedomPop* (Los Angeles, California, U.S.) provides disruptive mobile services so no one is left off the “connected grid.” Launched in 2012, FreedomPop is rewriting the rules of the American telecoms industry, offering consumers access to free high-speed Internet and mobile phone services nationwide.
- LISNR* (Cincinnati, Ohio, U.S.) is the creator of Smart Tones, a new communication protocol that sends data over audio using a high-frequency, inaudible technology. It is a digital sound file that turns any speaker or piece of media into a beacon, working seamlessly across physical and digital spaces more effectively than all current solutions in the marketplace, most notably Bluetooth and traditional ACR. LISNR is the latest portfolio company to receive an investment from Intel Capital’s groundbreaking $125 million Diversity Fund.
- Sckipio* (Ramat Gan, Israel), the leader in G.fast modems, is the first company to announce and ship commercial G.fast chipsets that will deliver up to 2 Gbps broadband the last mile to the home over existing copper wiring.
- what3words* (London, United Kingdom) is a multi-award-winning addressing platform that allows people to find and communicate a location more accurately, more easily and with less ambiguity than GPS or postcodes (which don’t exist in many countries). what3words works across platforms, can be easily integrated into other applications and presents huge efficiency opportunities for businesses.
In 2014, Intel Capital spent approximately $359 million on startups.
