Intel Capital

Last updated

Intel Capital Corporation
Company type Division
Founded1991;34 years ago (1991)
Headquarters
Santa Clara, California
,
U.S.
Area served
United States, China, Western Europe, Israel
Key people
Leslie L. Vadász
Products Venture capital
Parent Intel
Website www.intelcapital.com OOjs UI icon edit-ltr-progressive.svg

Intel Capital Corporation started off as the investment arm of Intel Corporation in 1991 and in January 2025, it spun off as a standalone investment fund. [1] 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 has been an active investor in artificial intelligence since 2014. Recent notable investments in artificial intelligence include SambaNova Systems, [2] Figure AI, [3] AI21 Labs, [4] Twelve Labs, [5] RunPod, [6] BRIA, [7] Anyscale, [8] MinIO, [9] Oxide Computer Company, [10] among many others.

Contents

History

Established by Les Vadasz in 1991, Intel Capital (originally named Corporate Business Development) was the first corporate venture capital firm. [11] It was first created to support the development of Intel's ecosystem through equity investments in strategic companies. [11] Many of these companies were engaged in the manufacture and development of chips, equipment, and software that fueled the demand for high-end personal computers. Intel Capital now makes investments internationally across North America, Western Europe, Israel, and Asia Pacific.

Intel Capital curates thousands of customer introductions each year between its portfolio companies and the Global 2000. [12] With more than US$20 billion invested over three decades, Intel Capital has become the world's largest corporate venture firm dedicated to advancing the future of compute. [11]

In January 2025, Intel announced that it would spin off Intel Capital into a standalone company. [13]

Investments

Notable exited Intel Capital investments include Red Hat, [14] VMware, [15] MongoDB, [16] ASML Holding, [17] Spot.io, [18] Astera Labs, [19] BabbleLabs, [20] Joby Aviation, [21] CloudGenix, [22] Accurics, [23] Venafi, [24] IMS Nano, [25] iZettle, [26] Moovit, [27] Habana Labs. [28]

References

  1. ↑ Wiggers, Kyle (January 14, 2025). "Intel spins off its corporate venture arm, Intel Capital, into a standalone fund".
  2. ↑ "$150M Raised for Series B Funding | SambaNova Systems". sambanova.ai. April 1, 2019. Retrieved November 13, 2024.
  3. ↑ Heater, Brian (July 17, 2023). "Intel Capital backs Figure's Humanoid robot to the tune of $9 million". TechCrunch. Retrieved January 20, 2025.
  4. ↑ "AI21 Completes $208 Million Oversubscribed Series C Round". www.ai21.com. Retrieved November 13, 2024.
  5. ↑ "Twelve Labs Raises $10M in Funding". FinSMEs. October 24, 2023. Retrieved November 13, 2024.
  6. ↑ "RunPod Raises $20M in Seed Funding Co-led by Intel Capital and Dell Technologies Capital".
  7. ↑ "Israeli visual generative AI co BRIA raises $24m". Globes. February 21, 2024. Retrieved January 20, 2025.
  8. ↑ "Anyscale Announces $40M in Series B Funding Led by NEA". Anyscale. Retrieved November 13, 2024.
  9. ↑ "MinIO Closes $103 Million Series B Round at $1 Billion Valuation to Accelerate Multi-Cloud Storage". GlobeNewswire News Room. January 26, 2022. Retrieved November 13, 2024.
  10. ↑ Oxide Computer Company (December 3, 2024). Oxide and Friends 12/2/2024 -- Intel after Gelsinger . Retrieved January 13, 2025– via YouTube.
  11. 1 2 3 Wiggers, Kyle (January 14, 2025). "Intel spins off its corporate venture arm, Intel Capital, into a standalone fund". TechCrunch. Retrieved January 20, 2025.
  12. ↑ Mawson, James (May 14, 2020). "Intel strives for new heights -". globalventuring.com. Retrieved January 20, 2025.
  13. ↑ "Intel to spin off its venture capital arm". Reuters. January 14, 2024.
  14. ↑ "Intel, Netscape back Red Hat". CNET. Retrieved November 13, 2024.
  15. ↑ "Intel makes $219M investment in VMware" . Retrieved November 13, 2024.
  16. ↑ "MongoDB Closes $150 Million in Funding". MongoDB. Retrieved November 13, 2024.
  17. ↑ "ASML wins funds for chip technology from Intel" . Retrieved November 13, 2024.
  18. ↑ Orbach, Meir (July 13, 2020). "NetApp completes Spot.io acquisition for $450 million". CTECH - www.calcalistech.com. Retrieved November 13, 2024.
  19. ↑ "Astera Labs Raises $150M in Series D At $3.15B Valuation". FinSMEs. November 18, 2022. Retrieved November 13, 2024.
  20. ↑ "BabbleLabs Raises $14 million Series A Financing from Dell Technologies Capital and Intel Capital to Accelerate Speech Technology" . Retrieved November 13, 2024.
  21. ↑ "Joby Aviation Secures $100M in Series B Funding | Joby". www.jobyaviation.com. Retrieved November 13, 2024.
  22. ↑ "CloudGenix Receives Investment from Intel Capital". FinSMEs. May 10, 2018. Retrieved November 13, 2024.
  23. ↑ "Accurics Raises $20 Million Venture Funding to Self-Heal Cloud Native Infrastructure" . Retrieved November 13, 2024.
  24. ↑ "Venafi Announces $39 Million in New Funding as Market Need to Protect Keys and Certificates Grows". venafi.com. Retrieved November 13, 2024.
  25. ↑ https://www.intel.com/pressroom/capital/pdfs/IMS_Series_B_Release.pdf
  26. ↑ "Square's Swedish Rival Gets $67 Million From Intel, Zouk Capital". Bloomberg.com. August 28, 2015. Retrieved November 13, 2024.
  27. ↑ "Moovit Raises $50 Million Led by Intel Capital to Expand its Global Urban Mobility Operating System". Moovit. February 21, 2018. Retrieved November 13, 2024.
  28. ↑ "Intel Capital leads investment in Israeli AI-processor startup Habana Labs" . Retrieved November 13, 2024.
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