The world's largest chip maker has announced that Intel Capital has invested $38 million in 12 start-ups at the annual Capital Global Summit in San Diego, California. The summit brings together thousands of entrepreneurs, business luminaries, and investors who are focused on shaping the future of technology.
According to Venture Beat, the latest investments from Intel went to companies which focus on big data analytics, augmented reality, autonomous machines and virtual reality.
Wendell Brooks, Intel senior vice present and president of Intel Capital, said that innovation is exploding as the world changes into a highly smart and connected place with billions of devices made smarter by intelligence in the cloud. He also expressed excitement about Intel Capital teaming up with visionary start-ups to bring about breakthrough technologies capable of transforming the lives of people and industries.
One of the start-ups is Dysonics. Dysonics pioneers 3D audio and has built a multi-direction microphone having eight microphones all in a 360-degree container. The company has also developed applications which allow sound to move around as users move their head, thereby creating realistic audio and also making the sound more focussed especially when viewed from a specific angle.
Another company to benefit from Intel Capital is Chronocam.The Paris-based company's product mimics the human eye with a special focus on the movements. The company is looking to develop more vision sensors and application that could provide better human visual experience.
Another prominent point is the fact that some of the investments from Intel Capital went into new Sports and Health firms. Intel CEO Brian Krzanich reflected the approach stating that digitization is the biggest changes coming to sports in decades.
Also, at the summit, Intel announced the formation of a new Intel Sports unit which focuses on the relationship between major sports leagues to make use of technologies which would provide fans with in-depth viewing and enjoyment experiences. This new unit will be headed by Wendel Brooks, the Intel Capital President.
According to Silicon Angle, Intel Capital has invested around $11.7 billion in over 1450 organizations worldwide and 605 portfolio companies since 1991.