Chinese tech startups Cloudpick, EEasy Tech snag Intel Capital funding

FILE PHOTO: An Intel logo is seen at the company's offices in Petah Tikva, near Tel Aviv, Israel, October 24, 2011. REUTERS/Nir Elias/File Photo

Intel Capital has announced new investments totalling $117 million in 14 technology startups, including China’s Cloudpick Limited and Zhuhai EEasy Technology Co and Israel’s proteanTecs, according to an official release.

The 11 remaining startups are mostly from the US and represent communications, healthcare and manufacturing sectors.

The investments extend Intel Capital’s strategy of taking larger, more strategic positions in portfolio startups. Each year, Intel Capital puts $300 million to $500 million into innovative companies across a wide range of emerging technologies.

Shanghai-based Cloudpick Limited, a smart retail technology provider, enables highly digitized, intelligent, cashier-free stores with grab-and-go shopping experiences.

Cloudpick has collaborated with e-commerce companies, traditional retailers and payment partners worldwide to upgrade many brick-and-mortar stores’ shopping experiences.

EEasy Technology Co. Ltd is an AI system-on-chip (SoC) design house and total solution provider. Its offerings include AI acceleration; image and graphic processing; video encoding and decoding; and mixed-signal ULSI design capabilities.

Meanwhile, proteanTecs (Haifa, Israel) develops Universal Chip Telemetry for electronic systems throughout their entire lifecycle, increasing their performance and reliability.

“These companies are shifting the way we think about artificial intelligence, communications, manufacturing and health care – areas that will become increasingly essential in coming years as the linchpins of a smarter, more connected society,” said Wendell Brooks, Intel senior vice president and president of Intel Capital.

Since 1991, Intel Capital has invested $12.5 billion in more than 1,550 companies worldwide, and 670 portfolio companies have gone public or participated in a merger or acquisition.

Also Read:

Intel Capital leads Series A round for Chinese tech company CTAccel

Intel Capital invests in Chinese medical imaging firm HuiyiHuiying

Intel Capital leads Series B round in Chinese AI startup ICE TECH 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.