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.