Intel Capital Invests In Two Israeli Startups
4 November 2015 | Intel Capital, Intel’s global investment and M&A arm, announced last night that it is investing a total of $22 million in 10 startups, two of which are Israeli. Sckipio, a chip developer that hopes to deliver fiber-optic speeds for broadband access based on the G.fast modem standard; and Parallel Machines, an early stage company developing advanced predictive analytics and machine learning. Intel did not disclose the amount invested in each company, but stated that they have invested a total of $300 million in Israeli startups. Sckipio has already raised $27 million from venture capital firms Amiti Ventures, Aviv Ventures, Genesis Partners, Gemini Israel Ventures and Pitango Venture Capital.