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.
Subscribe to NoCamels weekly newsletter and get our top stories
Related posts
Israeli Startup Rings Closing Bell At Nasdaq in NYC
March 28, 2024
Israeli, US Companies Unite To Make More Milk From Mushrooms
March 27, 2024
Facebook comments