Intel Capital Expands Israel Team, Announces New $117M Global Investments

This article was first published by The Times of Israel and is re-posted with permission.

PHOENIX, Arizona — Intel Capital, the venture capital arm of US semiconductor giant Intel Corp., announced on Monday that it was growing its Israel team to further invest in Israeli startups and companies, having poured some $120 million into 14 Israeli ventures over the course of 2018. This is out of a total of 95 deals Intel engaged in last year to the tune of nearly $400 million in overall investments.

In Israel, Intel Capital said Roi Bar-Kat, previously with US fund Liberty Technology VC, and Noam Kaiser, formerly Amazon’s business development manager for the VC field in Israel, Spain, and Portugal, would be joining the local team as partners and investment directors. The fund’s Adi Caspi Zepkowitz was promoted to associate at Intel Capital and Shira Vissoker will be joining as a business analyst. Intel Capital said the Israel team would continue scouting for companies in all stages, with a focus on earlier stage startups.

The announcement came as Intel Capital held its annual Global Summit conference in Phoenix, Arizona — now in its 19th year — welcoming some 600 entrepreneurs, venture investors, business leaders, and Intel executives for the three-day event focused on the chipmaker giant’s achievements and future prospects. A number of senior officials from Intel’s portfolio companies in Israel attended the summit, including from transportation data startup Moovit (in which Intel led a $50 million investment), AI processor developer Habana Labs ($75 million), and gaming tech startup Overwolf ($16 million).

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