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 Pineapple-Based Burn Therapy Treating Injured US Troops
October 02, 2023

AI Can Predict Future Heart Attacks By Analyzing CT Scans
October 01, 2023

Israeli Startups Create Powerful Drone-Detecting Software
September 28, 2023

Model Sees Daylight As Boost For Hospitalized Patients’ Health
September 28, 2023
Facebook comments