Intel Capital
{{Short description|American corporate venture capital firm}}
{{Use mdy dates|date=March 2025}}
{{Infobox company
| name = Intel Capital Corporation
| logo = Intel Capital Logo.svg
| native_name =
| area_served = United States, China, Western Europe, Israel
| type = Division
| genre =
| key_people = Leslie L. Vadász
| products = Venture capital
| services =
| operating_income =
| parent = Intel
| divisions =
| subsid =
| footnotes =
| foundation = {{start date and age|1991}}
| location_city = Santa Clara, California
| location_country = U.S.
| location =
| locations =
| homepage = {{Official URL}}
}}
Intel Capital Corporation started off as the investment arm of Intel Corporation in 1991 and in January 2025, it spun off as a standalone investment fund.{{Cite web|url=https://techcrunch.com/2025/01/14/intel-spins-off-its-corporate-venture-arm-intel-capital-into-a-standalone-fund/|title=Intel spins off its corporate venture arm, Intel Capital, into a standalone fund|first=Kyle|last=Wiggers|date=January 14, 2025}} Intel Capital makes equity investments in a range of technology startups and companies offering hardware, software, and services targeting artificial intelligence, autonomous technology, data center and cloud, 5G, next-generation compute, semiconductor manufacturing and other technologies. The firm has been an active investor in artificial intelligence since 2014. Recent notable investments in artificial intelligence include SambaNova Systems,{{Cite web |last= |first= |date=April 1, 2019 |title=$150M Raised for Series B Funding {{!}} SambaNova Systems |url=https://sambanova.ai/press/sambanova-systems-announces-150m-series-b-from-intel-capital-and-gv-to-advance-its-breakthrough-ai-platform |access-date=November 13, 2024 |website=sambanova.ai |language=en}} Figure AI,{{Cite web |last=Heater |first=Brian |date=July 17, 2023 |title=Intel Capital backs Figure’s Humanoid robot to the tune of $9 million |url=https://techcrunch.com/2023/07/17/intel-backs-figures-humanoid-robot-to-the-tune-of-9-million/ |access-date=January 20, 2025 |website=TechCrunch |language=en-US}} AI21 Labs,{{Cite web |title=AI21 Completes $208 Million Oversubscribed Series C Round |url=https://www.ai21.com/blog/ai21-completes-208-million-oversubscribed-series-c-round |access-date=November 13, 2024 |website=www.ai21.com |language=en}} Twelve Labs,{{Cite web |last= |date=October 24, 2023 |title=Twelve Labs Raises $10M in Funding |url=https://www.finsmes.com/2023/10/twelve-labs-raises-10m-in-funding.html#google_vignette |access-date=November 13, 2024 |website=FinSMEs |language=en-US}} RunPod,{{Cite web|url=https://finance.yahoo.com/news/runpod-raises-20m-seed-funding-130700021.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAF5Gd8Q4t8DFdg46HlNTdzsgl8pZxx1AyOPeYzN3_6LqeKrpPnHqYAkG_fE7AiiixU4I20BY5RZoX_dOutyuZebksNwPoExAeevPsInmFSaz5-iQaYtT0Eu5l8jrfC3c82v263fsPY5bkJZYai8o8l3DLqlf0QGHYRdc2rQLT1fw|title=RunPod Raises $20M in Seed Funding Co-led by Intel Capital and Dell Technologies Capital}} BRIA,{{Cite news |date=February 21, 2024 |title=Israeli visual generative AI co BRIA raises $24m |url=https://en.globes.co.il/en/article-israeli-visual-generative-ai-co-bria-raises-24m-1001471733 |access-date=January 20, 2025 |work=Globes |language=en}} Anyscale,{{Cite web |title=Anyscale Announces $40M in Series B Funding Led by NEA |url=https://www.anyscale.com/press/anyscale-announces-usd40m-in-series-b-funding-led-by-nea |access-date=November 13, 2024 |website=Anyscale |language=en-US}} MinIO,{{Cite web |last= |date=January 26, 2022 |title=MinIO Closes $103 Million Series B Round at $1 Billion Valuation to Accelerate Multi-Cloud Storage |url=https://www.globenewswire.com/news-release/2022/01/26/2373539/0/en/MinIO-Closes-103-Million-Series-B-Round-at-1-Billion-Valuation-to-Accelerate-Multi-Cloud-Storage.html |access-date=November 13, 2024 |website=GlobeNewswire News Room |language=en}} Oxide Computer Company,{{Cite AV media |url=https://www.youtube.com/watch?v=aMqrE2G3gBQ |title=Oxide and Friends 12/2/2024 -- Intel after Gelsinger |date=December 3, 2024 |last=Oxide Computer Company |access-date=January 13, 2025 |via=YouTube}} among many others.
History
Established by Les Vadasz in 1991, Intel Capital (originally named Corporate Business Development) was the first corporate venture capital firm. It was first created to support the development of Intel's ecosystem through equity investments in strategic companies. Many of these companies were engaged in the manufacture and development of chips, equipment, and software that fueled the demand for high-end personal computers. Intel Capital now makes investments internationally across North America, Western Europe, Israel, and Asia Pacific.
Intel Capital curates thousands of customer introductions each year between its portfolio companies and the Global 2000.{{Cite web |last=Mawson |first=James |date=May 14, 2020 |title=Intel strives for new heights - |url=https://globalventuring.com/intel-strives-for-new-heights/ |access-date=January 20, 2025 |website=globalventuring.com}} With more than US$20 billion invested over three decades, Intel Capital has become the world's largest corporate venture firm dedicated to advancing the future of compute.{{Cite web |last=Wiggers |first=Kyle |date=January 14, 2025 |title=Intel spins off its corporate venture arm, Intel Capital, into a standalone fund |url=https://techcrunch.com/2025/01/14/intel-spins-off-its-corporate-venture-arm-intel-capital-into-a-standalone-fund/ |access-date=January 20, 2025 |website=TechCrunch |language=en-US}}
In January 2025, Intel announced that it would spin off Intel Capital into a standalone company.{{Cite news |url=https://www.reuters.com/markets/deals/intel-spin-off-its-venture-capital-arm-2025-01-14/ |title=Intel to spin off its venture capital arm |date=January 14, 2024 |publisher=Reuters}}
= Investments =
Notable exited Intel Capital investments include Red Hat,{{Cite web |title=Intel, Netscape back Red Hat |url=https://www.cnet.com/tech/tech-industry/intel-netscape-back-red-hat/ |access-date=November 13, 2024 |website=CNET |language=en}} VMware,{{Cite web |title=Intel makes $219M investment in VMware |url=https://www.eetimes.com/intel-makes-219m-investment-in-vmware/ |access-date=November 13, 2024}} MongoDB,{{Cite web |title=MongoDB Closes $150 Million in Funding |url=https://www.mongodb.com/company/newsroom/press-releases/mongodb-closes-150-million-funding#:~:text=The%20round%20includes%20participation%20from,best-funded%20Big%20Data%20technology |access-date=November 13, 2024 |website=MongoDB |language=en-us}} ASML Holding,{{Cite web |title=ASML wins funds for chip technology from Intel |url=https://www.reuters.com/article/technology/asml-wins-funds-for-chip-technology-from-intel-idUSBRE86819B/ |access-date=November 13, 2024}} Spot.io,{{Cite web |last=Orbach |first=Meir |date=July 13, 2020 |title=NetApp completes Spot.io acquisition for $450 million |url=https://www.calcalistech.com/ctech/articles/0,7340,L-3839415,00.html |access-date=November 13, 2024 |website=CTECH - www.calcalistech.com}} Astera Labs,{{Cite web |last= |date=November 18, 2022 |title=Astera Labs Raises $150M in Series D At $3.15B Valuation |url=https://www.finsmes.com/2022/11/astera-labs-raises-150m-in-series-d-at-3-15b-valuation.html#google_vignette |access-date=November 13, 2024 |website=FinSMEs |language=en-US}} BabbleLabs,{{Cite web |title=BabbleLabs Raises $14 million Series A Financing from Dell Technologies Capital and Intel Capital to Accelerate Speech Technology |url=https://www.businesswire.com/news/home/20190529006010/en/BabbleLabs-Raises-14-million-Series-A-Financing-from-Dell-Technologies-Capital-and-Intel-Capital-to-Accelerate-Speech-Technology |access-date=November 13, 2024}} Joby Aviation,{{Cite web |title=Joby Aviation Secures $100M in Series B Funding {{!}} Joby |url=https://www.jobyaviation.com/news/joby-aviation-secures-100m-in-series-b-funding/ |access-date=November 13, 2024 |website=www.jobyaviation.com}} CloudGenix,{{Cite web |last= |date=May 10, 2018 |title=CloudGenix Receives Investment from Intel Capital |url=https://www.finsmes.com/2018/05/cloudgenix-receives-investment-from-intel-capital.html |access-date=November 13, 2024 |website=FinSMEs |language=en-US}} Accurics,{{Cite web |title=Accurics Raises $20 Million Venture Funding to Self-Heal Cloud Native Infrastructure |url=https://www.businesswire.com/news/home/20201014005272/en/Accurics-Raises-20-Million-Venture-Funding-to-Self-Heal-Cloud-Native-Infrastructure |access-date=November 13, 2024}} Venafi,{{Cite web |last= |first= |title=Venafi Announces $39 Million in New Funding as Market Need to Protect Keys and Certificates Grows |url=https://venafi.com/news-center/press-release/venafi-announces-39-million-new-funding-as-market-need-to-protect-keys/ |access-date=November 13, 2024 |website=venafi.com |language=en}} IMS Nano,https://www.intel.com/pressroom/capital/pdfs/IMS_Series_B_Release.pdf iZettle,{{Cite news |date=August 28, 2015 |title=Square's Swedish Rival Gets $67 Million From Intel, Zouk Capital |url=https://www.bloomberg.com/news/articles/2015-08-28/square-s-swedish-rival-gets-67-million-from-intel-zouk-capital-idv9yhb8 |access-date=November 13, 2024 |work=Bloomberg.com |language=en}} Moovit,{{Cite web |date=February 21, 2018 |title=Moovit Raises $50 Million Led by Intel Capital to Expand its Global Urban Mobility Operating System |url=https://moovit.com/blog/funding-series-d-intel/ |access-date=November 13, 2024 |website=Moovit |language=en-US}} Habana Labs.{{Cite web |title=Intel Capital leads investment in Israeli AI-processor startup Habana Labs |url=https://www.timesofisrael.com/intel-capital-leads-investment-in-israeli-ai-processor-startup-habana-labs/ |access-date=November 13, 2024}}
References
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