Intel Capital to invest $132M in Tech Startups
By MYBRANDBOOK
Intel Capital has announced another round of investment in technology startups. This time the company is distributing $132 million among 11 technology startups. The company said that in this round it “focused on artificial intelligence (AI), autonomous computing, and IC design,” but the word “focus” seems to be over-selling it. If there’s a theme to be found in the company’s picks this year, it’s automated and autonomous analytics tools for business applications.
Intel Capital’s marketeers can perhaps be forgiven for thinking that “automated and autonomous analytics tools for business applications” is just not sexy enough as a topic — or perhaps it’s simply too much of a mouthful. To be fair, we gave up trying to cram it into our headline.
This year the cluster of themed investments is Anodot, Astera Labs, and Retrace. Intel Capital describes Anodot as a company that uses machine learning (ML) to perform autonomous business monitoring. Hypersonix has developed an autonomous, AI-based analytics platform designed for consumer industries such as retail, restaurants, hospitality, and ecommerce. Retrace has developed a predictive analytics platform that also uses AI in real-time data to improve dental decision-making.
Anodot monitors a variety of business metrics that include everything from financial performance numbers to social media responses, and provides real-time, contextual alerts to “catch incidents that impact revenue and costs.” Examples of “incidents” include drops in success rate, customer incidents, app performance and other business metrics. The company’s customers include Atlassian, T-Mobile, UPS, Nordstrom and Pandora.
Hypersonix has a business approach that seems similar — it helps with “decisioning.” Founded in 2018, it too has built a platform that pulls in and analyzes a variety of metrics, also ranging in type and from disparate sources, from regional business performance numbers to web traffic statistics, for example. It just closed its Series A round of funding at the beginning of May which netted Hypersonix $11.5 million. The round had four investors led by Intel Capital.
Retrace is yet another company that helps with “decisioning” — dental decisioning. Retrace’s system basically does with dental records what Anodot and Hypersonix do with business metrics. Retrace makes a big deal of the fact that (for some reason it doesn’t get into) hackers have been going after visual dental records (x-rays and the like), trying to deliberately alter them to confuse AI systems that evaluate the data. Retrace says its system is designed to be secure against such cyberattacks.
There’s no financial trace of the company (Anodot and Hypersonix are listed in Crunchbase, for example, while Retrace is not), but it did set up a GoFundMe page two months ago that as of this writing had attracted zero dollars.
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