Intel Corporation’s subdivision Intel Capital said in a statement that it has invested $38 million in 12 different technology startups. The company made the announcement at the beginning of its annual Intel Capital Global Summit.
The proposed 17th annual Intel Capital Global Summit in San Diego, California, will attract close to 1,000 businesspersons, investors and business celebrities for an event that hopes to shape the future of Technology.
The world’s biggest chip maker’s newest investments include startups in big data analytics, autonomous machines, augmented reality, and virtual reality.
Intel senior vice president and president of Intel Capital Wendell Brooks, said in a statement that “Innovation is exploding as the world transforms into an increasingly smart and connected place, where billions of devices will be made even smarter by intelligence in the cloud, we’re excited to team with these visionary entrepreneurs developing breakthrough technologies to transform lives and industries.”
According to reports, speakers at the Intel Capital Summit include Marc Benioff, chairman and CEO of Salesforce.com; Aneel Bhusri, cofounder and CEO of Workday; John Donahoe, chairman of the board at PayPal; Brian Krzanich, CEO of Intel; Lowell McAdam, chairman and CEO of Verizon; and Bill Bradley, former U.S. senator, Olympian, and NBA Hall of Famer.
Most of these investments were made under the auspices of Intel Capital’s new Sports and Health focus, which uses a broad, cross-disciplinary tactic that spans multiple investing teams. The new concentration reflects recent comments by Intel CEO Brian Krzanich that “digitization is the biggest change in sports in decades.”
Moreover, Brooks said that the formation of a new Intel Sports unit focused on relationships with major sports leagues to power technologies such as Intel’s FreeD technology, which provides fans immersive viewing experiences. Brooks will oversee the business unit and expects it will work closely with Intel Capital’s Sports and Health effort.
Since 1991, Intel Capital has invested $11.7 billion in 1,458 companies worldwide, and 605 portfolio companies have gone public or been acquired.