Intel Capital

Chiplet Interconnect Pioneer Eliyan Closes $60 Million Series B Funding Round, Co-led by Samsung Catalyst Fund and Tiger Global Management to Address Most Pressing Challenge in Development of Generative AI Chips

Retrieved on: 
Monday, March 25, 2024
Wide Open West, Cleveland Avenue, HBM, Samsung Catalyst Fund, Growth, Intel Capital, AI, Tiger Global Management, Telescopic sight

Santa Clara, California--(Newsfile Corp. - March 25, 2024) - Eliyan ("Eliyan") Corporation, credited for the invention of the semiconductor industry's highest-performance and most efficient chiplet interconnect, today announced the closing of its latest funding round, totaling $60 million.

Key Points: 
  • Santa Clara, California--(Newsfile Corp. - March 25, 2024) - Eliyan ("Eliyan") Corporation, credited for the invention of the semiconductor industry's highest-performance and most efficient chiplet interconnect, today announced the closing of its latest funding round, totaling $60 million.
  • The funding was co-led by Samsung Catalyst Fund and Tiger Global Management and includes participation from existing investors, including Intel Capital, as well as SK hynix, Cleveland Avenue and Mesh Ventures, amongst others.
  • Eliyan's chiplet interconnect technology achieves up to 4x the performance and half the power of other solutions.
  • The company's NuLink PHY, proven on advanced process nodes, addresses both Die-to-Die and Die-to-Memory interconnect with its highly efficient performance metrics.

Tami Erwin, former CEO of Verizon Business, joins Skylo's Board of Directors

Retrieved on: 
Tuesday, March 26, 2024
Culture, Smartphone, Growth, Eric Schmidt, Intel Capital, Entrepreneurship, Verizon Business, Internet of things, Executive, 3GPP, DCM, NTN, Telecommunications, Management

MOUNTAIN VIEW, Calif., March 26, 2024 /PRNewswire-PRWeb/ -- Skylo Technologies, the pioneer in Non-Terrestrial Networks (NTN), is excited to announce the addition of Tami Erwin to its Board of Directors. Erwin's appointment brings a wealth of carrier experience and leadership to Skylo, reinforcing the company's position as a global leader in connecting smartphone and IoT cellular devices directly over satellite. Erwin's current board roles include prestigious positions at John Deere, F5, and York Space Systems, bringing a diverse and rich perspective to Skylo's strategic direction.

Key Points: 
  • Skylo proudly announces that Tami Erwin, a distinguished figure with over three decades of leadership in telecommunications, has joined its Board of Directors.
  • MOUNTAIN VIEW, Calif., March 26, 2024 /PRNewswire-PRWeb/ -- Skylo Technologies , the pioneer in Non-Terrestrial Networks (NTN), is excited to announce the addition of Tami Erwin to its Board of Directors.
  • Tami Erwin is renowned for her transformative leadership in the telecommunications industry, notably as the former Executive Vice President and CEO of Verizon Business.
  • "We're honored to welcome Tami Erwin to our board," said Parthsarathi Trivedi, CEO and Co-Founder of Skylo Technologies.

Figure Raises $675M at $2.6B Valuation and Signs Collaboration Agreement with OpenAI

Retrieved on: 
Thursday, February 29, 2024
ARK, Engineering, DeepMind, AI, Research, Investment, Azure, Partnership, Bezos Expeditions, Intel Capital, Aviation, Language, Qatalyst Partners, Life, Business development, BMW, Archer Aviation, Business, Ark Invest, Corporation, Robotics, Partner, Software

In conjunction with this investment, Figure and OpenAI have entered into a collaboration agreement to develop next generation AI models for humanoid robots, combining OpenAI's research with Figure's deep understanding of robotics hardware and software.

Key Points: 
  • In conjunction with this investment, Figure and OpenAI have entered into a collaboration agreement to develop next generation AI models for humanoid robots, combining OpenAI's research with Figure's deep understanding of robotics hardware and software.
  • The collaboration aims to help accelerate Figure's commercial timeline by enhancing the capabilities of humanoid robots to process and reason from language.
  • "Our vision at Figure is to bring humanoid robots into commercial operations as soon as possible.
  • Qatalyst Partners provided strategic and financial advice to Figure on this transaction.

BRIA Raises $24M Series A to Pioneer Responsible Visual Generative AI For Enterprises

Retrieved on: 
Wednesday, February 21, 2024
Open Platform, Investment, Sumitomo Corporation, Intel, API, TEL, Intel Capital, Generative, Getty Images, SDK, Head, Privacy, Publicis, Conceptual model, 3D printing

TEL AVIV, Israel, Feb. 21, 2024 /PRNewswire/ -- BRIA, the leading responsible visual generative AI open platform, today announced it has raised $24 million in Series A funding in a round jointly led by GFT Ventures, Intel Capital, and Entrée Capital with additional investors including, Publicis Groupe, Getty Images, Samsung Next, IN venture (Sumitomo Corporation, Japan), Atinum Investment (South Korea), Z Venture Capital (LY Corporation, Japan), Mirae Asset Venture Investment, J-Ventures, and others. The Series A investment will build on BRIA's success and strengthen its rich variety of generative capabilities such as text-to-video facilities, continue to enhance its open platform for developers and build its operations globally.

Key Points: 
  • BRIA's Generative AI Open Platform empowers companies to produce visual content at scale, tailored to their brand identity or visual style.
  • BRIA enables companies to easily tailor their visual requirements and allows developers to seamlessly integrate generative AI capabilities into any existing product, solution, or system as a source code and pre-trained model, API, and SDK.
  • "We are completely behind BRIA's mission to redefine visual generative AI, focusing on a transparent, responsible, and secure process for developing content while providing enterprises with a stronger value proposition in this field.
  • BRIA's approach is focused on building predictable, accurate, safe, and responsible visual generative AI, while simultaneously ensuring the ability to generate tailored unrivaled, high-quality visuals.

Statement of Renovaro Inc

Retrieved on: 
Wednesday, February 14, 2024
Research, CMO, MD, LOI, Intel Capital, Letter, Learning, Entrepreneurship, Business development, Consultant, Cube, Patient, Knowledge, Hindenburg Research, Science, Comment, Corporation, Cancer, Pharmaceutical industry

LOS ANGELES, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The following is a statement by Renovaro (Nasdaq: RENB) in response to Hindenburg's recent opinion piece:

Key Points: 
  • LOS ANGELES, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The following is a statement by Renovaro (Nasdaq: RENB) in response to Hindenburg's recent opinion piece:
    We felt compelled to comment on the shorter Hindenburg’s opinion piece.
  • The one thing Hindenburg got right is that the Board of the Company has remained steadfast in their confidence and support in the lifesaving potential of Renovaro.
  • In fact, four exceptional leaders in the field of technology and business have recently joined the Board.
  • Hindenburg Research makes no representation, express or implied, as to the accuracy, timeliness, or completeness of any such information….

Skylo Technologies Raises $37 Million From Intel Capital, Innovation Endeavors, BMW i Ventures, Samsung Catalyst, Next47 & Seraphim Space

Retrieved on: 
Tuesday, February 13, 2024
Eric Schmidt, Sony, Transport, Internet of things, Intel Capital, Original equipment manufacturer, Samsung, Samsung Catalyst Fund, Entrepreneurship, MediaTek, Behavior, BMW, Ecosystem, Qualcomm, NTN, Agriculture, Deutsche Telekom, Partnership, Renewable energy

MOUNTAIN VIEW, Calif., Feb. 13, 2024 /PRNewswire-PRWeb/ -- Investment Further Strengthens Industry Momentum of Skylo's Standards-Based Solution for Direct-to-Device Satellite Connectivity

Key Points: 
  • Skylo Technologies has raised $37 million from investors including Intel Capital, Innovation Endeavors, BMW i Ventures, Samsung Catalyst, Next47, and Seraphim Space to support its direct-to-device satellite connectivity solution.
  • Skylo Technologies , the leading direct-to-device satellite connectivity service provider, today announces that it has secured $37 million in funding co-led by Intel Capital and Innovation Endeavors .
  • New investors include BMW i Ventures , Next47 , Samsung Catalyst Fund and Seraphim Space .
  • David Johnson of Intel Capital joins the board, bringing a wealth of experience and insight to fortify Skylo's leadership team.

Cambridge Mechatronics Secures Over $40m Investment to Further Develop its Revolutionary Smartphone Imaging Technology

Retrieved on: 
Tuesday, February 13, 2024
Wearables, Mobile Technology, Mobile, Wireless, Technology, Semiconductor, Photography, Telecommunications, Software, Audio, Video, Hardware, Consumer Electronics, Social media, Sony, Multimedia, Traction, Lantto, Intel Capital, Growth, SMA, DXOMARK, Partner (business rank), Atlantic Bridge, OIS, Aluminium alloy, CML, 3D printing

CML is primarily focused on developing disruptive solutions for improving smartphone imaging, including SMA actuators and controller ICs.

Key Points: 
  • CML is primarily focused on developing disruptive solutions for improving smartphone imaging, including SMA actuators and controller ICs.
  • Its technology has shipped in over 70M products to date, including several of the world’s top-ranking smartphone cameras, according to industry experts DXOMARK.
  • The proven expertise in SMA actuator design and precise control hosted on dedicated semiconductors will enable Cambridge Mechatronics to expand beyond smartphone imaging to applications in healthcare, interactive entertainment, and beyond.
  • “We led this investment as we believe Cambridge Mechatronics has a unique and proven deep technology platform for SMA, which will usher new imaging paradigms for smartphones and beyond.

National Grid Partners Introduces New Leadership Structure and Sharpened Investment Focus to Accelerate Net Zero Progress

Retrieved on: 
Thursday, February 1, 2024
Sand Hill Road, LOS, NGP, Acceleration, Intel Capital, Carbon, Corporate venture capital, Investment, Leakage, Business development, Smith, National Grid, Pradeep, Public utility, Innovation, Renewable energy

LOS GATOS, Calif., Feb. 1, 2024 /PRNewswire/ -- National Grid Partners (NGP), the corporate venture capital and innovation arm of one of the world's largest utilities, today announced a streamlined leadership structure and refreshed investment focus to accelerate progress toward net zero and scale innovation across global energy networks.

Key Points: 
  • LOS GATOS, Calif., Feb. 1, 2024 /PRNewswire/ -- National Grid Partners (NGP), the corporate venture capital and innovation arm of one of the world's largest utilities, today announced a streamlined leadership structure and refreshed investment focus to accelerate progress toward net zero and scale innovation across global energy networks.
  • Led by Steve Smith, recently appointed president of NGP, these efforts bring National Grid's strategy, innovation and startup investing together under one umbrella.
  • The new structure is designed to maximize impact and further build on the parent company's transformational work to provide a clean, fair and affordable energy transition.
  • "National Grid Partners already offers critical financial resources and expert advice to some of the most exciting companies in climate tech and beyond.

National Grid Partners Introduces New Leadership Structure and Sharpened Investment Focus to Accelerate Net Zero Progress

Retrieved on: 
Thursday, February 1, 2024
Sand Hill Road, LOS, NGP, Acceleration, Intel Capital, Carbon, Corporate venture capital, Investment, Leakage, Business development, Smith, National Grid, Pradeep, Public utility, Innovation, Renewable energy

LOS GATOS, Calif., Feb. 1, 2024 /PRNewswire/ -- National Grid Partners (NGP), the corporate venture capital and innovation arm of one of the world's largest utilities, today announced a streamlined leadership structure and refreshed investment focus to accelerate progress toward net zero and scale innovation across global energy networks.

Key Points: 
  • LOS GATOS, Calif., Feb. 1, 2024 /PRNewswire/ -- National Grid Partners (NGP), the corporate venture capital and innovation arm of one of the world's largest utilities, today announced a streamlined leadership structure and refreshed investment focus to accelerate progress toward net zero and scale innovation across global energy networks.
  • Led by Steve Smith, recently appointed president of NGP, these efforts bring National Grid's strategy, innovation and startup investing together under one umbrella.
  • The new structure is designed to maximize impact and further build on the parent company's transformational work to provide a clean, fair and affordable energy transition.
  • "National Grid Partners already offers critical financial resources and expert advice to some of the most exciting companies in climate tech and beyond.

Xyte Secures $30M to Facilitate Subscription-Based Business Models for Device and Hardware Manufacturers

Retrieved on: 
Tuesday, January 16, 2024
Cloud, Entrepreneurship, Partnership, Ecosystem, BlackRock, Software, TEL, Schneider Electric, Partner (business rank), Original equipment manufacturer, Robotics, Intel Capital, Video game

MOUNTAIN VIEW, Calif. and TEL AVIV, Israel, Jan. 16, 2024 /PRNewswire/ -- Xyte, developer of the first all-in-one servitization platform for device and hardware manufacturers, today announced a $30 million investment round, which includes $20 million in Series A funding led by Intel Capital, with participation from Samsung Next and existing investors S Capital and Mindset Ventures, as well as $10 million in venture lending from funds and accounts managed by BlackRock. In conjunction with the financing, Roi Bar-Kat, Israel Country Manager and Managing Director at Intel Capital, will join Xyte's board of directors.

Key Points: 
  • Hardware commoditization and customer preferences are forcing device and hardware manufacturers to rethink their business.
  • Xyte Device Cloud is a full-stack servitization platform that empowers device and hardware manufacturers to introduce usage-based and other innovative as-a-service business models and develop sustainable customer relationships.
  • "The hardware-as-a-service model is imperative for device and hardware manufacturers to ensure their business success.
  • "We are confident that Xyte will play a pivotal role in shaping the ecosystem and enabling device and hardware manufacturers' businesses to flourish."