Intel Corp, one of the major manufacturer of computer components in the world, is planning to sell a part of its venture capital (VC) unit Intel Capital. The value of the part of assets to be offered for sale is estimated to be $1billion worth. UBS Group AG has been appointed to find out potential buyers for the sale of a part in venture capital unit.
Intel Capital had invested $60M in China-based drone manufacturer Yuneec International Co. to produce drones that would help the industry in the future. The chipset company also invested on Airware and PrecisionHawk.
Software startup Occipital has announced that the company received a round of funding from a group of investors. TechCrunch reports that the Series B funding worth $13 million was raised from investors Intel Capital, Shea Ventures, Grishin Robotics, and Foundry Group, who had previously participated in the first round of funding for Occipital.
Intel Capital, the venture capital arm of the global chip maker- Intel Corp, on Tuesday announced to allocate $125 million fund to back companies with women and minorities in leadership roles. This comes after its pledge in January to spend to $300 million over the next five years to promote diversity in the company.
If Shubham Banerjee cannot lay claim to being the world's youngest venture capital-backed entrepreneur, he comes very close. Banerjee was 12 years old when he closed an early-stage funding round with Intel Capital, the company's venture capital arm, last month for his prototype for a low-cost Braille printer.
Sprinklr has reaped $40 million Series D investment from financiers including Iconiq Capital, Battery Ventures and Intel Capital which brings the total funding for the startup to $77 million.
Gurgaon, India-based online travel agency Yatra.com took home INR140 crore in its fifth funding round led by IDG Ventures India and Vertex Venture Holding to fund future acquisitions.
Toulouse, France-based Internet of things (IoT) cellular network operator SIGFOX landed €15 million in its Series B funding round led by IDInvest and BPIFrance to accelerate the international deployment of its network.
Intel Capital is planning to pour $15 million in funding into Jerusalem, Israel-based smartglasses maker to continue helping visually impaired people using the startup's product.
San Diego, US-based facial expression recognition startup nabbed $6 million in a Series B funding round led by Seth Neiman and launched an app for Google Glass to track people's sentiments.
Sources told tech news website TechCrunch that Basis Health Tracker Watch maker Basis Science has been bought by Intel for anywhere from $100 million to $150 million.
San Mateo, US-based predictive analytics startup Reflektion scored $8 million in its second funding round led by Intel Capital and Nike to ramp up its sales and marketing activities.
Africa is already in the radar of large American technology corporations and venture capitalists as IBM, Microsoft and Intel Capital make bets on startups in the continent, TechCrunch reported.
San Francisco, California-based wearable tech firm Basis Science put itself up for sale and is currently in acquisition talks with Google, Apple, Samsung, and Microsoft, according to two sources familiar with the situation.
Intel Capital has forayed into the fast-growing world of 3D printing by making an investment in two 3D printing companies, Lithuania-based CGT Trader and US-based makexyz.