Intel Capital Investing $22 Million in eleven completely different Startups

Intel Capital just introduced they’re investing $22 million in 11 different startups, and that the challenge capital arm of the tech company is on track to invest $500 million in startups this year.

The announcement was once made at Intel Capital’s convention in San Diego. according to incoming Intel Capital president Wendell Brooks, the corporate is “on target to invest more than $500 million in startups in 2015.” the new startup investments also focus less on the e-commerce and cell promotion firms which have dominated Silicon Valley’s 2015 early-stage funding, and as an alternative center of attention on more numerous interests.

one of the crucial corporations that got funding rounds embrace FreedomPop, which bargains free mobile phone and data plans, Perfant technology, which producers panoramic cameras, what3words, which creates address and geolocation services for faraway areas, and KMLabs, which makes developed laser expertise. The adventure also integrated product demos from companies already in Intel’s portfolio, comparable to Avogy’s batteries that simultaneously charge laptops and telephones, and a Braille printer from Braigo Labs (which used to be based by using a 13-yr-old).

In 2014, Intel Capital spent approximately $359 million on startups.

Disclosure: The creator of this text is moderating a panel on the Intel Capital world Summit on Wednesday.