Intel announced Tuesday it has chosen to invest in three Israeli start-ups,
among 16 start-ups it is channeling $65 million to worldwide.
annual Capital Global Summit in San Diego, the investment arm of the company
said it was looking specifically for “innovations in the cloud, data-center,
mobile technologies and consumer-related services.”
The Israeli start-ups
– Interlude, Reduxio Systems and Rocketick – span the range.
lets users create interactive videos, Reduxio is an advanced data-storage
platform and Rocketick offers “software simulation acceleration for chip
“Intel Capital views Israel as one of the strongest
markets for technology- and innovation- based investments, and the new
investments in Interlude, Reduxio and Rocketick only confirm our continued
commitment to invest in innovative companies in the country,” said Marcos
Battisti, Intel’s managing director for Western Europe and Israel.
nine countries that Intel announced investments in, Israel received the greatest
number outside the United States.