Intel Capital adds Israel's SCKipio, Parallel Machines to portfolio

Intel Capital, which is set to surpass out a half-billion dollars of investment through the end of the year, said that Tuesday's announcements brought its total investments in Israel to $300 million.

November 3, 2015 22:52
1 minute read.
Investment graph

Investment graph. (photo credit: INGIMAGE / ASAP)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


SAN DIEGO – Intel Capital on Tuesday announced 11 new portfolio companies, including two Israeli companies, at the chipmaker’s venture capital fund’s global summit.

The first, Ramat Gan-based SCKipio, was among 10 companies that received $22 million of investment. The company builds for G.Fast modems, which allows telecommunication companies to send huge amounts of data over existing infrastructure.

Be the first to know - Join our Facebook page.

“At SCKipio we are counting on having billions of devices out there, because what we do is connect those devices to the cloud, to the network,” said SCKipio CEO David Baum.

Those devices are increasingly focused on sending and receiving huge media files.

“We hope to solve this bottleneck in the future.”

The second company, Tel Aviv-based Parallel Machines, gave Intel Capital warrants that allow it to invest in the company at a later date. Parallel machines focuses advancing predictive analytics and machine learning.

“It’s a transformative technology,” said Parallel Machines CTO Balint Fleischer.


The platform, he said, would help data scientists be more productive and help make a variety of technologies more precise.

Intel Capital, which is set to surpass half-a-billion dollars of investment through the end of the year, said that Tuesday’s announcements brought its total investments in Israel to $300m. in 75 companies, plus 11 acquisitions in the past decade.

“Israel is an incredible country, there’s so much technology that comes out of that country, it’s impressive,” said Marcos Battisti, Intel Capital’s managing director of Western Europe and Israel.

Aside from financial returns, Battisti says the company picks investments that further the ecosystem Intel operates in.

Intel Capital’s other investments included Prieto Battery, which is developing 3D batteries that could come in a variety of shapes; LISNR, which lets devices communicate using audio at level that humans cannot hear; and FreedomPop, which is creating a free alternative to traditional telecoms.

According to Battisti, Israel’s ecosystem is one of the best.

“If we compare Israel to any country in Western Europe, Israel is ahead,” he said.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Workers strike outside of the Teva building in Jerusalem, December 2017
December 18, 2017
Workers make explosive threats as massive Teva layoff strikes continue