Intel invests in three Israeli start-ups

Intel announced Tuesday it has chosen to invest in three Israeli start-ups, among 16 start-ups it is channeling $65 million to worldwide.

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October 23, 2013 22:26
THE BRAND new – and very green – IDC9 building in

Intel 311. (photo credit: Intel Israel)

 
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Intel announced Tuesday it has chosen to invest in three Israeli start-ups, among 16 start-ups it is channeling $65 million to worldwide.

At its 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.”

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The Israeli start-ups – Interlude, Reduxio Systems and Rocketick – span the range.

Interlude lets users create interactive videos, Reduxio is an advanced data-storage platform and Rocketick offers “software simulation acceleration for chip verification.”

“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.

Of the nine countries that Intel announced investments in, Israel received the greatest number outside the United States.

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