Intel Capital Fuels Cloud Innovation with a Combined $30 Million Investment in Three Startups

Business Wire 4-Feb-2019 11:00 AM

What's New: Intel Capital today announced an investment in Catalytic*, a four-year-old company that helps enterprise customers process data faster and more accurately by coordinating people, bots and artificial intelligence. The news follows investments announced last week in Fortanix* and Pliops*. These newest members of Intel Capital's portfolio are advancing innovation through intelligent automation, data security and storage processor technology – all critical areas to the growth of cloud computing. Intel Capital invested a collective $30 million in the three companies.

"The cloud has been one of the most transformative trends in enterprise computing – boosting productivity, cutting costs and creating flexible environments. But cloud adoption still faces momentous challenges, including security risks and an exponential rise in computing complexity. That's why we're pleased to announce new investments in three exceptional companies that will help overcome these challenges."-- Mauro D'Amato and Sunil Kurkure, investment directors at Intel Capital

Why It Matters: Software as a service (SaaS) applications and cloud platforms will continue to drive benefits for companies of all types and sizes. The future of SaaS applications will include AI-powered automation software to streamline workflow by automating common tasks. Additionally, wider adoption of the cloud will also require enhanced security protections and next-generation flash storage processors.

• Catalytic (Chicago) is a SaaS intelligent automation platform that can remove many of a business' manual data processing tasks. The platform has more than 200 actions that enable users to rapidly build an intelligent automation layer to process data, documents, emails, websites and systems. In addition to reducing manual effort, Catalytic shortens cycle time and improves accuracy.
• Fortanix (Mountain View, California) allows customers to more securely operate even the most sensitive applications without having to trust the cloud. The company provides unique deterministic security by encrypting applications and data everywhere – at rest, in motion and in use – with its Runtime Encryption* technology built upon Intel® SGX.
• Pliops (Ramat Gan, Israel) is creating a new category of product that enables cloud and enterprise data centers to access data up to 50x faster with 1/10th of the computational load and power consumption. Its technology collapses multiple inefficient layers into one ultra-fast device based on a patent-pending approach.

More Context: Intel Capital Blog | Intel Capital

About Intel

Intel (NASDAQ:INTC), a leader in the semiconductor industry, is shaping the data-centric future with computing and communications technology that is the foundation of the world's innovations. The company's engineering expertise is helping address the world's greatest challenges as well as helping secure, power and connect billions of devices and the infrastructure of the smart, connected world – from the cloud to the network to the edge and everything in between. Find more information about Intel at newsroom.intel.com and intel.com.

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