SAN FRANCISCO – May 21, 2024 – Scale AI, the data foundry for AI, today announced it has closed a $1 billion financing transaction, bringing the company to a valuation of nearly $14 billion. Existing investor Accel led the round with participation from returning investors including Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, … Continued
A developer-first AI Cloud Service Provider “AI is the raisins in raisin bread,” said Peter Norvig almost a decade ago. AI (raisins) is one type of software within an application (bread). AI and applications have different characteristics and infrastructure needs, but they co-exist and exchange a lot of data when coupled together. Since the launch … Continued
RunPod the first cloud provider for AI applications is attracting developers from across industries and accelerating platform growth Mt. Laurel, New Jersey., May 8th, 2024 – RunPod, the launchpad that empowers developers to deploy custom full-stack AI applications, today announced it raised $20M in Seed funding, co-led by Intel Capital and Dell Technologies Capital with … Continued
At Intel Capital, our mission is to invest in the future of compute, fostering innovation and driving technological advancements that shape the world around us. One of our most remarkable partnerships has been with Astera Labs, a company that has grown from a team of 25-30 individuals when we first invested to a thriving organization … Continued
In celebration of International Women’s Month, Intel Capital is honored to host Trina Van Pelt, Intel Capital Vice President and Senior Managing Director, in a series of conversations with three remarkable founders from Intel Capital portfolio companies Mighty Networks, MinIO, and Twelve Labs. The conversations celebrate the achievements of these women entrepreneurs, covering their journeys … Continued
In celebration of Black Heritage Month, Intel Capital is honored to host a series of conversations with Intel’s Chief Strategy Officer, Saf Yeboah, joined by two incredible founders who are creating innovative solutions that are changing the world. The conversations cover their ground-breaking work at the intersection of AI x Infrastructure and AI x Mobility from … Continued
Last week marked a monumental moment for Intel with our launch of “Intel Foundry,” the world’s first systems foundry for the AI era, delivering leadership in technology, resiliency, and sustainability. The announcement was made at Intel’s inaugural foundry event, Intel Foundry Direct Connect – the culmination of several years of work both internally at Intel … Continued
There’s no doubt that 2023 was the year of AI. Its explosive popularity ushered in a slew of new opportunities in technological innovation, societal improvement, and scientific discovery. And, while the markets performed better than anticipated as the economy seems to have escaped the much-threatened recession, the venture market was largely in retreat. In 2023, … Continued
In 2023 we witnessed one of the fastest adoption of technologies ever, with OpenAI’s ChatGPT crossing 100 million monthly active users within two months of launch. And today, over 56% of Americans use generative AI tools to do things like help them with homework, automate parts of their job, or improve work communications. However, enterprises … Continued
BRIA’s Generative AI Open Platform empowers companies to produce visual content at scale, tailored to their brand identity or visual style. [Tel Aviv, Israel – February 21, 2024] – BRIA, the leading responsible visual generative AI open platform, today announced it has raised $24 million in Series A funding in a round jointly led by … Continued