The corporate venturing unit invested $25m to lead early-stage rounds for Velostrata, Sedona Systems and Panoply.io totalling $38.5m.
Intel Capital, the corporate venturing subsidiary of semiconductor technology maker Intel, has led funding rounds for three Israel-linked startups, investing a total of $25m.
Marcin Hejka, Intel Capital’s managing director for Greater Europe and India, told GCV: “[All three companies] are innovative products or technologies that in one way or another are driving development of the technology ecosystem in their market segments.
“At the same time, those are companies that are synergistic to Intel’s strategy in those specific areas.”
Velostrata, a US-based cloud workload mobility technology developer with R&D operations in Israel, raised $17.5m in a series B round also backed by venture capital firms Norwest Venture Partners (NVP) and 83 North.
The company’s technology enables businesses to combine features from public and private clouds into a hybrid cloud approach. The funding, disclosed as it makes its Velostrata 2.0 product widely available, will support an acceleration in growth and the…
