Intel, a US-listed chip maker, has set up a $100m corporate venturing fund to help integrate human-like sensing technology into devices. 

Intel Capital, Intel’s global investment and mergers and acquisitons organisation, will manage the Intel Capital Experiences and Perceptual Computing Fund that will invest the $100m over the next two to three years. 

Its first deal from the fund was as part of a consortium investing $14.5m in the series A round for Canada-based Thalmic Labs, the maker of a wearable gesture control device called MYO. The other investors were venture capital firms Spark Capital, Formation 8, First Round Capital and FundersClub, and angel investors Paul Graham, founder of accelerator Y Combinator (YC), and Marc Benioff, chief executive of software provider Salesforce.

Thalmic graduated from YC this year – the accelerator provides $20,000 in return for a 2% to 10% equity stake.

More broadly, the Intel fund will invest in…

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