Intel's corporate venturing vehicle has announced participation in 14 funding deals and backed non-profit organisation HBCU.vc.

Intel Capital, the corporate venturing arm of semiconductor technology provider Intel, announced yesterday it has invested $117m in a total of 14 startups covering artificial intelligence, communications, manufacturing and healthcare technology.

The deals were announced at Intel’s Global Summit and form part of a planned provision of $500m each year by Intel Capital.

Wendell Brooks, president of Intel Capital and chairman of the GCV Leadership Society, said the investments represent “areas that will become increasingly essential in coming years…