Intel Corporation has announced plans to spin off its venture capital arm, Intel Capital, into an independent fund to enhance autonomy and attract external capital. Intel will remain an anchor investor, with the transition expected in the second half of 2025. Established in 1991, Intel Capital has invested over $20 billion in more than 1,800 companies, managing assets exceeding $5 billion.
• Current Assets Under Management: Over $5 billion
• Transition Timeline: Standalone operations to begin in the second half of 2025
• Future Structure: Intel Capital to operate under a new name with existing team members
“The separation of Intel Capital is a win-win scenario as it provides the fund with access to new sources of capital to expand its franchise while allowing both companies to continue benefiting from a productive long-term strategic partnership,” said David Zinsner, interim co-chief executive officer and chief financial officer of Intel.
Recent investments by Intel Capital include:
• AI21 Labs: Participated in a $208 million Series C round to advance AI systems for enterprise.
• Figure: Invested $9 million to support the development of general-purpose humanoid robots.
• Ayar Labs: Contributed to a $155 million Series D round to enhance AI infrastructure scalability.
• Skylo Technologies: Co-led a $37 million funding round to advance direct-to-device satellite connectivity.
• MerQube: Led a $22 million Series B funding to innovate in indexing technology for investment solutions.
• SiPhox Health: Led a $27 million Series A round to develop lab-grade home health testing using silicon photonics.
• Formant: Participated in a funding round to support enterprise growth in robotics management platforms.
• Buildots: Led a $15 million investment to enhance AI-driven construction technology solutions.
Some of Intel Capital’s most successful former investments and exits:
• Red Hat: An open-source software company that went public in 1999 and was later acquired by IBM in 2019 for $34 billion.
• VMware: A leading provider of virtualization and cloud computing software, which went public in 2007.
• DocuSign: A company specializing in electronic signature technology and digital transaction management, which went public in 2018.
• MongoDB: A developer of open-source database software, which went public in 2017.
• ASML Holding: A Dutch company and a key supplier of photolithography equipment for the semiconductor industry, in which Intel Capital invested to support advanced chip manufacturing technologies.
• iZettle: A Swedish fintech company offering mobile payment solutions, which was acquired by PayPal in 2018 for $2.2 billion.
• Moovit: An Israeli mobility-as-a-service company, which was acquired by Intel in 2020 for approximately $900 million.
• Habana Labs: An Israeli AI processor company, which was acquired by Intel in 2019 for approximately $2 billion.
