Weeks after making investments in startups like Fortanix and Pliops, the Intel Capital announced on Monday that it was investing in Catalytic, a four-year-old company that helps enterprise customers process data faster and more accurately by coordinating people, bots and artificial intelligence. Now, the company collective investments in these three companies stood at $30 million.
“The cloud has been one of the most transformative trends in enterprise computing – boosting productivity, cutting costs and creating flexible environments. But cloud adoption still faces momentous challenges, including security risks and an exponential rise in computing complexity. That’s why we’re pleased to announce new investments in three exceptional companies that will help overcome these challenges,” said Mauro D’Amato and Sunil Kurkure, investment directors at Intel Capital.
Software as a service (SaaS) applications and cloud platforms will continue to drive benefits for companies of all types and sizes. The future of SaaS applications will include AI-powered automation software to streamline workflow by automating common tasks. Additionally, wider adoption of the cloud will also require enhanced security protections and next-generation flash storage processors.
Catalytic (Chicago) is a SaaS intelligent automation platform that can remove many of a business’ manual data processing tasks. The platform has more than 200 actions that enable users to rapidly build an intelligent automation layer to process data, documents, emails, websites and systems. In addition to reducing manual effort, Catalytic shortens cycle time and improves accuracy.
Fortanix (Mountain View, California) allows customers to more securely operate even the most sensitive applications without having to trust the cloud. The company provides unique deterministic security by encrypting applications and data everywhere – at rest, in motion and in use – with its Runtime Encryption* technology built upon Intel® SGX.
Pliops (Ramat Gan, Israel) is creating a new category of product that enables cloud and enterprise data centers to access data up to 50x faster with 1/10th of the computational load and power consumption. Its technology collapses multiple inefficient layers into one ultra-fast device based on a patent-pending approach.