Sunday, July 21, 2024
-Advertisement-
Digital Senate
Digital Senate
Digital Senate
Digital Senate
HomeNewsStartupsIntel invests $30 million in three cloud computing startups

Intel invests $30 million in three cloud computing startups

Follow Tech Observer on Google News
Google News

Weeks after making investments in like and , the 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 -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.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
Bitcoin 2024
Bitcoin 2024
Bitcoin 2024
Bitcoin 2024
- Advertisement -Digital Senate
- Advertisement -Education Sabha
- Advertisement -Bitcoin 2024
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

Amazon Prime Day 2024 brings major discounts and new launches

Amazon Prime Day 2024 offers discounts across categories including Smartphones, TVs, Appliances, Fashion & Beauty essentials, Groceries, Amazon Devices, Home & Kitchen, Furniture, and Everyday Essentials.

RELATED ARTICLES