Intel launches its 6th edition of the Ignite program for startups in Tel Aviv

The 6th edition of the Ignite program which was set up by Intel for start-ups in Israel started this week. It brings together 10 companies at the very beginning of their activity which have been selected out of a total of 200 applications.

This 12-week program will take place in Tel Aviv and each participating start-up will work with mentors, industry experts and business leaders through a personalized process. Objective: to grow and develop the business activities of the young company.

Intel launched the Ignite program in Tel Aviv in 2019 to tap into Israel’s rich tech ecosystem and help fledgling start-ups scale into high-impact tech firms that live up to their innovation ambitions. The program later expanded to Munich, Germany, and Austin, Texas, with Tzahi (Zack) Weisfeld, who previously led the program in Tel Aviv and now takes on the role of general manager and director of Intel Ignite.

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Ranny Nachmias, an entrepreneur for 20 years and who served as a mentor to Ignite participants during the first and second editions of the program, took over the role in Israel. Nachmias was the founder of security technology start-up Alcide in 2016. He served as its managing director and created global customer satisfaction operations at Dynamic Yield, a company later acquired by McDonald’s.

Overall, Intel Ignite has worked with 48 start-ups in Israel so far and with 20 start-ups in Europe that have since raised a cumulative $700 million in venture capital funds, a doorman said. -speech, relying on internal data.

At the end of last month, Intel announced the acquisition of computer technology start-up Granulate for a price of around $650 million. Granulate, which participated in the first-ever Intel Ignite program in 2019, has developed an AI-based optimization layer that helps improve computing performance. It also helps to better support tasks by reducing response times by 40% and lowering IT expenses by nearly 60%, Granulate said.

The team of computer technology start-up Granulate, which is to be acquired by Intel. (Credit: Ravit Turkiya)

The ten start-ups selected for this sixth edition – this was also the case for those that took place before – are companies specializing in the deep tech (they offer products or services based on breakthrough innovations through innovative scientific or engineering research – for example, in artificial intelligence, robotics or quantum computing) and this in different industries, particularly in digital health, sensors, development tools or cybersecurity.

Participating startups have raised an average of five million dollars in funding so far.

• explains that it can solve difficulties in Continuous Integration (CI), where developers merge their code changes, using predictive software.

• Verobotics has developed a robotic solution for the upkeep and maintenance of skyscrapers.

• Xyte has developed a solution based on the cloud so that hardware manufacturers can realize “their full commercial potential”.

• Senser claims to offer “a data-driven service experience”.

• Predicta Med has created a software platform for the early detection of autoimmune diseases.

• Kahoona has developed a platform “to generate first party data for the open web that allows companies to exploit the data of its potential customers without compromising the right to privacy of users.

• Volumez says it’s building “the first-of-its-kind global data management framework” to simplify data storage across different business environments. cloud.

• PxE says its technology allows “machines to understand the world”.

• Dual Bird Technologies is a start-up specialized in accelerating data analysis.

• Oligo Security is currently launched in stealth mode.

Nachmias said in a statement that this 6th edition “has attracted an impressive number of applications from industry verticals”.

“I’m very excited to see how the start-ups in this next edition will flourish throughout the program,” he added.

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Intel launches its 6th edition of the Ignite program for startups in Tel Aviv

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