Intel Capital announced $30 million investment in three start-ups such as Catalytic, Fortanix and Pliops.
Catalytic, based in Chicago, US, is a SaaS intelligent automation platform that can remove many of a business’ manual data processing tasks and improve accuracy. The platform has more than 200 actions that enable users to build an intelligent automation layer to process data, documents, emails, websites and systems.
Fortanix, based in Mountain View, California, allows customers to 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 – with its Runtime Encryption technology built upon Intel SGX.
Pliops, based in 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.
“Cloud adoption faces challenges, including security risks and rise in computing complexity. That’s why announced investments in three exceptional companies that will help overcome these challenges,” said Mauro D’Amato and Sunil Kurkure, investment directors at Intel Capital.