Intel Ignite Selects 10 Cutting-Edge Companies for America’s First Startup Growth Program

BOSTON, November 9, 2022 – Intel Ignite, Intel Corporation’s acceleration program for early-stage startups, today announced 10 startups selected for the first cohort in Boston. The 12-week program is scheduled to start on November 9.

After reviewing over 500 prospects, 60 high-potential startups went through a due diligence process. Then, 18 startups were pre-selected, of which 10 were finally selected. More than 100 Intel executives and CTOs, top venture capitalists, entrepreneurs, and ecosystem influencers heard in-depth presentations from the Founder Shortlist, rated companies on a range of traits, and helped Intel Ignite determine the final selected companies.

“This new Boston cohort represents an important milestone for the Intel Ignite program,” said Tzahi (Zack) Weisfeld, vice president and general manager, Intel Ignite. “Since 2019, 90 startups have graduated from our programs in Tel Aviv and Munich. The value created for participating startups, new business opportunities, and technological breakthroughs in products have earned us an impressive 93 Net Promoter Score by graduating startups.

Intel recently announced the expansion of Intel Ignite to Boston. In addition to existing programs in Tel Aviv and Munich, the inaugural program in the US will assign each startup to Intel Core Mentors and Industry Mentors for weekly meetings. The program will include sales and marketing workshops, assistance in accelerating product market fit, culture and team building, networking and coaching sessions with industry experts, including sessions on how to work in difficult economic situations. Mentors will advise startups on crisis management and share their takeaways for managing and building successful businesses, no matter the challenges.

The new cohort consists of a range of seed startups, each with an average funding of over $8.5 million in seed or pre-seed capital. They cover various technological innovations, from cloud computing and restaurant management to machine learning and artificial intelligence. The companies in Boston’s inaugural cohort are:

  • Atlantic Quantum Corp. – builds quantum computers with scalable control architecture.
  • Control Plane Corporation – sky computing solution that allows developers to run workloads across all clouds with the combined power and benefits of all vendors.
  • Einblick – enables data scientists to explore data, build predictive models, and deploy data applications in concert with stakeholders.
  • Geminus.ai – an industrial AI platform as a service (PaaS) that merges measurement data and physics to power efficient digital twins.
  • Hellometer – tracks customers’ dining experience to reduce service time.
  • Irradiant – Ultra-fast nanoscale 3D printing of metals, semiconductors and dielectrics to create the future of optics and photonics.
  • LASE Innovation – develops laser particles as new optical barcodes, focusing on advancing single-cell analysis for the life sciences.
  • Modzy – provides an MLOps software platform to integrate, run and monitor ML/AI models anywhere from the enterprise to the edge.
  • Normal Computing Corporation – Building a full-stack thermodynamic AI platform.
  • Revela – uses biological models and AI to develop new consumer health solutions.

“We are thrilled to welcome this impressive group of companies to the first Intel Ignite cohort in the US,” said Mark Castleman, general manager of Intel Ignite Boston. “Each of the startups selected for the Boston cohort is unique and disruptive. From quantum to AI to nano, these startups are building and innovating for the future, and they’re pushing the boundaries of what it means to create impact in deep tech. The founders are exceptional leaders, and we are happy to accompany them on their journey. »

First launched in 2019, the Intel Ignite program supports founders who set out to shape the future of technology. Participants participate in a 12-week program and connect with global business and technology leaders to receive personalized support, accelerate research and development, and develop a pathway to increase reach and influence.

The program focuses on the critical aspects of early-stage startup growth and is led by industry-leading experts, internal and external to Intel, to act as experienced program mentors and enable teams to explore great ideas in a collaborative environment.

There are currently 30 startups across three locations – Boston, Tel Aviv and Munich – participating in the Intel Ignite program.

Technology has the power to solve the world’s greatest challenges. Fostering an open ecosystem is the foundation of Intel’s approach and enables many different players, including Intel, to disrupt and create new markets.

To learn more about the Boston and Intel Ignite program, visit the Intel Ignite website.


Source: Intel

Ryan H. Bowman