The fifth Tel Aviv cohort of Intel Ignite, Intel's startup growth program, kicks off on Sunday, featuring 10 startup companies that made it to the final found after a selection process that started with 220 applicants.
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This group is greatly focused on deep tech innovation impacting both industries and daily life. Each of the startups will be paired with an experienced mentor, and will receive a personalized program tailored to its specific business needs.
The Ignite program includes expert sessions on go-to market and sales, how to deal with building and growing a business, improving founders' relationships and mental health, and more.
The startups have raised an average of $5 million each to date.
"We are thrilled to welcome an outstanding group of entrepreneurs and startups to our fifth cohort," said Ranny Nachmias, Managing Director of Intel Ignite.
"This cohort has a heavy focus on deep technologies. In addition, the program will also include an exclusive CTO track which we are introducing for the first time. The track will focus on specific CTO pain points and challenges, and how to overcome them. We're looking forward to seeing how this group of startups will grow throughout the program, as well as to the discovery of the new ideas and strengthening of business relationships that will develop between the founders," Nachmias said.
The following companies made the cut:
CADY Solutions, which utilizes AI technology to perform automatic inspection and verification of electrical schematics.
ClairLabs, a platform for remote patient monitoring that features a novel contactless pulse oximetry technology.
DeepAI, whose breakthrough technology enables deep learning at a fraction of the cost and power of GPU systems for fast, secure, and scalable AI at the edge.
Echo3D, a cloud platform for 3D/AR/VR apps, games, and content.
Exodigo, which performs non-intrusive subsurface mapping.
Finout, the first self-service cloud cost observability platform that combines business metrics with cost for healthier business decision making.
Heliosphere, a production readiness platform for cloud-native and distributed applications.
HyperSpace, whose high-performance ML algorithms empower real-time predictions.
Illumex, which provides an active data catalog that helps companies use their data assets smarter and faster.
Oxeye, which performs cloud-native application security testing.
Illumex founder Inna Tokarov Sela said, "Intel Ignite is a highly endorsed program for startups, and I'm very excited to have the opportunity to take part."
"I spoke with a few recent graduates of the program, and what really stood out to me was that they all felt that there was never a wasted moment, which is so important as time is our most valuable asset. The list of mentors is outstanding and the agenda of the program covers all aspects of business and development. I personally expect to gain most from the storytelling and sales and marketing tracks. Additionally, gaining contacts within Intel will also be extremely valuable," Sela added.
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