Intel kicks off 6th cohort for Ignite startup program in Tel Aviv
Total of 48 Israeli early-stage startups have so far taken part in growth accelerator since 2019 launch in Israel
Ricky Ben-David is a Times of Israel editor and reporter
Intel’s Ignite program for startups in Israel kicked off its sixth cohort this week, selecting 10 early-stage companies out of 200 applicants for the growth accelerator.
The 12-week program will run in Tel Aviv and each selected startup will work together with mentors, industry experts and business leaders through a customized process to help grow its business.
Intel launched the Ignite program in Tel Aviv in 2019 to tap into Israel’s tech ecosystem and help nurture early-stage startups into high-impact, tech-forward companies. The program later expanded to Munich, Germany and Austin, Texas in 2020 with Tzahi (Zack) Weisfeld, who formerly led the Ignite Tel Aviv program, assuming a global role as general manager and head of Intel Ignite.
Ranny Nachmias, who has 20 years of entrepreneurial experience and served as a mentor for Ignite participants in the first two cohorts, took over the role in Israel. Nachmias founded the security startup Alcide in 2016, where he served as CEO, and set up the global customer success operations at Dynamic Yield, later acquired by McDonald’s
Overall, Intel Ignite has so far worked with 48 startups in Israel and 20 in Europe that have since raised a cumulative $700 million in venture funding, a spokesperson for the organization said, based on internal data.
Late last month, Intel announced the acquisition of Israeli computing tech startup Granulate for about $650 million. Granulate, which had participated in the very first Intel Ignite back in 2019, developed an artificial intelligence-powered optimization layer that helps improve computing performance. It also enables better handling of workloads, reducing response times by up to 40% and bringing down computing expenses by up to 60%, Granulate says.
The 10 selected startups for Intel Ignite’s sixth cohort, like those before it, are deep tech companies (based on deep scientific or engineering research and challenges, like AI, robotics, quantum computing) focused on different industries, including digital health, sensors, developer tools and cybersecurity, according to the announcement.
The participating startups have raised an average of $5 million in funding so far.
- redefine.dev says it can solve bottlenecks in Continuous Integration (CI), where developers merge their code changes, with predictive software.
- Verobotics developed a robotic solution for upkeep and maintenance of skyscrapers.
- Xyte developed a cloud-based solution for hardware manufacturers to realize their “full business potential.”
- Senser says it provides a “data-driven service experience.”
- Predicta Med made a software platform for the early detection of auto-immune diseases.
- Kahoona developed a “first-party data generation” platform for the open web that allows businesses to leverage audience data without compromising user privacy.
- Volumez says it is building the “first-of-its-kind global data management fabric” to simplify data storage in different cloud environments.
- PxE says its technology enables “machines to understand the world.”
- Dual Bird Technologies is a data analytics acceleration startup
- Oligo Security is currently in stealth mode.
Nachmias said in a statement that the sixth cohort “drew an impressive number of applicants from various verticals in the industry.”
“I am thrilled to see how the startups in the upcoming batch flourish along with the program…,” he said.
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