Intel’s deeptech accelerator announces its seventh cohort

Advances in AI have led to rapid expansion of Europe's deeptech sector since 2022.
Intel’s deeptech accelerator announces its seventh cohort

Intel Ignite, Intel's global startup accelerator program for early-stage deeptech startups, has announced the 10 startups who make up its seventh cohort, which will convene in Munich.

Deeptech is now the largest VC funding category in Europe according to Dealroom, with artificial intelligence and quantum computing startups raising the most capital.

The current cohort includes startups from Germany, Switzerland, France, the Netherlands, Spain and Sweden which have each raised €7M on average and are focused on broad spectrum of deeptech, from semiconductor manufacturing, silicon and photonics to memory compression, data streaming, AI processing, and applications in the robotics and satellite space.

The startups in the new European cohort are:

  • AIRMO - High-precision, AI-driven greenhouse gas (GHG) emissions analytics generated from own multi-sensor-equipped satellites.
  • Cartken - All vision-based, low-cost self-driving stack for outdoor robotics in industrial and last-mile delivery applications.
  • Flink - Multi-robot software platform enabled by AI computer vision and motion control intelligence.
  • LUBIS EDA - AI-driven cloud platform to preemptively detect and fix chip bugs before production.
  • NcodiN - Laser-integrated photonic technology for high-speed, energy-efficient interconnects in advanced chip packages.
  • Pathway - Unified batch and event stream data processing for complex, high-speed data transformations.
  • SCIL - Substrate conformal imprint lithography solutions for high-volume patterning at the nanoscale level.
  • Ultralytics - Provider of open-source YOLO models and no-code platform to build, train & deploy computer vision applications.
  • Waveye - AI-driven, high-res 4D radar imaging for autonomous systems.
  • ZeroPoint - Soft IP for hardware-accelerated, secure and lossless compression across the entire memory architecture.

Since the program launched in 2019, collectively, Intel Ignite alumni have secured over $2.5 billion in funding.

“Having recently been valued at $3 trillion in the latest State of European Tech report and attracting talent from around the world, the European tech ecosystem is thriving,” said Tzahi Weisfeld, VP & GM at Intel Ignite.

“At the end of the day, our mission from a macro perspective is to support and foster that ecosystem, and with these 10 disruptive startups joining Intel Ignite in Europe this spring, we are looking forward to not only working with them to help them find their go-to-market fit and increase their valuations and grow revenue, but also to empower the founders to do these faster and cheaper than they would have on their own, and to become key pillars in that continuously-growing ecosystem.”

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