Intel Ignite, the early-stage accelerator programme by Intel Corporation aimed at deep tech startups, has recently announced the selection of 30 groundbreaking startups to join its spring ’23 cohort across the United States, Europe, and Israel.
Launched in 2019, the accelerator programme will utilise Intel’s vast resources to help early-stage deep tech companies achieve product-market fit, optimise their valuation, and drive lasting strategic impact.
Since the programme began, participating companies have achieved significant results with more than $1.5B in funding.
Over 800 startups applied for the spring ’23 cohorts. More than 300 judges, including Intel insiders and experts from the global startup ecosystem, participated in the evaluation process.
Tzahi Weisfeld, Intel Vice President and General Manager of Intel Ignite says, “We’re excited to welcome the spring ’23 cohorts to our program. Despite the current economic headwinds, these startups have already garnered an average of $7.1M in funding each. This shows that promising deep tech startups are still getting the funding they need to reach the next level.”
In this article, let’s look at the European startup that has been selected for the spring ’23 cohort.
HQ: Berlin, Germany
Akhetonics creates the first all-optical, general-purpose CPU/GPU for ultra-low power and high-performance computing.
This deep-tech startup is developing the world’s first AI-only video & image compression codec, which allows up to 5x data volume reduction while maintaining human-friendly video quality.
Decentralized Web Services (DWS)
Decentralized Web Services is a cloud provider that makes it easy for businesses to build and host secure applications affordably in the decentralised cloud.
HQ: Lausanne, Switzerland
Enlightra is developing a chip-scale multicolor laser engine for optical communications enabling 100x faster data rates and up to 10x more energy-efficient optical systems.
HQ: Aachen, Germany
InCirT provides ultra-high-performance and highly energy-efficient data converter solutions. It can be used in high-speed wireless communication systems such as mmWave5G and 6G, in satellites, in radar, in VR/AR systems, and other applications.
HQ: Barcelona, Spain
Qbeast optimises the organisation of data to simplify Engineers’ work and make it faster and cheaper to get insights, build data products, and train Machine Learning models at scale. The platform enables fast, open, and cost-efficient data lakes for BI and ML applications through smart data organisation powered by the most advanced open-source data lake format.
Qilimanjaro Quantum Tech
Qilimanjaro Quantum Tech is a deep-tech Quantum ASIC (QASIC) provider creating application-specific chips to provide quantum benefits now.
HQ: Utrecht, the Netherlands
Roseman Labs is a data-collaboration platform enabling companies to use each other’s data without exposing the underlying source data by computing decentralized, encrypted data.
HQ: Moorgate, England
TurinTech is a pioneering generative AI platform that optimises code and machine learning models, boosting speed and reducing hardware resource requirements.
United Manufacturing Hub (UMH)
HQ: Aachen, Germany
United Manufacturing Hub is an open-source SaaS platform that manages and automates factories and components in enterprise-grade industrial IT/OT environments via infrastructure-as-code.
Spanning across diverse technologies, including AI/ML, cybersecurity, hardware, and Web 3.0., these new cohorts have already begun the 12-week acceleration program.
During this time, the startups will work closely with leading mentors and industry experts to meet their specific business needs. This includes founders’ dynamics, go-to-market strategy, marketing and sales, product development and management, and recruitment.