Intel Capital adds Israel’s SCKipio, Parallel Machines to portfolio

SAN DIEGO – Intel Capital on Tuesday announced 11 new portfolio companies, including 2 Israeli companies, at the chipmaker’s venture capital fund’s global summit.The first, Ramat Gan-based SCKipio, was among 10 companies that received $22 million of investment. The company builds for G.Fast modems, which allows telecommunication companies to send huge amounts of data over existing infrastructure.”At SCKipio we are counting on having billions of devices out there, because what we do is connect those devices to the cloud, to the network,” said SCKipio CEO David Baum. Those devices are increasingly focused on sending and receiving huge media files. “We hope to solve this bottleneck in the future.”The second company, Tel Aviv-based Parallel Machines, gave Intel Capital warrants that will allow it to invest in the company at a later…


Link to Full Article: Intel Capital adds Israel’s SCKipio, Parallel Machines to portfolio