Announcing the Startups Selected for Intel Ignite Europe’s Spring 2024 Cohort

Batch 7 Europe Selected Startup Companies

MUNICH, Germany, April 17, 2024 – Intel® Ignite, Intel’s global startup accelerator program for early-stage deep tech startups, is launching its seventh cohort in Europe on April 22nd.

The European program is based in Munich, Germany, with startups from across Europe. The current cohort includes startups from Germany, Switzerland, France, the Netherlands, Spain and Sweden. The 10 startups were selected from an applicant pool of more than 300 companies from 25 countries for the 12-week program.

Deep tech is now the largest venture capital funding category in Europe it’s also among the most resilient. “Intel Ignite, with its focus on deep tech, is at the very core of the European startup landscape, and plays a central role in fostering and nurturing the startup ecosystem in Europe,” said Markus Bohl, Managing Director, Intel Ignite Europe.

The startups in the seventh European cohort have an average of €7M in funding and are focused on broad spectrum of deep tech, 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 (Germany) – High-precision, AI-driven greenhouse gas (GHG) emissions analytics generated from own multi-sensor-equipped satellites.
  • Cartken (Germany) – All vision-based, low-cost self-driving stack for outdoor robotics in industrial and last-mile delivery applications.
  • Flink (Switzerland) – Multi-robot software platform enabled by AI computer vision and motion control intelligence.
  • LUBIS EDA (Germany) – AI-driven cloud platform to preemptively detect and fix chip bugs before production.
  • NcodiN (France) – Laser-integrated photonic technology for high-speed, energy-efficient interconnects in advanced chip packages.
  • Pathway (France) – Unified batch and event stream data processing for complex, high-speed data transformations.
  • SCIL (Netherlands) – Substrate conformal imprint lithography solutions for high-volume patterning at the nanoscale level.
  • Ultralytics (Spain) – Provider of open-source YOLO models and no-code platform to build, train & deploy computer vision applications.
  • Waveye (Germany) – AI-driven, high-res 4D radar imaging for autonomous systems.
  • ZeroPoint (Sweden) – Soft IP for hardware-accelerated, secure and lossless compression across the entire memory architecture.

“From AI based multi-sensor data analysis and autonomous systems, to addressing the chip manufacturing, data processing and computer vision needs of the future, the startups in our latest cohort have the ability to change the world,” said Bohl. “The innovations they have developed are poised to disrupt entire industries in a sustainable way, and we are excited to go on this journey with them to help them accelerate the growth and development of their companies.”

Intel Ignite has a proven track record of helping deep tech startups achieve significant strategic impact and get to product market fit more quickly. In fact, since the program launched in 2019, collectively, the companies have secured over $2.5 billion in funding. Intel Ignite’s portfolio median for 2023 exceeded the Dealroom median by 8x for seed rounds and reached more than double the Dealroom median for Series A rounds.

“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 (Zack) Weisfeld, VP & GM, 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.”

About Intel Ignite

Launched in 2019, the Intel® Ignite program supports founders whose goal is to change the world for the better using disruptive technology. The 12-week program focuses on all aspects critical to the success of early-stage startups. Global business and technology leaders individually mentor the startups to further accelerate their growth and enable them to successfully realize their breakthrough ideas. The Intel Ignite accelerator program for startups has seen 176 companies participate to date globally, in its programs in Europe, Israel, UK and the US. For information, visit https://intelignite.com.

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Luis Zeno Kuhn - Intel Ignite

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