TEL-AVIV, May 2 – Intel® Ignite, Intel’s global startup accelerator program for early-stage deep tech startups, is launching its ninth cohort in Tel-Aviv, Israel on May 8th.
This cohort features a diverse group of startups spanning cross discipline technologies for developing, deploying and utilizing AI and generative AI across industries, including healthcare and life sciences and to combat the spread of misinformation. This cohort is also focused on privacy, trust and compliance and data management.
From an applicant pool of more than 250 companies, 10 startups were selected to participate in the 12-week program. The companies in this cohort have an average of $6.4M in funding.
The ten startups in this Tel-Aviv cohort are:
- Clarity – AI Cybersecurity company that protects enterprises and organizations from the threats of AI-based deepfake attacks
- Converge Bio – Revolutionizing the way biological R&D is conducted by creating the world’s first Generative AI platform for DNA, RNA & protein sequences
- FalkorDB – An ultra-low latency Graph Database that serves Knowledge to perfect RAG & LLM
- Filo – Lossless data compression technology, designed to significantly reduce storage requirements and enhance data transfer speeds without sacrificing data integrity
- Hiveware – Multi-processing verification system to get faster tape-out
- Kai.ai – A transformative SaaS Platform, providing scalable, AI-driven support that complements physical meetings with digital care, making mental health support accessible anytime, anywhere
- Noma – Secure Data & AI Lifecycle (currently in stealth)
- Onfire – The revenue OS for software infrastructure companies
- RAAAM Memory Technologies Ltd. – Developing the highest density on-chip memory in any standard CMOS process
- Tonic Security – Bridging the gap between cyber and business (currently in stealth)
“We’ve witnessed the rise of AI related funding in our deal flow process for this cohort – with a 50% increase in startups touting AI as their focus domain. This reflects the funding environment and traction companies are getting from investors. Namely, we see startups developing AI related infrastructure and vertical dedicated AI infrastructure, alongside applications” said Alon Leibovich, Managing Director, Intel Ignite Tel-Aviv. “Q1 24′ demonstrated another strong performance from the Intel Ignite Tel-Aviv portfolio with roughly $300M in exits and we have reasons to believe Q2 will deliver strong results as well.”
Intel Ignite has a proven track record of helping deep tech startups achieve significant strategic impact and get to product market fit faster. In fact, since the program launched in 2019, collectively, the companies have secured over $2.5 billion in funding.
“Tel-Aviv is where we first launched Intel Ignite, and I could not be more excited to kick off this ninth cohort there,” said Tzahi (Zack) Weisfeld, VP & GM at Intel Ignite. “These 10 companies are set to join and support the tech ecosystem in Israel, and beyond, as they scale their companies and develop their go-to-market strategies, and we are proud to begin this journey with them.”
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.
