Intel launches its 6th edition of the Ignite program for startups in Tel Aviv

The 6th edition of the Ignite program that was created by Intel for start-ups in Israel started this week. It brings together 10 companies starting their activity that were selected from a total of 200 dossiers.

This 12-week program will take place in Tel Aviv and each participating start-up will work with mentors, industry experts and business leaders through a personalized process. Objective: to grow and develop the business activities of the young company.

Intel launched the Ignite program in Tel Aviv in 2019 to tap into Israel’s rich tech ecosystem and help fledgling startups become high-impact technology companies that deliver on their innovation ambitions. The program later expanded to Munich, Germany, and Austin, Texas, with Tzahi (Zack) Weisfeld, who previously led the program in Tel Aviv and now assumes the role of General Manager and Director of Intel Ignite.

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Ranny Nachmias, an entrepreneur for 20 years and who mentored Ignite participants during the first and second editions of the program, took up the role in Israel. Nachmias was the founder of security technology startup Alcide in 2016. He served as managing director and created global customer satisfaction operations at Dynamic Yield, a company later acquired by McDonald’s.

Overall, Intel Ignite has worked with 48 start-ups in Israel so far and 20 start-ups in Europe that have since raised $700 million in venture capital funds, a doorman said.

Late last month, Intel announced the acquisition of computer technology startup Granulate for a price of about $650 million. Granulate, which participated in the first Intel Ignite program in 2019, has developed an AI-based optimization layer that helps improve computing performance. It also helps to better support tasks, reducing response times by 40% and IT expenses by nearly 60%, said Granulate.

The team at computer startup Granulate, which will be acquired by Intel. (Credit: Ravit Turkiya)

The ten start-ups selected for this sixth edition – the same happened with the previous ones – are companies specialized in deep technology (offer products or services based on breakthrough innovations through innovative scientific or engineering research – for example in artificial intelligence, robotics or quantum computing) and this in different sectors, particularly in digital health, sensors, development tools or cybersecurity .

Participating startups have raised an average of five million dollars in funding so far.

• explains that it can solve difficulties in Continuous Integration (CI), where developers merge their code changes, using predictive software.

• Verobotics has developed a robotics solution for the upkeep and maintenance of skyscrapers.

• Xyte developed a solution based on a cloud so that hardware manufacturers can realize “their full commercial potential”.

• Senser claims to offer “a data-driven service experience”.

• Predicta Med created a software platform for early detection of autoimmune diseases.

• Kahoona developed a platform “to generate first party data for the open web that allows companies to explore the data of their potential customers without compromising the users’ right to privacy.

• Volumez says it is building “the first global data management framework of its kind” to simplify data storage across different business environments. a cloud.

• PxE says its technology allows “machines to understand the world”.

• Dual Bird Technologies is a start-up specializing in accelerating data analysis.

• Oligo Security is currently launched in stealth mode.

Nachmias said in a statement that this 6th edition “has attracted an impressive number of applications from industry verticals.”

“I am very excited to see how the start-ups in this next edition will flourish over the course of the program,” he added.

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