Intel Capital, the corporate venturing subsidiary of semiconductor technology maker Intel, has led funding rounds for three Israel-linked startups, investing a total of $25m.
Marcin Hejka, Intel Capital’s managing director for Greater Europe and India, told GCV: “[All three companies] are innovative products or technologies that in one way or another are driving development of the technology ecosystem in their market segments.
“At the same time, those are companies that are synergistic to Intel’s strategy in those specific areas.”
Velostrata, a US-based cloud workload mobility technology developer with R&D operations in Israel, raised $17.5m in a series B round also backed by venture capital firms Norwest Venture Partners (NVP) and 83 North.
The company’s technology enables businesses to combine features from public and private clouds into a hybrid cloud approach. The funding, disclosed as it makes its Velostrata 2.0 product widely available, will support an acceleration in growth and the mid-to-large enterprise market is a target.
NVP and 83 North previously provided $14m in series A funding for Velostrata in August 2015.
Sedona Systems, developer of an IP/optical converged control platform for service provider networks, secured $13.6m in a series B round also featuring NexStar Partners and existing investor Bessemer Venture Partners.
The capital, which follows an undisclosed amount of funding from Bessemer in September 2014, will go to strengthening Sedona’s global sales and R&D capabilities.
Lastly, Panoply.io, a Tel Aviv and San Francisco-based startup that is working on analytics cloud infrastructure technology for enterprises, has raised $7m in a series A round that also included Blumberg Capital, a participant in Panoply’s $1.3m seed round in September 2015 together with 500 Startups and FundersGuild.
Panoply launched its analytics infrastructure-as-a-service platform in closed beta in late 2015, and intends to open it up more widely in the next few weeks. It will put the funding towards beefing up its sales, marketing and customer support teams.
Intel Capital has now deployed $345m in a total of more than 80 Israeli companies since 1997.