Intel Capital

Intel founded Intel Capital in 1991 under then Executive Vice President Les Vadasz, originally to support the development of Intel’s ecosystem through equity investments in strategic companies.⁠[1]

On August 22, 2007, Intel Capital Corporation, a wholly owned Intel subsidiary, bought 9.5 million VMware Class A shares at $23 each, $218.5 million in total and about 12.6% of the Class A shares outstanding after VMware’s IPO; the filing lists Arvind Sodhani as Intel Capital’s president.⁠[2]

Anthony Lin, later head of Intel Capital, joined Intel in 2008 after 12 years in corporate finance, M&A and private equity at Banc of America Securities, ASAT, Merrill Lynch and PaineWebber; he holds a bachelor’s degree in economics from the University of California, BerkeleyUniversity of California, BerkeleyThe University of California, Berkeley (UC Berkeley) is a campus of the University of California system; the University of California was founded in 1868 through a merger of two institutions and moved to Berkeley, California, in 1873.Open the full entry.⁠[3]

On July 2, 2015, Intel announced that Sodhani would retire the following January after a 35-year career with the company, and that Wendell Brooks would take an expanded role as president of Intel Capital.⁠[4]

Intel Capital backed Astera Labs in 2018; the company went public in March 2024 at a $5.5 billion valuation and had a market capitalization of $9.8 billion a year later.⁠[5]

In July 2023, humanoid robot company FigureFigureFigure is a US AI robotics company founded by Brett Adcock in 2022. It develops general-purpose humanoid robots and the Helix control system for industrial logistics and household tasks. Its robot generations include Figure 01, Figure 02 and Figure 03, with production pilots at BMW.Open the full entry received a $9 million equity investment from Intel Capital, following its $70 million Series A led by Parkway Venture Capital.⁠[6]

On January 14, 2025, Intel announced plans to separate Intel Capital into a standalone investment fund, expected to operate independently under a new name in the second half of 2025, with Intel remaining an anchor investor; interim co-CEO and CFO David Zinsner called it “a win-win scenario.”⁠[7]

Intel said at the time that Intel Capital had invested in more than 1,800 companies and deployed more than $20 billion since its founding, with more than $5 billion in assets under management.⁠[7]

In February 2025, AI deployment platform TrueFoundry raised $19 million in a round led by Intel Capital.⁠[8]

By March 2025, four managing directors who had each been at Intel Capital for more than 20 years — Mark Lydon, Arun Chetty, Sean Doyle and Tammi Smorynski — had left; a spokesperson said the departures were not tied to the spinout.⁠[5]

On April 24, 2025, Intel CEO Lip-Bu TanLip-Bu TanLip-Bu Tan is a Malaysia-born entrepreneur and venture capitalist who founded Walden International in 1987, served as chief executive officer of Cadence Design Systems from 2009 to 2021, and has been chief executive officer of Intel since March 2025.Open the full entry said on the first-quarter earnings call, “We have made the decision not to spin off Intel Capital”; Intel planned to monetize the existing portfolio, be more selective with new investments and reduce its debt.⁠[9]

On January 20, 2026, Anthony Lin, who had led the team for about six years, wrote that Intel Capital had deployed more than $20 billion into over 1,800 start-ups, creating more than $200 billion in exit value, with exits including VMware, BroadcomBroadcomBroadcom is a semiconductor and infrastructure software company headquartered in Palo Alto, United States, with the ticker symbol AVGO. Its corporate history includes the merger of Avago and the former Broadcom Corporation, as well as acquisitions including CA Technologies, Symantec’s Enterprise Security business, and VMware.Open the full entry, MongoDB, Red Hat and Astera Labs; its focus was the future of compute, including AI, data center and foundry.⁠[10]

On August 19, 2026, Intel Capital announced its investment in AI video creation company HiggsfieldHiggsfieldHiggsfield is an AI visual-content company founded in 2023 and headquartered in San Francisco. Beginning with the Diffuse mobile app, it developed a browser-based production platform for creators, marketing teams and enterprises, combining proprietary and third-party models for images, video, storyboards, character consistency and multi-step creative work.Open the full entry.⁠[11]

On October 14, 2026, Intel Capital announced its investment in photonic networking chip company Salience Labs, saying it would support the company as it scales manufacturing.⁠[12]

As of October 2026, Intel Capital’s website describes it as the first corporate venture capital firm, says its investments have led to more than 700 IPOs and mergers and that it leads 75% of its deals on average, and groups its focus into cloud, devices, frontier and silicon.⁠[13]

Its team is led by Intel corporate vice president Anthony Lin, with managing directors in North America, Israel, Western Europe and Asia Pacific.⁠[14]

The subsidiaries list filed with Intel’s 10-K for fiscal 2025 includes Intel Capital Corporation, incorporated in Delaware.⁠[15]

Intel Capital: Official website: https://www.intelcapital.com/ (opens in a new window)⁠[13]

X: Official account: https://x.com/intelcapital (opens in a new window)⁠[13]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Official account: https://www.linkedin.com/showcase/intelcapital/ (opens in a new window)⁠[13]

Intel: Official website: https://www.intel.com/ (opens in a new window)⁠[7]