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Intel Funds Cloudy & IP/Optical Startups

Intel Capital is putting its money where the cloud is this Wednesday, announcing investments in three startups.

Here's what Intel Capital is spending its moolah on, with the top round first:

The unit led the $17.5 million round for Velostrata, a San Mateo, Calif.-based startup that aims to make it easier for enterprise customers to adopt a hybrid public and private, multi cloud approach to business. Other investors include Norwest Venture Partners and 83 North. Velostrata has raised more than $31 million since it started in 2014.

Sedona Systems , meanwhile, is an Israeli startup that orchestrates the management of disparate optical and IP equipment layers. It has closed a $13.6 million series B funding round from Intel Capital and others. Sedona says that it will use the cash infusion to extend its global sales outreach to service providers and expand R&D. The startup has raised nearly $20 million since its inception in 2014. (See CEO Chat With Ori Gerstel, Sedona Systems and Sedona Boasts Multilayer Network Orchestrator.)

Other investors for the round are Bessemer Venture Partners and NextStar. Yair Shoham of Intel will join Sedona's board of directors.

Last and monetarily least is Panoply.io, with a $7 million series A round backed by Intel and Blumberg Capital. The startup, which is based in Tel Aviv and San Francisco, has developed a cloud platform intended to help companies analyze tens of different enterprise data sources in minutes.

— Dan Jones, Mobile Editor, Light Reading

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