Dive Brief:

• Intel Capital announced it plans to invest more than $38 million in 12 technology startups, including several companies working on innovative enterprise technology initiatives.

• The investment branch of the technology giant made the announcement at its 17th annual Intel Capital Global Summit Monday.

• The organization will invest in technologies in the areas of data and connectivity, autonomous machines, sports and health, and virtual reality.

Dive Insight:

Several companies currently working on enterprise technology initiatives are on the list, Intel said, including Eazytec, which specializes in application software and firmware development, system integration and data center services; Paxata, which enables business analysts, data engineers and data scientists to transform raw data to information ready for business analysis; and StealthMine, which allows enterprise applications to run on encrypted data.

Investing in startups is a way for older technology companies like Intel to stay on the cutting edge of new technology development, which Intel needs to do as the technology landscape continues to shift. The company has struggled in recent years as demand for PC chips has cooled. Earlier this year, the company announced plans to reduce its workforce by 12,000 people by mid-2017.