# Espressif Receives Investment from Intel Capital and Beijing Singularity Power Investment Fund

DevFeed: [Espressif Receives Investment from Intel Capital and Beijing Singularity Power Investment Fund](<https://devfeed.tech/articles/espressif-receives-investment-from-intel-capital-and-beijing-singularity-power-investment-fund-13869.md>)

Original publisher: [Read original article](<https://developer.espressif.com/blog/espressif-receives-investment-from-intel-capital-and-beijing-singularity-power-investment-fund/>)

Author: John Lee

Published: 2018-05-08T00:00:00Z

Content type: news

Language: en

Sources: [Blog on Developer Portal](<https://devfeed.tech/sources/blog-on-developer-portal.md>)

Topics: [Espressif](<https://devfeed.tech/topics/espressif.md>), [Internet of things](<https://devfeed.tech/topics/iot.md>), [intel](<https://devfeed.tech/topics/intel.md>), [Artificial Intelligence](<https://devfeed.tech/topics/ai.md>)

Tags: [announcements](<https://devfeed.tech/tags/announcements.md>), [artificial-intelligence](<https://devfeed.tech/tags/artificial-intelligence.md>), [blog](<https://devfeed.tech/tags/blog.md>), [company](<https://devfeed.tech/tags/company.md>), [devices](<https://devfeed.tech/tags/devices.md>), [espressif](<https://devfeed.tech/tags/espressif.md>), [intel](<https://devfeed.tech/tags/intel.md>), [internet-of-things-iot](<https://devfeed.tech/tags/internet-of-things-iot.md>), [iot](<https://devfeed.tech/tags/iot.md>)

## AI overview

Espressif Systems announced that it received investment co-led by Intel Capital and Beijing Singularity Power Investment Fund. The company said the funding will support expansion, including research and development and work in artificial intelligence, while strengthening its IoT business.

## Source excerpt

Espressif Systems (or "Espressif"), a leading global IoT semiconductor company, announced today that it has received investment co-led by Intel Capital and Beijing Singularity Power Investment Fund L.P. (SPC). Espressif Systems' Founder and CEO Swee Ann Teo (1st from left) and the CEOs of other invested companies Espressif helps power the devices that are key to the Internet-of-Things (IoT) industry.