Intel makes big VC investment in Orlando startup Beep

An Orlando-based business that less than two years ago launched operations has attracted the investment dollars of Intel Corp., the world’s seventh-biggest tech company. 

Intel Capital and Sunrise, Florida-based Blue Lagoon Capital led Beep Inc.’s latest — and biggest— venture capital raise. The autonomous shuttle operator landed roughly $20 million in a Series A investment round, Orlando Business Journal reported May 4. This capital funds Beep as it rolls out more routes and services in Florida and beyond, which local jobs to be created as a result.