To foster worldwide innovation, Intel Corp.’s global investment arm Intel (News - Alert) Capital has made 18 new investments for a total of approximately $77 million. It was announced at the 11th annual Intel Capital CEO Summit, a gathering of portfolio company CEOs, corporate technology decision makers from Global 1000 companies and thought leaders from around the world. According to Intel Capital (News - Alert), the new investments span 11 countries including Brazil, China, Germany, India, Israel, Malaysia, the Netherlands, Russia, Taiwan, Ukraine and the United States.
The startups from around the world include Adaptivity, Althea Systems, Anobit, boo-box, De Novo, IPTEGO, Layar, Lilliputian Systems, Inc, Ortiva Wireless (News - Alert), Rock Flow Dynamics, Select-TV, SilkRoad, Taifatech, Videon Central, Verismo Networks, Winchannel, YuMe and Yummly.com.
The new investments align with Intel’s strategic focus on fostering innovation in core PC and server market segments including cloud computing, mobility solutions and access to broadband wireless in geographies around the world, according to the investor. Additionally, these investments will help enable advancements in adjacent computing areas including smart TV, tablets and smartphones, said Intel Capital.
In a statement, said Arvind Sodhani (News - Alert), president of Intel Capital and Intel executive vice president, “Innovation continues to thrive all over the world. Despite the economic environment, these 18 investments help advance next generation computing technologies aligning with Intel’s vision that more and more devices will compute and connect to the Internet, called the compute continuum.” He added, “The innovative technology developed by these companies supports the compute continuum from advancements in PCs and server trends, such as cloud computing, to building out the ecosystem around smart TVs and smartphones.”
To date, 28 Intel Capital portfolio companies have exited in 2010 either through an IPO or acquisition. These exits clearly demonstrate Intel Capital’s dedication to support portfolio company business development efforts through events such as Intel Capital Technology Days (ITDs) and the Intel Capital CEO Summit, and are a key indication of the critical role technology innovation has played in driving the global economic recovery, the company said.