Intel Invests $77 Million In 18 Companies - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Infrastructure // PC & Servers

Intel Invests $77 Million In 18 Companies

Cloud and mobile computing and broadband wireless access are the technology areas of focus for the recipients, which are spread across 11 countries.

Intel is investing $77 million in 18 technology companies worldwide that are involved in cloud and mobile computing and in providing access to wireless broadband.

Intel is making the investments through Intel Capital, the chipmaker's investment arm. Intel made the announcement Tuesday at the Intel Capital CEO Summit in Huntington Beach, Calif.

The receiving companies align with what Intel calls the "compute continuum," which is based on the idea that the number of devices from PCs and smartphones to TVs will increase continuously. "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," Arvind Sodhani, president of Intel Capital, said in a statement.

The latest recipients of funding include Adaptivity, Althea Systems, Anobit, Boo-box, De Novo, IPTEGO, Layar, Lilliputian Systems Inc., Ortiva Wireless, Rock Flow Dynamics, Select-TV, SilkRoad, Taifatech, Videon Central, Verismo Networks, Winchannel, YuMe and Yummly.com. The companies are located in a total of 11 countries: Brazil, China, Germany, India, Israel, Malaysia, the Netherlands, Russia, Taiwan, Ukraine and the United States.

So far this year, 28 companies within Intel Capital's portfolio have exited either through an initial public offering or acquisition. In addition to the new investments, Intel Capital announced that it was making follow-on investments in GainSpan, JackBe, Fonality, TecTotal and Wortal.

Intel's recent investments also have included social gaming. In October, the company jumped into the hot market by joining the second round of funding for platform maker Aurora Feint, based in Burlingame, Calif. The OpenFeint platform powers 3,400 games for more than 45 million mobile gamers.

Intel's latest investments come as the company says it is on track in making 2010 its most profitable year ever. The company last week increased its quarterly cash dividend by 15%, to 18 cents per share, beginning in the first quarter of 2011.

SEE ALSO:

Top 5 Reasons Intel Is Winning And 4 Potential Pitfalls

Intel Bets On Aurora Feint In Mobile Gaming

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Commentary
Where Cloud Spending Might Grow in 2021 and Post-Pandemic
Joao-Pierre S. Ruth, Senior Writer,  11/19/2020
Slideshows
The Ever-Expanding List of C-Level Technology Positions
Cynthia Harvey, Freelance Journalist, InformationWeek,  11/10/2020
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
Slideshows
Flash Poll