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Intel Announces $77M in New Investments

HUNTINGTON BEACH, Calif. — Intel Capital, Intel Corporation’s global investment organization, reaffirmed its dedication to foster worldwide innovation with the announcement of 18 new investments. The new deals total approximately $77 million and were announced today at the 11th annual Intel Capital CEO Summit, Intel Capital’s gathering of portfolio company CEOs, corporate technology decision makers from Global 1000 companies and thought leaders from around the world. The new Intel Capital investments span 11 countries including Brazil, China, Germany, India, Israel, Malaysia, the Netherlands, Russia, Taiwan, Ukraine and the United States.

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. Additionally, these investments will help enable advancements in adjacent computing areas including smart TV, tablets and smartphones.

“Innovation continues to thrive all over the world,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president. “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.’ 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.”

2010 has also been an excellent year for Intel Capital portfolio companies. 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 successful exits of our portfolio companies demonstrate Intel Capital’s company building and business development capabilities,” Sodhani said.

The new investments 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.

{complink 6933|Intel Capital}

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