SAN FRANCISCO—Intel Corp.'s venture capital investment arm Tuesday (Oct. 2) said it was investing about $40 million in 10 technology startups.
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Intel Capital, which made the announcement at the opening of its annual global summit meeting, did not disclose the amount being invested in each firm. Intel described the companies receiving investment as covering a range of technologies, from collaborating in the cloud and delivering enhanced digital entertainment to simplifying mobile payments and enabling new forms of device interaction.
Recipients of the investment include secure content sharing platform Box; Bollywood and South-Asian content distributor Hungama.com; IC design house FocalTech; social radio platform Jelli; social game developer LIFO Interactive; mobile proximity platform NewAer; e-payment platform PagPop; cloud services provider Tier 3; 3-D game developer Transmension; and mobile advertising provider UUCun, Intel said.
Intel Capital's Global Summit, now in its 13th year, brings together about 1,000 Intel-funded entrepreneurs and executives to exchange ideas and lay the groundwork for potential partnerships and deals. The event is taking place this week in Huntington Beach, Calif.
Many of these investments support the Intel Media initiative. A virtual cable operator will require more chips in the home to deliver better processing power for the services (and hence, Intel hardware moves from computing to other markets while they maintain control of the platform, h/w and s/w).