Intel to invest $30M in four U.S. startups
9/14/2010 2:54 PM EDT
SAN FRANCISCO—Intel Corp.'s venture capital arm said Tuesday (Sept. 14) it would invest more than $30 million in four U.S. technology startups.
The companies include Moab unified automation intelligence technology provider Adaptive Computing; analog IC physical design software developer Ciranova; cloud computing infrastructure and services provider Joyent; and energy software and services provider Nexant, according to a statement issued by Intel Capital.
Intel Capital did not disclose how much it was investing in each startup or provide other details on the terms of the agreements.
"A culture of investment is essential to keeping the U.S. on the leading edge of technology innovation and stimulating economic activity,” said Arvind Sodhani, president of Intel Capital and an Intel executive vice president, in a statement. “The investments in Adaptive Computing, Ciranova, Joyent and Nexant are the latest examples of Intel Capital’s commitment to advance the next technological breakthroughs by supporting innovation across a variety of sectors from chip design to cleantech to the cloud.”