Intel Invests in $77 Million in Cloud and Mobile
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
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