Intel Capital has announced investments in 16 new technology companies, totalling $65-million. Spanning nine countries, the investments will help drive innovations in the cloud, data centre, mobile technologies and consumer-related services.
Announced at the 14th annual Intel Capital Global Summit held in San Diego, the new investments are part of Intel Capital’s mission of cultivating global innovation by providing entrepreneurs with the resources necessary to scale from start-up to global corporation level.
Designed to create growth opportunities for Intel Capital portfolio companies through structured networking, the Intel Capital Global Summit includes a full agenda of keynote presentations, expert panels and more than 2 000 targeted meetings between portfolio company CEOs and key business executives.
Portfolio companies attending past Global Summits have gone on to sign business deals with leading corporations across a wide range of industries.
“The annual Intel Capital Global Summit brings together our vast worldwide network of decision-making Fortune 1000 executives with our portfolio company CEOs to network, exchange ideas and kick start partnerships and business deals,” says Arvind Sodhani, president of Intel Capital and Intel executive vice-president.
“We are also excited to announce new investments in these 16 innovative companies and look forward to supporting them with our unmatched company-building programs like the Intel Capital Technology Days.”
The investments include cloud consultancy CloudFX, (Singapore); cloud storage software provider Cloudian (Japan/US); community website and services platform CSDN (China); 3D software developer DotProduct (US); cloud file service Fileforce (Japan); interactive video platform Interlude (Israel); high-speed connectivity products company Lintes Technologies (Taiwan); mobile news syndicator Mobile Republic (France/US); business continuity and disaster recovery platform Perpetuuiti TechnSoft Services (Singapore/India); visual merchandising and analytics solutions Prism Skylabs (US); hybrid storage provider Reduxio Systems (Israel); chip simulation acceleration Rocketick (Israel); car rental company Savaari Car Rentals (India); semiconductor materials developer SBA Materials (US); open source database solutions SkySQL (Finland); and wireless electricity developer WiTricity (US).