$25 Million Investments Carried Out By Intel Capital

intel capital $25 Million Investments Carried Out By Intel Capital

Intel Capital, which is the financial and investment wing of the world’s largest computer chips manufacturer, Intel Corporation has announced that, it has invested $25 million in seven start up companies. Intel has been trying to support start ups especially in the times of the global economic recession, especially financially.

Some of the start up companies that have been provided with capital from Intel are, U.S.-based Joyent and Active Storage. Crucialtec from Korea, Gudeng Precision Industrial Co from Taiwan, V-cube from Japan, Phoenix New Media from China and NeuString from United Arab Emirates.

The latest rounds of investments by Intel Capital is an effort by Intel Corp. to rasie the demand for its products by paving the way for more and more start ups, that would then purchase equipments and other necessary hardware from Intel Corporation. Till this date, Intel’s total investment in companies has been valued at an astounding $219 million. Along with today’s seven funding, Intel Capital has also announced that, it in the process of finalizing ten more funding contracts with other start ups.

Here is an excerpt from the Press Release given by Intel Corp.:

“Joyent, Inc. (Sausalito, Calif.) provides cloud computing infrastructure and services to help customers rapidly and efficiently develop, deploy and manage Web applications and sites, and to improve datacenter performance. Joyent’s unique cloud computing technologies produce unprecedented performance, utilization rates, savings and security. Joyent will use the funding to accelerate its product development and for increased global expansion.

Active Storage (Los Angeles) provides a robust media storage platform for Apple-based infrastructures. The company’s hardware RAID solutions are aimed toward the business and creative industries, particularly video post-production, broadcast, publishing, education and science. The company intends to focus this round of funding on R&D and sales and marketing.

Crucialtec (Cheon-Ahn City, Korea) is a manufacturer of specialized input devices that utilize optical technology for mobile phones, smart phones and IPTV remote controllers. Crucialtec’s Optical Trackball enables users to enjoy the full internet experience with mobile products as they do with a PC. Intel Capital’s investment will help with the development of a new generation of mobile solutions for the global market by providing Crucialtec with additional working capital.

Gudeng Precision Industrial Co (Taipei, Taiwan) is a semiconductor front-end equipment manufacturer that helps customers enhance product yield and reduce production cost by providing customized products with innovative design concepts. Presently, Gudeng Precision is the world’s leading photomask and wafer handling total solution provider, and the company’s products are accepted and certificated by worldwide tier-one customers. Gudeng Precision will use the funding to expand business in China and enhance working capital.

V-Cube (Tokyo) develops and markets Web-based videoconferencing systems. Its flagship “nice to meet you” service enables one-to-one, one-to-many, and many-to-many interactive real-time communications and on-demand services over the Internet. Currently, V-cube is the largest service provider in Japan for Web-delivered visual communications. The investment will be used to further optimize the service for access from mobile Internet devices and netbooks, and to stream high-quality video over WiMAX wireless broadband networks.

NeuString (Dubai, UAE) delivers predictive analytics software and consulting services to mobile network operators, helping companies to achieve greater financial performance. The NeuString Optiprizer software allows operators to optimize pricing, reduce leakage and get real-time reporting on operational metrics. The investment from Intel Capital will be used for sales and marketing build-out and new product development.

Phoenix New Media (Beijing) provides dedicated and comprehensive portals to well-educated Chinese audiences of over 100 million. The portals, which are available on internet and mobile platforms, provide news and information generated from in-depth interviews, commentary columns, and social networks. The key features offered by Phoenix New Media help address Chinese netizens’ diverse needs on information, expression, interaction and entertainment.”

Via Venture Beat.

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