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Intel Sinks $100 Million Into AppUp

By - Source: Intel | B 9 comments

Intel still believes in its AppUp applications core and is now promoting the service with a $100 million investment.

Software tools and services companies can apply for funding to create "innovative applications and digital content for the mobile and PC ecosystem" that are offered for download via the AppUp service.

At its Intel Capital Global Summit, the company already announced twelve investments totaling $45 million. The first two companies to receive funding were Urban Airship, a mobile platform-as-a-service company and 4tiitoo, a German OSV and tablet device developer. 4tiitoo made a name for itself by creating the WeTab, which was one of the first companies working on an iPad rival, but did not live to the initial hype surrounding the WeTab so far.

"The explosion of connected computing devices  has created tremendous opportunity for entrepreneurs to create and build businesses to meet the unprecedented demand for new and innovative computing applications and digital content," said Arvind Sodhani, president of Intel Capital and Intel executive vice president, in a prepared statement. "The Intel Capital AppUp Fund will help encourage the creation of companies interested in delivering or enabling applications that enhance and extend the online experience for the 15 billion devices expected to be connected by 2015."

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  • -2 Hide
    de5_Roy , November 18, 2011 5:25 PM
    4tiitoo certainly put the wet in WeTab :p 
  • 0 Hide
    synd , November 18, 2011 5:40 PM
    Intel investing here and there 50+millions like it's no money for them
  • 1 Hide
    ojas , November 18, 2011 5:49 PM
    syndIntel investing here and there 50+millions like it's no money for them

    It's money that'll create more money, they're not giving it away for free or something...
  • Display all 9 comments.
  • 3 Hide
    zoemayne , November 18, 2011 6:04 PM
    syndIntel investing here and there 50+millions like it's no money for them

    intel is making $ their still milking the death out of the cor 2's
  • 0 Hide
    jimmysmitty , November 18, 2011 7:29 PM
    zoemayneintel is making $ their still milking the death out of the cor 2's


    Not sure ho thats even correcnt when the Core 2 lineup has been put to bed a long time ago. And while the SB arch has roots in Core, its not the same thing and took billions of R&D to create and is still currently the best option.

    And of course Intel will make money. You have to spend money to make money and Intel spends billions a year.
  • 0 Hide
    jsjacobsny_00 , November 18, 2011 10:47 PM
    'Software tools and services companies can apply for funding to create "innovative applications and digital content for the mobile and PC ecosystem" that are offered for download via the AppUp service.'

    ...Yeah; where is that?!? I just spent 10 minutes on the linked website, and I can't find any such application. It it's there, it's pretty well-hidden.
  • 0 Hide
    Marco925 , November 19, 2011 2:37 AM
    jimmysmittyNot sure ho thats even correcnt when the Core 2 lineup has been put to bed a long time ago. And while the SB arch has roots in Core, its not the same thing and took billions of R&D to create and is still currently the best option.And of course Intel will make money. You have to spend money to make money and Intel spends billions a year.

    I think he means that Socket 775 CPUs and motherboards continue to be widely available despite being two generations behind, I sell lots of Such boards and cpus as cheap $289 systems. they're still popular.
  • 0 Hide
    amordegrim , November 19, 2011 5:39 AM
    And yet not a single Intel android app in the appUp market ; P
  • 0 Hide
    livebriand , November 20, 2011 12:55 AM
    Oh yeah, I tried Appup when they had the free Angry Birds thing, quickly got tired of it, and uninstalled both.