Skip to main content

Intel Sinks $40 Million in 10 Tech Companies

A total of $40 million went to:

- content sharing platform Box
- content distributor Hungama.com
- chip designer Focaltech
- social radio Jelli
- social game company LIFO Interactive
- mobile proximity platform NewAer
- e-payment provider PagPop
- cloud services company Tier 3
- 3D game developer Transmension
- mobile advertising company UUCun

The announcement was made at the Intel Capital Global Summit, which reportedly hosts more than 1,000 Intel funded entrepreneurs. "Our annual Global Summit and the ongoing Intel Capital Technology Days provide our portfolio companies with unmatched access to the decision-making executives critical to revenue-generating sales or partnerships," said Intel capital president Arvind Sodhani in a statement. "The 10 new investments in innovative companies announced today stand to benefit greatly from these longstanding company-building resources."

Intel rarely benefits from its investments directly, but typically places its investments strategically to support its core businesses and support an increase in chip sales.

Contact Us for News Tips, Corrections and Feedback

  • silverblue
    I'd prefer to see this as investing in the future of the industry than buying favour, but then again, I try not to be too cynical. :P
    Reply
  • A Bad Day
    Good to see that Intel doesn't take EA's style.

    Buy everything...

    Then destroy it.
    Reply
  • winterlude
    Intel bought these companies to support their Ultrabook ecosystem.
    Reply
  • memadmax
    winterludeIntel bought these companies to support their Ultrabook ecosystem.
    Dude... they didn't "buy" these companies, they invested in them...

    Kids these days...
    Reply
  • mynameis1
    Dude... they didn't "buy" these companies, they invested in them...

    Kids these days...

    LOL!!! darn kids is right.
    Reply
  • winterlude
    Thank you for your correction. I should have written "invested" rather than "bought," but my point remains the same about Intel's intentions.

    Also, I am not a "kid." And since you referred to me as "dude," I suspect that I am older than you are. Let's just keep the discussion about tech and leave the insults and derision at the door.
    Reply
  • back_by_demand
    winterludeThank you for your correction. I should have written "invested" rather than "bought," but my point remains the same about Intel's intentions.Also, I am not a "kid." And since you referred to me as "dude," I suspect that I am older than you are. Let's just keep the discussion about tech and leave the insults and derision at the door.Well, it did say the following:-
    typically places its investments strategically to support its core businesses and support an increase in chip sales
    Ultrabook is really just a formfactor, their core businesses and chip sales cover all form factors and this spread of investments represent investing in the industry, so even though supporting Ultrabooks would not be a bad thing, it isn't quite that narrow a focus
    Reply
  • Shin-san
    $40 million isn't much for them, but I'm glad they are investing.
    Reply
  • The Ultrabook ecosystem is allready populated by Apple, The ecosystem that I am waiting for is populated by regular laptops with 1 or 2 Thunderbolt ports, in anticipation of the other ecosystem of the expansion box! Yes that new animal, with its PCIe slots, that connects to my laptop through a thuderbolt snake, and gives my laptop desktop graphics, and other PCI type animals! Maybe a whole render farm Of Xeon Phi animals for Raytracing to complement the herds of Quadros, FirePros, Radeons, GeForces! But with Chipzilla obsessed with the ultrabook ecosystem, and King Kong (Apple) the leader of that ecosystem, the
    expansion box ecosystem may have to wait.
    Reply
  • tomfreak
    So when they gonna invest a AI company or a game company to push their CPU usage?

    We are still missing a smart Operating system with an assistant. 6 cores CPU are useless to casual here, a very smart assistant will be a great boost for casual to return to desktop.
    Reply