Intel Sinks $100 Million Into AppUp

News
By Douglas Perry
published

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."

Douglas Perry
9 Comments Comment from the forums
  • de5_Roy
    4tiitoo certainly put the wet in WeTab :P
    Reply
  • synd
    Intel investing here and there 50+millions like it's no money for them
    Reply
  • ojas
    syndIntel investing here and there 50+millions like it's no money for themIt's money that'll create more money, they're not giving it away for free or something...
    Reply
  • zoemayne
    syndIntel investing here and there 50+millions like it's no money for themintel is making $ their still milking the death out of the cor 2's
    Reply
  • jimmysmitty
    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.
    Reply
  • jsjacobsny_00
    '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.
    Reply
  • Marco925
    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.
    Reply
  • amordegrim
    And yet not a single Intel android app in the appUp market ; P
    Reply
  • livebriand
    Oh yeah, I tried Appup when they had the free Angry Birds thing, quickly got tired of it, and uninstalled both.
    Reply