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Intel backs four more digital-home developers

Posted: 26 Apr 2004 ?? ?Print Version ?Bookmark and Share

Keywords:intel? ultrawideband? digital?

Intel Capital, the venture capital arm of Intel Corp., has announced its $200 million Digital Home Fund investment in four more companies. The company believes this will help realize its vision of a digitally-connected, streaming-multimedia home.

The announcement will be made by John Miner, president of Intel Capital, at the Intel Developers Forum this week in Barcelona, Spain.

The four new companies are: Staccato Communications Inc. and Wisair Inc., both ultrawideband technology developers; Trymedia Systems Inc., a secure distribution technology and services provider; and Digital 5 Inc., a provider of consumer electronics networking technology. The four will join ten other companies Intel Capital invested in prior to announcing activities in January at the Consumer Electronics Show. They include Synacor, MusicMatch, Zinio, Atom, and Envivio.

"We were investing in companies up to 18 months prior to the January announcement, and all those are grandfathered into the $200 million assigned to the fund," said Laura Anderson, a spokeswoman for Intel Capital.

Intel has become increasingly active in the digital-home market, particularly wireless. "There's lots of hype, but we see it becoming reality in the next year or so," she said.

To help nurture digital-home development, Anderson said the company is investigating a range of enabling technologies that complement Intel's technology. "This includes hardware, software, services, and we're even talking to Hollywood to develop the high-end content needed," she said.

According to Miner's statement, the four new members of the fund tackle issues such as interoperability, bandwidth and distribution. "We're completely focused on breaking down barriers to the development of this technology," said Anderson.

Specific investments were not disclosed. According to Anderson, however, "the amounts normally fall within the $1 to $10 million range - and that hasn't changed."

- Patrick Mannion

EE Times

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