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Intel earmarks $26 million for six startup firms

Posted: 17 Feb 2011 ?? ?Print Version ?Bookmark and Share

Keywords:Intel's latest investments? mobile hardware business? Intel architecture-based platforms?

Intel Capital announced on February 14 that it will invest $26 million to finance six startup companies engaged in the mobile hardware business. The firm is the venture capital arm of the world's No. 1 chip vendor.

The recipients of Intel's latest investments include open source mobile software solutions company Borqs Beijing Ltd, location-based mapping platform and tools provider CloudMade Inc.; image sensor vendor InVisage Technologies Inc., open source online video platform Kaltura, online authentication provider SecureKey Technologies Inc., and unified communications and collaboration service software provider VisionOSS Solutions Ltd., Intel said.

The chipmaker did not disclose how much funding it provided to each firm.

Intel said each of the six companies it funded has developed innovative technologies to enhance the user experience across a continuum of devices, including handhelds, tablets and laptops, that run a variety of OS including MeeGo and Android.

"As more devices compute and connect to the Internet, it creates an opportunity to deliver new end-user capabilities by supporting the development of mobile infrastructure, applications, services and components for Intel architecture-based platforms," said Arvind Sodhani, president of Intel Capital, in a statement. "These six investments represent key growth areas of the mobile ecosystem and will contribute to bringing important features to the next generation of mobile devices."

Anand Chandrasekher, senior vice president and general manager of Intel's Ultra Mobile Group, said Intel is working with each of the six firms to help advance the company's mobile platform initiatives. "The investments, coupled with Intel's expanding set of capabilities in silicon, software and communications, will help the company accelerate plans across a variety of smart devices and market segments," Chandrasekher said.

Dylan McGrath
EE Times





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