Intel's venture arm invests $31M into six startups worldwide
By Colleen Taylor, Contributing Editor -- EDN, May 10, 2007
Leading chip maker Intel Corp.'s venture capital arm today announced a total $31 million of investments in a globe-spanning roster of six startup companies.
The deals, all led by Intel Capital, include: China-based social networking site 51.com; China-based microelectronics company Phoenix Microelectronics; Israel-based application management software company Aternity; Israel-based portable computing environment company Ceedo; Mountain View, Calif.-based internet telephony solutions provider JaJah; and New York City-based online education network Tutor.com.
"With global reach, larger investment stakes and active collaboration, Intel Capital is a leader in company building and becoming engaged with companies beyond our initial investment," Arvind Sodhani, president of Intel Capital, said in a statement.
In Q1 alone, Intel Capital said it invested $154 million in 43 deals worldwide, including 20 new deals. In line with plans stated last year to up its international investments, approximately 74 percent of Intel Capital's invested dollars were in companies based outside the United States, the firm said.
