Intel Capital invests more than $60M in 8 deals
In Q1, Intel Capital invested $83 million in 36 deals worldwide, including 10 new deals, with approximately 81% of the investments in companies based outside North America.
By Ann Steffora Mutschler, Senior Editor -- EDN, June 3, 2008
Global chip leader Intel Corp announced this afternoon eight investments totaling more than $60 million, primarily led by its investment organization Intel Capital.
Companies receiving funding from Intel are India-based online education provider Vriti Infocom; Czech Republic-based online retail company Internet Mall; along with U.S.-based companies Accertify, which focuses on online security; workforce management software developer TOA Technologies; energy efficiency, smart grid aimed Grid Net; online health portal HealthiNation; and Latin American focused social networking site Vostu; and Internet television broadcasting system company Veoh Networks.
The announcement of the investment came during Intel’s ninth annual Intel Capital CEO Summit today, during which Intel said it also highlighted several recent investments that demonstrate its commitment to investing in global technology innovation, including an investment in Malaysia's Green Packet to advance WiMax and a joint business venture dedicated to social and economic development with Bangladesh-based Grameen.
“During the CEO Summit we strive to gather influential figures, business leaders, global decision makers and inspired entrepreneurs to collaborate on the next generation of innovative technologies throughout the world,” Arvind Sodhani, president of Intel Capital and executive VP of Intel, said in a statement.
In Q1, Intel Capital invested $83 million in 36 deals worldwide, including 10 new deals, with approximately 81% of the investments in companies based outside North America.
Last year, Intel Capital invested approximately $639 million in 166 deals with approximately 37% of funds invested outside the United States.
