Feeds

Intel unveils $100m plan to juice AppUp Center devs

Mucho mazuma for 'application developer-centric equity deals'

Combat fraud and increase customer satisfaction

Intel Capital has unveiled a new $100m AppUp Fund to jumpstart companies developing content for its online Intel AppUp Center store, which is currently limited to software running on Windows XP, Windows 7, and MeeGo devices based on the Atom processor.

"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," said Intel Capital president Arvind Sodhani in a canned statement, released at the Intel Capital Global Summit currently underway in Huntington Beach, California.

In a spurt of fine investor-speak, the statement notes that the Fund will invest in companies developing "infrastructure, middleware, innovative applications and digital content across the continuum of connected devices in application developer-centric equity deals all over the world."

The first two Fund investments, announced at the Summit, are going to Urban Airship, a Portland, Oregon mobile-marketing enabler, and Germany's 4tiitoo AG, developer of the MeeGo-based WeTab OS fondleslab operating system. The company's hardware arm, WeTab GmbH, makes the WeTab tablet – and we presume you can guess which operating system it runs.

At the Summit, Intel also announced 10 additional investments totalling $40m, in companies in China, India, Japan, South Korea and Taiwan. Those investments, Intel said "reflect Asia's position at the forefront of global technology innovation."

Intel Capital said that a total of $45m in investments were announced at the Summit, and with the Asian companies getting $40 million it's clear how much was left over for Urban Airship and 4tiitoo to split, although a breakdown was not revealed.

If you're interested in getting your slice of the Chipzillian investment pie, know that Intel Capital has eight offices spanning the globe – check out their contacts page to discover which office you should visit, hat in one hand and business plan in the other. ®

Combat fraud and increase customer satisfaction

More from The Register

next story
OpenBSD founder wants to bin buggy OpenSSL library, launches fork
One Heartbleed vuln was too many for Theo de Raadt
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Ubuntu 14.04 LTS: Great changes, but sssh don't mention the...
Why HELLO Amazon! You weren't here last time
Got Windows 8.1 Update yet? Get ready for YET ANOTHER ONE – rumor
Leaker claims big release due this fall as Microsoft herds us into the CLOUD
Patch iOS, OS X now: PDFs, JPEGs, URLs, web pages can pwn your kit
Plus: iThings and desktops at risk of NEW SSL attack flaw
Next Windows obsolescence panic is 450 days from … NOW!
The clock is ticking louder for Windows Server 2003 R2 users
Batten down the hatches, Ubuntu 14.04 LTS due in TWO DAYS
Admins dab straining server brows in advance of Trusty Tahr's long-term support landing
Red Hat to ship RHEL 7 release candidate with a taste of container tech
Grab 'near-final' version of next Enterprise Linux next week
Apple inaugurates free OS X beta program for world+dog
Prerelease software now open to anyone, not just developers – as long as you keep quiet
prev story

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.