Feeds

Intel spreads $40 million investment love to 10 companies

From Silicon Valley to Bollywood

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

Intel Capital has announced $40m worth of investment in 10 companies headquartered from Silicon Valley to Shanghai.

"The globe is our oyster," Intel Capital president Arvind Sodhani said in a webcast from his investment group's 13th annual Global Summit in Huntington Beach, California, where the announcements were made.

From Sodhani's point of view, Intel Capital has advantages over traditional investment funds in that it can be a "very patient investor," not swayed by the need to make high profits in short amounts of time – although he emphasized that "we expect very high rates of return from our investments." Eventually.

Since his group can be patient and focused on the long term, Sodhani said, "We are able to invest and help our companies be successful, and not be in a rush to get in, get out, which tends to be the case if you have the pressure of a fund – particularly if your fund is at the tail end of its fund, and there is a lot of pressure on fund managers to get an exit."

Of course, Intel Capital also has a strategic goal, as well: to get the world to buy more Intel chips. Although he gave a nod to promoting entrepreneurship and innovation, Sodhani made the bottom line clear. "Our overall goal," he said, "is to increase the utilization of microprocessors in the client, in the servers."

He explained that the 10 companies in Tuesday's announcement each support that strategic goal. They are, in alphabetical order:

  • Box of Los Altos, California, a content-sharing platform for the iPad, iPhone, Android, Windows Phone, and the web, with 11 million users and 125,000 businesses;
  • FocalTech of Hsinchu, Taiwan, an integrated circuit design house specializing in touch panel controllers (investment still subject to closing);
  • Hungama of Mumbai, India, which self-identifies as that country's leading on-demand digital-entertainment company, with 20 million users accessing over 5,000 Bollywood, Hollywood, and other content from TVs, PCs, and mobile devices;
  • Jelli of San Mateo, California, a "social radio platform" for iOS, Android, and the web, which provides ad serving and what it calls "unique insights for advertisers;"
  • LIFO Interactive of Seoul, Korea, a social game developer whose Train City had 8 million Facebook users last year, and who has games in development for iOS, Android, and Windows 8;
  • NewAer of Los Angeles, California, which uses Wi-Fi, Bluetooth, and NFC technology to automate location-based app actions such as, for example, dropping a map pin on an Android map app when you park your car;
  • PagPop of São Paulo, Brazil, a secure online-payment platform operator that works with landline phones, smartphones, feature phones, and PCs;
  • Tier 3 of Bellevue, Washington, a cloud-based platform-as-a-service (PaaS) and infrastructure-as-a-service (IaaS) provider;
  • Transmension of Shanghai, China, a gaming-service provider that delivers content to TVs via IPTV and cable to "millions of families;" and
  • UUCun, also of Shanghai, China, a mobile internet ad platform installed in 20 million smartphones just this year, which is expanding into mobile payments and mobile gaming.

Although Sodhani dodged questions about what parts of the world Intel Capital sees as the most dynamic geographies for investment, it's clear from the list that Silicon Valley is facing competition from the developing economies in the Far East, India, and Brazil.

Still, Sodhani emphasized that Intel Capital has a presence in a broad range of countries and economies, including the Czech Republic, Spain, Ghana, Poland, Russia, Turkey, and "obviously people in London."

Intel's investment arm has a physical presence in 26 countries making investments in over 50 countries – so if you're an innovative entrepreneur anywhere from Afghaninstan to Zimbabwe, drop Sodhani a note. If you can help sell Intel chips and provide "very high rates of return," we're sure he'll lend you an ear. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.