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Wednesday, November 17, 2010
Intel Capital Invests $77 million in Companies Around the World
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Intel has invested $77 million in start-ups whose focuses include
cloud computing, Web-enabled television and NAND flash memory.
Intel Capital, Intel Corporation?s global investment organization,
announced 18 new investments. The new deals total approximately $77
million and were announced today at the 11th annual Intel Capital CEO
Summit, Intel Capital?s gathering of portfolio company CEOs, corporate
technology decision makers from Global 1000 companies and thought
leaders from around the world. The new Intel Capital investments span
11 countries including Brazil, China, Germany, India, Israel,
Malaysia, the Netherlands, Russia, Taiwan, Ukraine and the United
States.
The new investments align with Intel's strategic focus on fostering
innovation in core PC and server market segments including cloud
computing, mobility solutions and access to broadband wireless in
geographies around the world. Additionally, these investments will
help enable advancements in adjacent computing areas including smart
TV, tablets and smartphones.
"Innovation continues to thrive all over the world," said Arvind
Sodhani, president of Intel Capital and Intel executive vice
president. "Despite the economic environment, these 18 investments
help advance next generation computing technologies aligning with
Intel's vision that more and more devices will compute and connect to
the Internet, called the 'compute continuum.' The innovative
technology developed by these companies supports the compute continuum
from advancements in PCs and server trends, such as cloud computing,
to building out the ecosystem around smart TVs and smartphones."
The new investments include Adaptivity, Althea Systems, Anobit,
boo-box, De Novo, IPTEGO, Layar, Lilliputian Systems, Inc, Ortiva
Wireless, Rock Flow Dynamics, Select-TV, SilkRoad, Taifatech, Videon
Central, Verismo Networks, Winchannel, YuMe and Yummly.com.
In addition to the new investments, Intel Capital also highlighted
recent follow-on investments in GainSpan, JackBe, Fonality, TecTotal
and Wortal.
Details on the new investments follow:
Adaptivity (Charlotte, N.C.) helps companies address the complexities
associated with IT design and implementation. Adaptivity's Blueprint
4IT Lifecycle Suite enables intelligent IT design decisions to be
incorporated into repeatable actions across the technology build and
deployment lifecycle. The funding will be used to accelerate product
development and build out sales and marketing infrastructure.
Althea Systems? (Bangalore, India) cloud-based video discovery
platform makes it easier to find and share online videos across
various devices. Althea launched a PC version of Shufflr, a social
video browser, with a rich, immersive video experience in July.
Shufflr's video discovery platform on the cloud aggregates video from
several sources and combines machine aided and social discovery
engines to help users find video they like. Shufflr will soon be
available on smartphones, tablets and TVs, providing continuity of
video experience from one device to another. The investment from Intel
Capital will help the company expand its development team and
marketing efforts.
Anobit (Herzeliya Pituach, Israel) is a provider of solutions to the
growing NAND flash memory market segment. Its patented MSP (Memory
Signal Processing) technology significantly improves the endurance and
thus the cost structure of NAND-based products and systems. Anobit's
products, ranging from flash controllers to enterprise-class solid
state drives, are designed for leading NAND flash manufacturers,
consumer electronics vendors and storage solution providers. The
company will use the funding to expand its core business operations to
meet surging demand for its technology and products.
boo-box (Sao Paulo, Brazil) is one of the first technology-based ad
systems in Brazil to address advertising on social media. Its
platform allows creative freedom for agencies, intelligent targeting
for advertisers and increased control for publishers. boo-box services
range from ad serving to affiliate marketing, addressing all types of
advertising needs in social media. The investment from Intel Capital
will be used to accelerate development of targeting and optimization
tools, and to strengthen business operations.
De Novo (Kiev, Ukraine) is the first enterprise-class data center
provider offering high quality IT services to leading enterprises in
the Ukraine. De Novo experts have significant experience in project
realization focused on IT systems research, design, implementation and
maintenance at the corporate level. Intel Capital's investment will be
used to expand outsourcing services, such as Software as a Service,
Infrastructure as a Service, based in the De Novo Data Center.
IPTEGO (Berlin) is a provider of Next Generation Network optimization
software. IPTEGO's PALLADION software suite analyzes Next Generation
Networks from any vendor to provide real-time network intelligence,
troubleshooting, customer experience monitoring and seamless
integration of third-party products. Utilizing PALLADION allows
operators to securely and quickly migrate to IP-based networks such as
IMS, reduce operational costs, generate additional revenue and
minimize churn. Intel Capital's investment will allow the company to
speed up penetration of global markets and ensure rapid growth.
Layar (Amsterdam, Netherlands) is the largest augmented reality
platform in mobile used to bring impactful experiences into people's
everyday lives. Layar works with thousands of developers creating
nearly 1,500 layers for users to see the world with new information
and meaningful digital content. The Layar platform is available on
Android, iPhone and Bada devices and also comes globally pre-installed
on tens of millions of phones promoted by leading handset
manufacturers and carriers. Layar will use the funding to further
develop its platform and drive the development of meaningful augmented
reality content.
Lilliputian Systems, Inc. (Wilmington, Mass.) is developing a Personal
Power solution for consumer electronics devices that targets the
portable power market segment. The company delivers a small
form-factor battery charging solution that provides extended run-time
for today's CE devices. Lilliputian's patented Silicon Power Cell
technology is based on highly efficient solid oxide fuel cells (SOFCs)
and microelectromechanical systems (MEMS) wafer fabrication methods,
and is fueled by recyclable high-energy butane cartridges. Intel
Capital?s equity stake provides resources for volume manufacturing.
Ortiva Wireless (La Jolla, Calif.) offers advanced commercial
solutions for proactive management of mobile video, allowing service
providers to dramatically improve control, quality and efficiency of
rich media content delivery. Ortiva's iVOG (internet Video
Optimization Gateway) for open internet media and mVOG (mobile Video
Optimization Gateway) for portal services extend service reach,
increase network efficiency, and improve video coverage density for
mobile operators while dynamically shaping the content to give
subscribers the smoothest video and clearest audio experience possible
- regardless of fluctuating and hostile wireless network conditions.
The new funding will be used to expand sales, marketing and
engineering resources.
Rock Flow Dynamics (Moscow) offers high performance modeling software
to simulate fluid and gas filtration dynamics of hydrocarbon
underground reservoirs. The company's fully integrated dynamics
modeling solution, tNavigator, was designed from the ground up for the
latest generation of multicore processors and can be seamlessly used
for reservoir simulations on laptops, multiprocessor servers and
clusters. The Intel Capital investment will be used to establish a
Houston office and expand sales and marketing globally.
Select-TV (Kuala Lumpur, Malaysia) is a provider of end-to-end systems
and content solutions for IPTV deployment. Widely deployed in luxury
hotels and resorts in Southeast Asia and the Middle East, Select TV?s
set-top box utilizes the power of the Intel Atom processor to provide
easy navigation to Web content and highly interactive entertainment
and online education applications. The company has also recently
embarked on trials in Southeast Asia with telecom operators who are
deploying IPTV to consumer homes. Intel Capital's investment will be
used to accelerate the development of IPTV solutions and to expand the
company's presence in Asia, the Middle East, Latin America and Europe.
SilkRoad technology, Inc. (Chicago) provides software-as-a-service
(SaaS) integrated talent management solution. Through SilkRoad's Life
Suite, companies are able to hire better employees, identify high and
low performers, drive a pay-for-performance culture and improve
employee tenure. The SilkRoad Life Suite solution set includes:
OpenHire, for recruiting management; RedCarpet for employee onboarding
and life events; WingSpan for flexible employee performance
management; GreenLight for learning management; Eprise for employee
intranets and content management; and HeartBeat for core HR. Plans for
Intel Capital's investment include a significant expansion of
SilkRoad's worldwide direct sales and marketing efforts, strategic
acquisitions and continued product development.
Taifatech (Jhubei City, Taiwan) is a fabless semiconductor company
specializing in system-on-a chip (SoCs) and system design solutions
that provide management and connectivity through LAN or WLAN. To
address the growing digital video delivery market segment, Taifatech
has developed solutions that provide wireless connectivity for such
systems. Taifatech's Taiwan-based team utilizes its strong networking
and video ASIC design expertise, coupled with a team of software
developers and local Taiwan-based OEMs, to provide the cost effective
solutions. Intel Capital's investment will be used to expand
Taifatech?s development efforts of Intel architecture-based wireless
connectivity solutions.
Videon Central, Inc. (State College, Penn.) is an independent software
vendor (ISV) that specializes in applying core IP and integration
services for the growing consumer electronics market segment of
internet connected digital video products. Videon is the leading ISV
of Blu-ray disc middleware and video streaming technology for embedded
devices and a charter member of the Intel Consumer Electronics Network
(Intel CEN). Videon offers OEM and content development companies a
unique set of capabilities to facilitate their digital media product
applications. Intel Capital's investment will be used to build
Videon?s market position by expanding our IP portfolio to take
advantage of the growing smart TV segment.
Verismo Networks' (Mountain View, Calif. and Bangalore) open Internet
TV platform brings seamless convergence of IPTV linear channels,
Internet video, social networking and personal media playback directly
to the TV. The Verismo end-to-end solution enables OEMs in service
providers and IP MSO segments to expand their reach globally and cost
effectively while giving subscribers an un-paralleled viewing
experience. Verismo will use the investment to accelerate its growth
and expand its sales and marketing operations.
WinChannel (Beijing) is a developer of information and sales
management software for the consumer industry. Winchannel's software
platform manages and analyzes channel information such as
replenishment orders, sales transactions, inventory and promotional
activities in near real time, helping brand owning companies to
monitor and understand market mechanisms and market responses to
promotion, making sales operations more efficient. The investment from
Intel Capital will be used in R&D and as working capital.
YuMe (Redwood City, Calif.) is a video advertising technology company
that delivers video ads across all connected device channels - online,
mobile, and CE/TV. Its ACE technology platform powers both its premium
ad network and its enterprise solutions: ACE for Publishers and ACE
for Advertisers. ACE for Publishers, a complete set of cloud-based ad
operations tools, enables publishers to simplify video ad management
functions to drive higher revenue, streamlined processes, and lower
operating costs. ACE for Advertisers, an end-to-end, buy-side video
campaign management system provides an enterprise-class solution and
professional services package that mitigates the complexity of video
ad campaign management. Meanwhile, YuMe's premium video ad network
helps advertisers reach their target audience at scale whenever and
wherever they're watching video. The investment will be used to
further video advertising technology monetization solutions.
Yummly.com (Palo Alto, Calif.) is pioneering semantic search and
recommendations for food. Its robust platform empowers people to
search for and discover recipes based on their personal tastes and
preferences, and offers a database of more than 500,000 recipes
aggregated from leading cooking sites and cookbooks. Yummly plans to
apply funding from Intel Capital?s investment to expand its
engineering team and further develop its platform's functionality and
features. |
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