Intel Capital To Spend $40 Million in New Investments

Wednesday, October 3, 2012

Intel Capital To Spend $40 Million in New Investments

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Intel Capital, Intel's global investment and M&A organization, kicked off its annual Intel Capital Global Summit by announcing investments in 10 technology companies.

Intended to help these companies grow, the investments are totaling approximately $40 million and cover a range of technologies from collaborating in the cloud and delivering enhanced digital entertainment to simplifying mobile payments and enabling new forms of device interaction.

The investments include secure content sharing platform Box; Bollywood and South-Asian content distributor Hungama.com; integrated circuit design house FocalTech; social radio platform Jelli; social game developer LIFO Interactive; mobile proximity platform NewAer; e-payment platform PagPop; cloud services provider Tier 3; 3-D game developer Transmension; and mobile advertising provider UUCun.

Financial details of each investment were not disclosed.