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Intel invests $40 million in cloud, gaming and mobile firms

Posted on Wednesday, October 03 2012 @ 19:44:38 CEST by

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Intel Capital, the chip giant's venture capital division, announced it has made a $40 million investment in 10 startups. The latest round of funding focuses on cloud computing, mobile solutions, as well as gaming. Full details at Bit Tech.
First, cloud computing. Having gone from being a buzzword used to make internet-connected servers that you never own where third-party companies have full access to all your private data to an accepted term for the likes of Gaikai's remote-rendering gaming service, Intel is clearly predicting some serious growth in this region. Accordingly, it has sunk a wodge of change into cloud-based file storage and collaboration service Box - previously known as Box.net - and Bollywood video streaming service Hungama. For the enterprise market, the company has also provided funding to Tier 3, a US company specialising in infrastructure as a service (IaaS) and platform as a service (PaaS.)



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