Intel Capital invests $62 million in 16 tech firms

Posted on Wednesday, Nov 05 2014 @ 13:18 CET by Thomas De Maesschalck
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DigiTimes writes Intel Capital has invested close to $62 million in a broad spectrum of innovative tech companies. Since 1991, Intel's global investment organization has invested over $11 billion in over 1,400 companies in 57 countries.
"Intel Capital invests in the technology continuum that runs from wearables and the Internet of Things to big data analytics - and everything in between, including silicon, smart devices, PCs, the cloud and datacenters," said Arvind Sodhani, president of Intel Capital and Intel executive vice president. "We are focused on helping innovative companies develop across this technology ecosystem, and we expect to invest a total of US$355 million in 2014."

The founders of the newest portfolio companies run the gamut from 13-year-old Shubham Banerjee, who has invented low-cost Braille printers for the blind using Legos and Intel Edison chips; to Sundari Mitra, a 25-year semiconductor industry veteran who is now running her second startup; to Earnest Earon, a rocket scientist whose new company uses unmanned aircraft and cloud-based software to perform data analytics for agricultural, emergency response and other uses.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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