Intel Capital Invests $25 Million in Tech Companies
Intel Capital, the venture capital arm of the world's largest chip maker, Tuesday detailed seven new investments worth around US$25 million in total, in addition to an investment in U.S. WiMax operator Clearwire.
Two of the seven companies that Intel Capital invested in are U.S.-based: Joyent, a cloud-computing vendor, and Active Storage, which makes storage products designed for organizations that use Apple hardware. Of the remaining five companies, four are based in Asia and one -- pricing analytics software maker NeuString -- is based in Dubai.
Intel Capital's Asian investments include South Korea's Crucialtec, which makes input devices based on optical technology; Taiwan's Gudeng Precision Industrial Co., which makes semiconductor manufacturing equipment; videoconferencing specialist V-Cube, of Japan; and Chinese Web portal operator Phoenix New Media.
In addition to these new investments, Intel Capital invested $50 million into U.S. WiMax operator Clearwire.