14 DAY TRIAL // Since Intel is ever so eager to expand above and beyond its current 'limitations' in term of revenue sources and technological support, its global investment arm, Intel Capital, decided to invest in more than a few ventures at once.
What Intel Capital did was compile a list of companies from 11 countries, companies that are going to receive financial investments on its part.
In total, there are 11 companies: Taifatech, Videon Central, Verismo Networks, Winchannel, YuMe and Yummly.com., Ortiva Wireless, Rock Flow Dynamics, Select-TV, SilkRoad, Adaptivity, Althea Systems, Anobit, boo-box, De Novo, IPTEGO, Layar and Lilliputian Systems, Inc.
On that note, the countries where these companies are based in are Russia, Taiwan, Ukraine, Brazil, China, Germany, India, Israel, Malaysia, the Netherlands and, of course, the US.
The projects receiving the funds deal with cloud computing, mobility and broadband wireless access, and the total sum that the chip giant will invest to $77 million.
"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',” Sodhani added.
“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 Intel VP went on to saying.
“The successful exits of our portfolio companies demonstrate Intel Capital’s company building and business development capabilities,” Sodhani concluded.
It should be noted that Intel also announced five follow-on investments in GainSpan, JackBe, Fonality, TecTotal and Wortal.
Finally, the company mentioned that 28 Intel Capital portfolio companies have exited in 2010 either through an IPO or acquisition.
All of these announcements were made at the 11th annual Intel Capital CEO Summit.