14 DAY TRIAL // Intel Capital is the global investment organization of Intel and it seems like it chose the latest project, or in this case sets of projects, to fund, in order to promote the image it would like to see outpictured by the computing market.
Intel might be best known for its large collection of central processing units, especially on the consumer front, but it definitely does more than make CPUs.
In this case, what the Santa Clara, California-based company did wasn't unleash a new SSD or other hardware device either.
Instead, the outfit announced that it had decided to invest a small part of its large finances, $24.5 million to be exact, into the development of products and technologies that will, eventually, lead to “innovation across the entire continuum of computing.”
More specifically, the company will invest in Facebook and mobile platform social games developer CrowdStar, live Web broadcast management and automated video workflow provider iStreamPlanet and Music Mastermind, an independent technology and entertainment company.
Furthermore, Intel Capital will fuel the finances of PerspecSys, a provider of data security for the cloud.
"Intel Capital supports entrepreneurship all over the globe, helping to turn breakthrough ideas into successful companies," said Arvind Sodhani, president, Intel Capital and executive vice president, Intel.
"The explosion of computing has created endless opportunities for the development of interesting applications that deliver unique user experiences. Intel Capital's investments in these companies will help advance applications ranging from cloud computing security to an enhanced entertainment experience."
If added up to all the other investments Intel Capital made since it was created, this marks the milestone of $10 billion.
"This milestone is a significant achievement for Intel Capital and represents our dedication to continuously support companies pushing the edge of technology innovation," Sodhani said.
If the companies mentioned above manage to thrive from this, laptops, cars, smartphones and smart TVs, plus the Internet data centers they connect to, will become smarter, more secure and always connected.