Intel Capital Invests $77 million in Innovative Companies Around the World
At the 11th Annual CEO Summit, Intel Capital announces 18
new investments, spanning 11 countries and totaling approximately $77
Five new follow-on deals also announced.
The new investments align with Intel's strategic objectives to foster
innovation in core PC and server market segments, while helping enable
advancements in adjacent computing areas including Smart TV, tablets
28 exits of Intel Capital portfolio companies in 2010.
The Intel Capital CEO Summit has over 700 attendees this year from
Intel Capital portfolio companies and Intel's global customers and
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--
Capital, Intel Corporation's global investment organization,
reaffirmed its dedication to foster worldwide innovation with the
announcement of 18 new investments. The new deals total approximately
$77 million and were announced today at the 11th annual Intel Capital
CEO Summit, Intel Capital's gathering of portfolio company CEOs,
corporate technology decision makers from Global 1000 companies and
thought leaders from around the world. The new Intel Capital investments
span 11 countries including Brazil, China, Germany, India, Israel,
Malaysia, the Netherlands, Russia, Taiwan, Ukraine and the United States.
The new investments align with Intel's strategic focus on fostering
innovation in core PC and server market segments including cloud
computing, mobility solutions and access to broadband wireless in
geographies around the world. Additionally, these investments will help
enable advancements in adjacent computing areas including smart TV,
tablets and smartphones.
"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.' 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."
2010 has also been an excellent year for Intel Capital portfolio
companies. To date, 28
Intel Capital portfolio companies have exited in 2010 either through
an IPO or acquisition. These exits clearly demonstrate Intel Capital's
dedication to support portfolio company business development efforts
through events such as Intel
Capital Technology Days (ITDs) and the Intel
Capital CEO Summit, and are a key indication of the critical role
technology innovation has played in driving the global economic recovery.
"The successful exits of our portfolio companies demonstrate Intel
Capital's company building and business development capabilities,"
The new investments include Adaptivity, Althea Systems, Anobit, boo-box,
De Novo, IPTEGO, Layar, Lilliputian Systems, Inc, Ortiva Wireless, Rock
Flow Dynamics, Select-TV, SilkRoad, Taifatech, Videon Central, Verismo
Networks, Winchannel, YuMe and Yummly.com.
In addition to the new investments, Intel Capital also highlighted
recent follow-on investments in GainSpan,
Details on the new investments follow:
(Charlotte, N.C.) helps companies address the complexities associated
with IT design and implementation. Adaptivity's Blueprint 4IT Lifecycle
Suite™ enables intelligent IT design decisions to be incorporated into
repeatable actions across the technology build and deployment lifecycle.
Whether seeking to rationalize IT portfolios or design enterprise cloud
programs, companies use Adaptivity's tailored blueprints to optimize
legacy infrastructure operations and accelerate the delivery of new IT
services. The funding will be used to accelerate product development and
build out sales and marketing infrastructure.
Systems' (Bangalore, India) cloud-based video discovery platform
makes it easier to find and share online videos across various devices.
Althea launched a PC version of Shufflr,
a social video browser, with a rich, immersive video experience in July.
Shufflr's video discovery platform on the cloud aggregates video from
several sources and combines machine aided and social discovery engines
to help users find video they like. Shufflr will soon be available on
smartphones, tablets and TVs, providing continuity of video experience
from one device to another. The investment from Intel Capital will help
the company expand its development team and marketing efforts.
(Herzeliya Pituach, Israel) is a provider of solutions to the growing
NAND flash memory market segment. Its patented MSP™ (Memory Signal
Processing) technology significantly improves the endurance and thus the
cost structure of NAND-based products and systems. Anobit's products,
ranging from flash controllers to enterprise-class solid state drives,
are designed for leading NAND flash manufacturers, consumer electronics
vendors and storage solution providers. The company will use the funding
to expand its core business operations to meet surging demand for its
technology and products.
(São Paulo, Brazil) is one of the first technology-based ad systems in
Brazil to address advertising on social media. Its innovative platform
allows creative freedom for agencies, intelligent targeting for
advertisers and increased control for publishers. boo-box services range
from ad serving to affiliate marketing, addressing all types of
advertising needs in social media. The investment from Intel Capital
will be used to accelerate development of targeting and optimization
tools, and to strengthen business operations.
Novo (Kiev, Ukraine) is the first enterprise-class data center
provider offering high quality IT services to leading enterprises in the
Ukraine. De Novo experts have significant experience in project
realization focused on IT systems research, design, implementation and
maintenance at the corporate level. Intel Capital's investment will be
used to expand outsourcing services, such as Software as a Service,
Infrastructure as a Service, based in the De Novo Data Center.
(Berlin) is a provider of Next Generation Network optimization software.
IPTEGO's PALLADION software suite analyzes Next Generation Networks from
any vendor to provide real-time network intelligence, troubleshooting,
customer experience monitoring and seamless integration of third-party
products. Utilizing PALLADION allows operators to securely and quickly
migrate to IP-based networks such as IMS, reduce operational costs,
generate additional revenue and minimize churn. Intel Capital's
investment will allow the company to speed up penetration of global
markets and ensure rapid growth.
(Amsterdam, Netherlands) is the largest augmented reality platform in
mobile used to bring impactful experiences into people's everyday lives.
Layar works with thousands of developers creating nearly 1,500 layers
for users to see the world with new information and meaningful digital
content. The Layar platform is available on Android*, iPhone* and Bada*
devices and also comes globally pre-installed on tens of millions of
phones promoted by leading handset manufacturers and carriers. Layar
will use the funding to further develop its platform and drive the
development of meaningful augmented reality content.
Systems, Inc. (Wilmington, Mass.) is developing a Personal Power™
solution for consumer electronics devices that targets the portable
power market segment. The company delivers a small form-factor battery
charging solution that provides extended run-time for today's CE
devices. Lilliputian's patented Silicon Power Cell™ technology is based
on highly efficient solid oxide fuel cells (SOFCs) and
microelectromechanical systems (MEMS) wafer fabrication methods, and is
fueled by recyclable high-energy butane cartridges. Intel Capital's
equity stake provides resources for volume manufacturing.
Wireless (La Jolla, Calif.) offers advanced commercial solutions for
proactive management of mobile video, allowing service providers to
dramatically improve control, quality and efficiency of rich media
content delivery. Ortiva's iVOG™ (internet Video Optimization Gateway)
for open internet media and mVOG™ (mobile Video Optimization Gateway)
for portal services extend service reach, increase network efficiency,
and improve video coverage density for mobile operators while
dynamically shaping the content to give subscribers the smoothest video
and clearest audio experience possible — regardless of fluctuating and
hostile wireless network conditions. The new funding will be used to
expand sales, marketing and engineering resources.
Flow Dynamics (Moscow) offers high performance modeling software to
simulate fluid and gas filtration dynamics of hydrocarbon underground
reservoirs. The company's fully integrated dynamics modeling solution,
tNavigator, was designed from the ground up for the latest generation of
multicore processors and can be seamlessly used for reservoir
simulations on laptops, multiprocessor servers and clusters. The Intel
Capital investment will be used to establish a Houston office and expand
sales and marketing globally.
(Kuala Lumpur, Malaysia) is a provider of end-to-end systems and content
solutions for IPTV deployment. Widely deployed in luxury hotels and
resorts in Southeast Asia and the Middle East, Select TV's set-top box
utilizes the power of the Intel® Atom™ processor to provide easy
navigation to Web content and highly interactive entertainment and
online education applications. The company has also recently embarked on
trials in Southeast Asia with telecom operators who are deploying IPTV
to consumer homes. Intel Capital's investment will be used to accelerate
the development of IPTV solutions and to expand the company's presence
in Asia, the Middle East, Latin America and Europe.
technology, Inc. (Chicago) provides software-as-a-service (SaaS)
integrated talent management solution. Through SilkRoad's Life
Suite™, companies are able to hire better employees, identify high
and low performers, drive a pay-for-performance culture and improve
employee tenure. The SilkRoad Life Suite™ solution set includes:
OpenHire™, for recruiting management; RedCarpet™ for employee onboarding
and life events; WingSpan™ for flexible employee performance management;
GreenLight™ for learning management; Eprise™ for employee intranets and
content management; and HeartBeat™ for core HR. Plans for Intel
Capital's investment include a significant expansion of SilkRoad's
worldwide direct sales and marketing efforts, strategic acquisitions and
continued product development.
(Jhubei City, Taiwan) is a fabless semiconductor company specializing in
system-on-a chip (SoCs) and system design solutions that provide
management and connectivity through LAN or WLAN. To address the growing
digital video delivery market segment, Taifatech has developed solutions
that provide wireless connectivity for such systems. Taifatech's
Taiwan-based team utilizes its strong networking and video ASIC design
expertise, coupled with a team of software developers and local
Taiwan-based OEMs, to provide the cost effective solutions. Intel
Capital's investment will be used to expand Taifatech's development
efforts of Intel® architecture-based wireless connectivity solutions.
Central, Inc. (State College, Penn.) is an independent software
vendor (ISV) that specializes in applying core IP and integration
services for the growing consumer electronics market segment of internet
connected digital video products. Videon is the leading ISV of Blu-ray
disc™ middleware and video streaming technology for embedded devices and
a charter member of the Intel® Consumer Electronics Network (Intel®
CEN). Videon offers OEM and content development companies a unique set
of capabilities to facilitate their digital media product applications.
Intel Capital's investment will be used to build Videon's market
position by expanding our IP portfolio to take advantage of the growing
smart TV segment.
Networks' (Mountain View, Calif. and Bangalore) open Internet TV
platform brings seamless convergence of IPTV linear channels, Internet
video, social networking and personal media playback directly to the TV.
The Verismo end-to-end solution enables OEMs in service providers and IP
MSO segments to expand their reach globally and cost effectively while
giving subscribers an un-paralleled viewing experience. Verismo will use
the investment to accelerate its growth and expand its sales and
(Beijing) is a developer of information and sales management software
for the consumer industry. Winchannel's software platform manages and
analyzes channel information such as replenishment orders, sales
transactions, inventory and promotional activities in near real time,
helping brand owning companies to monitor and understand market
mechanisms and market responses to promotion, making sales operations
more efficient. The investment from Intel Capital will be used in R&D
and as working capital.
(Redwood City, Calif.) is a video advertising technology company
that delivers video ads across all connected device channels — online,
mobile, and CE/TV. Its ACE™ technology platform powers both its premium
ad network and its enterprise solutions: ACE for Publishers and ACE for
Advertisers. ACE for Publishers, a complete set of cloud-based ad
operations tools, enables publishers to simplify video ad management
functions to drive higher revenue, streamlined processes, and lower
operating costs. ACE for Advertisers, an end-to-end, buy-side video
campaign management system provides an enterprise-class solution and
professional services package that mitigates the complexity of video ad
campaign management. Meanwhile, YuMe's premium video ad network helps
advertisers reach their target audience at scale whenever and wherever
they're watching video. The investment will be used to further video
advertising technology monetization solutions.
Alto, Calif.) is pioneering semantic search and recommendations for
food. Its robust platform empowers people to search for and discover
recipes based on their personal tastes and preferences, and offers a
comprehensive database of more than 500,000 recipes aggregated from
leading cooking sites and cookbooks. Yummly plans to apply funding from
Intel Capital's investment to expand its engineering team and further
develop its platform's functionality and features.
Intel Capital CEO Summit 2010 is sponsored by Aon Corporation,
Capgemini, Credit Suisse, Evercore Partners, Gibson, Dunn & Crutcher,
KPMG, Morrison & Foerster, Needham & Company, NYSE Euronext and Silicon
Valley Bank. The summit is the pre-eminent technology networking event,
with over 700 attendees from Intel Capital portfolio companies and
Intel's global customers and partners. Industry technology executives
attend the summit to identify innovative solutions and business
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity
investments in innovative technology start-ups and companies worldwide.
Intel Capital invests in a broad range of companies offering hardware,
software, and services targeting enterprise, home, mobility, health,
consumer Internet, semiconductor manufacturing and cleantech. Since
1991, Intel Capital has invested more than US$9.7 billion in over 1,100
companies in 48 countries. In that timeframe, 189 portfolio companies
have gone public on various exchanges around the world and 258 were
acquired or participated in a merger. In 2009, Intel Capital invested
US$327 million in 107 investments with approximately 50 percent of funds
invested outside the U.S. and Canada. For more information on Intel
Capital and its differentiated advantages, visit http://www.intelcapital.com.
Intel, Atom and the Intel logo are trademarks of Intel Corporation in
the United States and other countries.
* Other names and brands may be claimed as the property of others.
Amy Kircos, 480-552-8803
Source: Intel Corporation
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