Intel Capital announced at the 11th edition of Annual CEO Summit another 18 new investments, totaling $77 million, in eleven different countries worldwide, including Brazil, China, Germany, India, Israel, Malaysia, the Netherlands, Russia, Taiwan, Ukraine and the United States. By this more, Intel makes equity investments in innovative technology start-ups din various fields, from software, hardware, mobility, health, clean-tech to consumer Internet or hi-tech manufacturing.
The effort that Intel Capital puts into the development of global technologies can be seen in their strategy for innovation and recovery from the economic downturn. Arvind Sodhani, the president of Intel Capital and Intel executive vice president declared for the 700 people audience that “The successful exits of our portfolio companies demonstrate Intel Capital’s company building and business development capabilities,”t emphasizing the organization’s interest for long-term developments.
Intel’s new investments include Adaptivity – which deals with It design and implementation or Althea Systems’, which is expected to release soon grace to the investor’s help the smartphone application for its cloud-based video discovery platform called Shufflr. Yummly.com was also on the list of Intel’s funding. The company is pioneering semantic search and recommendations for food: their platform includes more than 500,000 recipes and their want to take advantage of the investment by developing the engineering team and the functionality of the platform.
At the same summit, Intel Capital made public other five new prospective deals, all of which will enhance the IT giant to reach its strategic objectives in development of core PC, server market segments and technological advancements in the future’s devices: smart tv, tablets and smartphones.