UPDATED 10:45 EDT / NOVEMBER 17 2010

Intel Capital Funds in Innovative Start-Ups with $77M

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.


A message from John Furrier, co-founder of SiliconANGLE:

Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.

  • 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
  • 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.

Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.