Intel Capital starts $100 million apps investment fund
Intel (Santa Clara, CA) said the fund would back companies that supply apps via the company’s AppUp center, an online store selling apps for netbooks, consumer laptops and ultrabooks.
Intel announced two initial investments from the fund in Urban Airship, a mobile platform-as-a-service company and 4tiitoo, a German OSV and tablet device developer. Intel did not disclose the amount of investment in each firm.
"The Intel Capital AppUp Fund will help encourage the creation of companies interested in delivering or enabling applications that enhance and extend the online experience for the 15 billion devices expected to be connected by 2015," said Arvind Sodhani, president of Intel Capital and Intel executive vice president, in a statement.
Investments by the Intel Capital AppUp Fund will include companies producing infrastructure, middleware, innovative applications and digital content across the continuum of connected devices in application developer-centric equity deals all over the world, Intel said. The fund is built to advance computing innovations based on Intel architecture in key areas such as digital media consumption, context-aware computing and infrastructure applications, the company said.
While the investments will focus across multiple technologies and devices, key areas include cross-platform technologies such as HTML5, as well as experiences designed specifically for ultrabooks, Intel said.
Intel Capital Monday announced 10 new and planned investments in countries all over the world. These companies include India’s Happiest Minds Technologies and TELiBrahma; China’s Outblaze Venture Holdings, Miartech and MakePolo.com; South Korea’s Neosem; Taiwan’s SNSplus and Insyde Software; and Japan’s OneBe and G-cluster, Intel said. The company did not disclose the amount invested in each firm.
In total, Intel Capital has announced $45 million in new investments at its 2011 Global Summit in Huntington Beach, CA.
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