Intel Capital announces $62 million investment in 16 tech startups

Intel Capital announces $62 million investment in 16 tech startups

A recent announcement by Intel Capital, the venture arm of chip giant Intel, has revealed that an investment of $62 million is being made by the company in 16 technology startups.

The announcement made by Intel Capital implies that Intel continues to be quite bullish about funding new technology firms which have the potential to spur an abundance of purchases of its microprocessors and other equipment in the coming years.

The 16 startups in which Intel is investing $62 million represent a broad range of technologies, including wearable devices, the Internet of Things (IoT) connected devices, chips, smart devices, and big data analytics.

The startups from the New Devices/Wearable Computing in which Intel will invest include three US-based firms --- Avegant, Braigo Labs, and Eyefluence. In the Mobility/Wireless space, the startups that will benefit from Intel's investment include Andapt, Audyssey, Inrix, which are based in the US; Incoming Media, which operates from the US and Australia; Israeli startup Screenovate Technologies; and Thundersoft, based in China and Taiwan.

In addition, in Advancing Microprocessor and SoC Development space, startups that will benefit from Intel's investment include US firm NetSpeed Systems and Canadian firm Reno Sub-Systems.

Lastly, Big Data and Cloud Infrastructure startups in which Intel will invest include US firms Gigya, PrecisionHawk, Prelert, and Ossia; Taiwanese firm PilotTV; and Israeli firm Stratoscale.

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