9 September 2011 – Intel Capital has long been a model of a company using its capital clout to feed its future. Thursday, the investment arm of the world’s largest chipmaker gave an indication of where it thinks the future of startups lies, announcing $24 million in funding for seven companies.
“The best computing experiences unite leading-edge hardware with amazing software,” Arvind Sodhani, president of Intel Capital and Intel executive vice president, said in a release. “These investments in best-of-breed software vendors play an integral part in Intel’s software strategy by fueling the creation of compelling and unique user experiences across devices.”
And Intel is betting on startups involved in cloud computing, energy management, and online games.
The Intel Capital investments are no guarantee of success for the companies. But as Timothy Prickett Morgan points out in The Register:
Intel Capital, which has been around since 1991, has backed some pretty good horses, including Linux distributors Red Hat and SUSE, middleware maker JBoss (now part of Red Hat), database maker MySQL (part of Oracle these days), and Zend Technologies (amazingly, … Read more