Memory and Storage

Intel Invests $65 Million in 16 Startups

23 October 2013

Intel Corp.'s venture capital arm said Tuesday (Oct. 22) it is investing $65 million in 16 startups, several of which are focused on the cloud, storage and high performance computing.

Announced at the 14th annual Intel Capital Global Summit in San Diego, the new investments— which also include mobile technologies and consumer-related services—are in line with Intel Capital's mission to cultivate global innovation as well as provide entrepreneurs with the resources necessary to scale from startup to global corporation level.

The investments are also designed to bolster Intel's technological prowess in the datacenter sector, which has been a high-growth area for the world's biggest chip maker. In the third quarter, Intel's datacenter business posted a double digit increase in sales driven primarily by robust growth in cloud, high-performance computing, and storage. Cloud revenue was up 40 percent year-over-year, storage was up 20 percent and high performance computing was up 27 percent.

Intel's cloud and storage technology investments include CloudFX, a consultancy firm in Singapore; Cloudian, a cloud storage software provider in Japan and the United States; Fileforce, a cloud file service also in Japan; U.S.-based Prism Skylabs, a cloud service that helps companies visually understand and optimize offline commerce; and hybrid storage provider Reduxio Systems in Israel. It also invested in CSDN in China, the largest community website and services platform for IT professionals in China. CSDN owns China mobile developer community CMDN, code hosting and social coding cloud platform CODE.

Intel Capital does not typically disclose the amount it invests in each startup.

Additional investments include 3-D software developer DotProduct (USA); interactive video platform Interlude (Israel); high-speed connectivity products company Lintes Technologies (Taiwan); mobile news syndicator Mobiles Republic (France/USA); business continuity and disaster recovery platform Perpetuuiti TechnoSoft Services (Singapore/India); chip simulation acceleration Rocketick (Israel); car rental company Savaari Car Rentals (India); semiconductor materials developer SBA Materials (USA); open source database solutions SkySQL (Finland); and wireless electricity developer WiTricity (USA).

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