Intel invests $24 million in software firms
September 09, 2011 // Dylan McGrath
Intel Capital, the investment arm of the world's biggest semiconductor company, has announced that it invested over $24 million in seven firms that develop technology related to Intel's software strategy.
The recipients of the funding included new Intel investments in enterprise cloud automation software provider DynamicOps; building management software provider enLighted, real-time analytics provider Guavus; platform-as-a-service for commerce company IP Commerce; and social games analytics service provider Swrve New Media, Intel said.
Intel Capital also recently closed follow-on investments in predictive analytics company Revolution Analytics and cloud-based media streaming service Gaikai, the firm said.
As is typical, Intel did not disclose the specific amount of funding each company received.
Intel (Santa Clara, CA) said the seven companies have developed innovative technologies related to key initiatives of Intel's software strategy.
"The best computing experiences unite leading-edge hardware with amazing software," said Arvind Sodhani, president of Intel Capital and Intel executive vice president, in a statement. "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. They also demonstrate our stage-agnostic approach to investing in support of this ecosystem."
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