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Intel Capital puts $77M into 18 companies
- Staff Silicon Valley Business Journal
Intel Capital said Tuesday it invested $77 million in 18 companies.
Santa Clara-based Intel Capital, the funding arm of Intel Corp. (NASDAQ:INTC), said the investments span 11 countries and align with Intel's strategic objectives to "foster innovation in core PC and server market segments, while helping enable advancements in adjacent computing areas including Smart TV, tablets and smartphones."
Silicon Valley companies receiving Intel investments are Mountain View-based Verismo Networks, which on Tuesday announced $17 million in new funding; Redwood City-based YuMe and Palo Alto-based Yummly.com.
Along with the U.S., countries included in Intel's investments are Brazil, China, Germany, India, Israel, Malaysia, the Netherlands, Russia, Taiwan and Ukraine.
Outside of the Silicon Valley, Intel's new investments include Adaptivity of Charlotte, N.C.; Althea Systems of Bangalore, India; Anobit of Herzeliya Pituach, Israel; boo-box of Sao Paulo, Brazil; De Novo of Kiev, Ukraine; Iptego of Berlin, Germany; Layar of Amsterdam, Netherlands; Lilliputian Systems Inc. of Wilmington, Mass.; Ortiva Wireless of La Jolla; Rock Flow Dynamics of Moscow; Select-TV of Kuala Lumpur, Malaysia; SilkRoad Technology Inc. of Chicago; Taifatech of Jhubei City, Taiwan; Videon Central Inc. of State College, Penn.; and WinChannel of Beijing.
Posted by Elizabeth Kim. Contact her at 408.299.1835 or firstname.lastname@example.org.
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