Intel Capital invests $62m in 16 new companies with focus on cloud, mobile, IoT and analytics
Investment arm of chip-maker Intel is to invest a total of $355m this year
Intel Capital, the global investment arm of chip giant Intel, has invested in 16 new companies covering a range of areas within IT, including big data analytics, the Internet of Things and cloud computing.
The organisation has invested in Gigya, a Mountain View, California-based maker of a cloud-based customer identity-management platform that supposedly helps clients turn unknown web or mobile visitors into loyal and engaged customers.
Another US-headquartered company it has invested in is drone technology maker PrecisionHawk. The Raleigh, North Carolina-based company uses a small, unmanned aerial vehicle and cloud-based software to collect, process and analyse aerial data for clients within "civilian industries".
In the internet of things sector, the company has invested in Braigo Labs, a company founded by 13-year-old entrepreneur Shubham Banarjee. The company currently makes a Braille printer that is made out of a Lego robotics kit.
Other technology companies Intel Capital has invested in include Incoming Media, a mobile video platform that uses predictive analytics to learn how a viewer consumes video on a mobile device, and PilotTV, a digital signage network operator that was founded in Taiwan.
"Intel Capital invests in the technology continuum that runs from wearables and the Internet of Things to big data analytics - and everything in between, including silicon, smart devices, PCs, the cloud and data centres," said Arvind Sodhani, president of Intel Capital and Intel executive vice president.