mercoledì 3 ottobre 2012

Intel invests $40 million in 10 tech-startups

Intel Capital, the global investment arm of world's largest chipmaker Intel Corporation, announced investments worth $40 million in 10 technology startups and companies, from India.

This year Intel is hedging its bets on new technologies emerging in areas such as cloud computing, consumer internet and digital media.

Some of these technologies include a social radio platform that combines the reach of radio with the engagement of the web, and a television-focused gaming service.

"Downturns come and go, innovation never stops. Investment is mother's milk of innovation," said Arvind Sodhani, president of Intel Capital and Intel executive vice president, at the 13th annual Intel Capital Global Summit in Huntington Beach, California.

This year's global summit brought together over 1,000 entrepreneurs and executives from multinational companies to exchange ideas, form partnerships and sign business deals.

The entrepreneurs also pitched their ideas to an audience of global venture capitalists, angel investors and industry experts.

Mumbai-based, an on-demand digital media entertainment firm was one of the 10 companies that received an undisclosed amount of capital from Intel this year.

Founded by entrepreneur Neeraj Roy, the firm sells content in the form of music tracks, movies, videos and mobile content to over 20 million users worldwide through personal computers, mobiles, tablets and television.

"Hungama has become India's largest on-demand digital entertainment storefront," said Sudheer Kuppam, managing director at Intel Capital, APAC and Japan.

Like Hungama, Intel has invested in Jelli, a California-based social radio platform that combines the reach of radio with the engagement of the web.

Founded by Michael Dougherty and Jateen Parekh who has worked on the Amazon Kindle project, Jelli is a 100% user-controlled radio. Leveraging the power of the web to reinvent traditional broadcasting, Jelli empowers the community to interact with a radio broadcast in real-time and determine dynamically what plays on the air.

In the cloud computing space, Intel invested in Box, a California-based enterprise software company that delivers content sharing platform to customers such as DreamWorks and Procter & Gamble. It has attracted over 11 million individuals and 125,000 businesses globally.

Social gaming is another big area for Intel. It has invested in Korea-based Lifo Interactive. Lifo's best-known game on Facebook—Train City—has attracted over 8 million users worldwide.

It also invested in Transmension, a China-based firm that provides television-focused gaming service. It has collaborated with leading game studios to distribute their games to millions of families via smart televisions and cable TV carriers.

Innovations that simplify mobile payments and enable new forms of device interaction also received investments from Intel this year.

PagPop, a Brazil-based firm operates a mobile payment online platform that allows small business owners to accept credit cards for payment. The technology transforms any feature phone, computer, landline or smartphone into a credit card payment machine.