Intel Capital, Intel Corporation’s global investment and M&A organization, kicked off its annual Intel Capital Global Summit by announcing investments in 10 innovative technology companies. Intended to help these companies grow to the next level, the investments reinforce the Global Summit’s 2-day agenda focused on company building. Totaling approximately $40 million, they cover a range of technologies from collaborating in the cloud and delivering enhanced digital entertainment to simplifying mobile payments and enabling new forms of device interaction.
The investments include secure content sharing platform Box; Bollywood and South-Asian content distributor Hungama.com; integrated circuit design house FocalTech; social radio platform Jelli; social game developer LIFO Interactive; mobile proximity platform NewAer; e-payment platform PagPop; cloud services provider Tier 3; 3-D game developer Transmension; and mobile advertising provider UUCun. Financial details of each investment were not disclosed.
In its thirteenth year, this year’s Global Summit brings together approximately 1,000 Intel Capital-funded entrepreneurs and executives from market-leading Fortune 2,000 companies to exchange ideas and lay the groundwork for potential revenue generating partnerships and business deals. Designed to immerse attendees in a world of networking, the Global Summit includes a full agenda of keynote presentations, expert panels and more than 1,700 targeted meetings between portfolio company CEOs and key business executives.
“Business deals happen when Intel Capital brings together our vast global network with our portfolio company innovators,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president. “Our annual Global Summit and the ongoing Intel Capital Technology Days provide our portfolio companies with unmatched access to the decision-making executives critical to revenue-generating sales or partnerships. The 10 new investments in innovative companies announced today stand to benefit greatly from these longstanding company-building resources.”