Intel Capital Announces 10 Investments at Intel Capital Global Summit

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.