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.
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