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Intel Capital offers up $100M fund for perceptual computing investments

Intel Capital offers up $100 million fund for perceptual computing inititives

| Business, Financial & Legal News | Posted: Jun 5, 2013 1:33 am

Relating to a story published earlier, Intel's push for perceptual computing has led the company to create a $100M investment fund through its Intel Capital subsidiary. The $100M will be used to fund perceptual computing projects, such as the 3D-depth camera we reported about earlier today.

 

TweakTown image news/3/0/30834_1_intel_capital_offers_up_100m_fund_for_perceptual_computing_investments.jpg

 

Intel Capital typically invests in up-and-coming technologies, basically ensuring that Intel's PC chips will continue to be in demand. This announcement was made during Intel's keynote speech at Computex Taipei 2013:

 

Devices with human-like senses--the ability to see, hear and feel much like people do--has long been a subject of science fiction but is now within reach given recent innovations in compute power and camera technology. This new fund will invest in start-ups and companies enabling these experiences, helping them with the business development support, global business network and technology expertise needed to scale for worldwide use.

 

Intel has previously used Intel Capital to create a $300 million fund to push Ultrabook development. Intel Capital has been investing since 1991 and has spread $10.8 billion across 1,284 companies in 54 countries.

NEWS SOURCE
Venturebeat.com

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