Intel Capital Invests $30 Million in Four U.S. Technology Companies
- Four new Intel Capital investments total approximately $30 million.
- Investments include cleantech, cloud computing and semiconductor manufacturing sectors.
- Intel Capital continues its commitment to fostering technological innovation in America.
SANTA CLARA, Calif., Sept. 14, 2010 - Intel Capital, Intel Corporation's global investment organization, today continued its strong commitment to fostering entrepreneurship in the United States with the announcement of four investments totaling over $30 million.
The deals include Moab® unified automation intelligence technology provider Adaptive Computing; analog IC physical design software developer Ciranova; cloud computing infrastructure and services provider Joyent; and energy software and services provider Nexant.
"A culture of investment is essential to keeping the U.S. on the leading edge of technology innovation and stimulating economic activity," said Arvind Sodhani, president of Intel Capital and Intel executive vice president. "The investments in Adaptive Computing, Ciranova, Joyent and Nexant are the latest examples of Intel Capital's commitment to advance the next technological breakthroughs by supporting innovation across a variety of sectors from chip design to cleantech to the cloud."
Details on the new investments follow:
Adaptive Computing (Provo, Utah) provides intelligent automation software for high- performance computing (HPC), data center and cloud environments. Adaptive Computing's solutions, powered by Moab, deliver intelligent governance that allows customers to optimally consolidate and virtualize resources, allocate and manage applications, improve service levels, and reduce operational costs. Adaptive Computing products manage the world's largest computing installations and are the preferred intelligent automation solutions for the leading global cloud, HPC and data center vendors. Intel Capital's investment will be used to expand Adaptive Computing's global cloud computing business.
Ciranova's (Santa Clara, Calif.) electronic design software helps engineers implement "mixed analog-digital" integrated circuits in advanced semiconductor processes. The company's products are used by semiconductor companies developing large-scale system-on-chip (SoC) ICs for consumer and communications devices such as mobile internet, broadband access, and high definition multimedia; they enable engineers to quickly integrate premium functions such as WiFi, Bluetooth and WiMAX into their chips. Intel Capital's investment will be used primarily to expand the company's sales and customer support operations.
Since 2004, Joyent, Inc. (Sausalito, Calif.) has provided infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS), delivering billions of page views each month for thousands of customers worldwide. Serving a network of service providers and thousands of customers with its Smart Technologies, Joyent is the only company that runs a major public cloud infrastructure, builds the technologies that power that infrastructure, and uses those technologies to enable multiple third-party public, private and hybrid clouds. Intel Capital's investment will enable Joyent to expand international operations and invest in open-source Node.JS and other technologies in the company's core PaaS cloud offering. This is Intel Capital's second investment in the company.
Nexant, Inc. (San Francisco) provides intelligent grid software and clean energy solutions that advance electric power grid and alternative energy technologies and services. Nexant solutions span the entire energy value chain - from production to consumption. The company's energy software and services are used by Fortune 500 companies, utilities, transmission and distribution system operators, chemical and petroleum majors, financial institutions, government agencies and development banks. With the ever-increasing energy consumed in data centers worldwide, Intel Capital's investment will be used to expand Nexant's software and services presence in IT and data center efficiency.
The funding for all four investments comes from the $200 million Intel Capital Invest in America Technology Fund. Announced in February, the fund invests in U.S.-based growth-oriented industries to foster sustained economic development and to anchor the nation's competitiveness on the global stage. It is part of a $3.5 billion initiative led by Intel and supported by many leading venture capital firms and corporations to support U.S. technology investment and to increase the hiring of recent college graduates.
About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has invested more than US$9.5 billion in over 1,050 companies in 47 countries. In that timeframe, 175 portfolio companies have gone public on various exchanges around the world and 241 were acquired or participated in a merger. In 2009, Intel Capital invested US$327 million in 107 investments with approximately 50 percent of funds invested outside the United States and Canada. For more information on Intel Capital and its differentiated advantages, visit http://www.intelcapital.com.
Latest News Posts
- Get Ahead of the iOS 9 Curve: Create Your Own iPhone Apps
- NVIDIA secures 81% of the GPU market according to JPR
- eSports betting startup Unikrn gets backed by Ashton Kutcher
- Naughty Dog announces March 18, 2016 release for Uncharted 4 on PS4
- Google is trying to make 4K video less demanding on your connection
- ASUSTOR AS5004T Four-Bay Consumer NAS Review
- Gigabyte G1 z170 Gaming 7 motherboard.
- Kingston DataTraveler microDuo 3C USB 3.1 Type-C Flash Drive Review
- PC-Q01/PC-Q03 Sizing Questions
- USB 3.0 header availability for PC-C37?
- CYBERTRONPC ANNOUNCES SMALL FORM FACTOR SYSTEM WITH AMD R9 NANO GRAPHICS CARD
- SilverStone Storage Devices - Mobile Series - MS08
- ASRock Z170 OC Formula Sets More Records at IDF 2015 San Francisco!
- ATTO Technology to Display Network and Storage Connectivity Portfolio at VMworld 2015
- SilverStone Accessories - Expansion Cards - ECM20