Intel Capital Invests $65 Million in Cloud Technology
October 23rd, 2013 By: John Rath
At the Intel Capital Global Summit, the investment arm of Intel (INTC) announced investments in 16 new technology companies around the world, totaling $65 million. The 14th annual summit will create growth opportunities for Intel Capital portfolio companies, and drive innovation in the cloud, datacenter, mobile technologies and consumer-related services.
“The annual Intel Capital Global Summit brings together our vast worldwide network of decision-making Fortune 1000 executives with our portfolio company CEOs to network, exchange ideas and kick start partnerships and business deals,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president. “We are also excited to announce new investments in these 16 innovative companies and look forward to supporting them with our unmatched company-building programs like the Intel Capital Technology Days.”
Intel invested in Foster City, California-based Cloudian, an Amazon S3-compatible object storage platform that enables service providers and enterprises to deploy reliable, affordable and scalable storage clouds on-premise. Cloudian is actively partnering with leading cloud computing environments including Citrix Cloud Platform, Apache CloudStack and OpenStack, along with cloud on-ramp providers and the vast ecosystem of tools and applications afforded through true S3 compatibility. The company will use its funding to expand it’s sales and support capabilities as well as accelerate the company’s growth in enterprise storage.
In Singapore Intel invested in in CloudFX, a company that provides cloud strategy consulting and implementation services. CloudFX has transformed some of Asia’s largest companies by re-architecting entire IT infrastructures, streamlining IT operational management processes and providing advanced cloud service management, automation and integration services. In China Intel invested in CSDN, which provides knowledge, career and development services and owns several leading brands including Chinese IT technology online communities CSDN and ITeye, Chinese IT professional journal Programmer, China IT senior managers community CTO Club, China mobile developer community CMDN, code hosting and social coding cloud platform CODE and IT recruiting website Pongo.
Finland’s SkySQL received funding from Intel Capital. The company is a global software vendor specializing in high availability and high-performance SQL. While still heavily involved with mySQL, SkySQL also embraces the rapidly expanding open source branch of mySQL – MariaDB. It was recently reported that Google was switching its preferred database from mySQL to MariaDB.
Other investments included DotProduct – a real-time 3D data capturing software, Wayz Japan (Fileforce), Israel-based Interlude, Taiwan-based Lintes Technologies, business continuity and disaster recovery platform Perpetuuiti TechnoSoft Services in Singapore/India, Prism Skeylabs, Reduxio Systems (Israel), Rocketkick, Savaari Car Rentals, SBA Materials, and WiTricity.