Intel pledges USD60m to startups

Intel’s worldwide investment arm Intel Capital is to invest, in total, more than USD60m in eight startups, it has announced. The funding deals, primarily made with US firms, include a lead investment as part of Veoh video site’s new USD30m Series D funding round. The deals follow Intel Capital’s investment last month in Malaysian WiMAX firm Green Packet.

The eight startups to benefit from the new funds are e-commerce fraud management system Accertify, efficient energy software firm Grid Net, health and lifestyle video network HealthNation and Czech-based European online retailer, Internet Mall. Also receiving funds will be software as a service (SaaS) firm TOA Technologies, Latin American social network platform Vostu and India-based online education firm Vriti Infocom.

The funding was announced at Intel Capital’s ninth annual CEO Summit in San Francisco.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast;

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