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TMCNet:  Intel Capital unveils new USD100m Intel Capital AppUp Fund

[November 16, 2011]

Intel Capital unveils new USD100m Intel Capital AppUp Fund

Nov 16, 2011 (TELECOMWORLDWIRE via COMTEX) -- Intel Capital, the global investment and M&A organisation of Intel Corporation (Nasdaq:INTC), on Tuesday unveiled a USD100m Intel Capital AppUp Fund.

This announcement was made at the 12th annual Intel Capital Global Summit.

The company said that the fund will invest in software tools and services companies developing innovative applications and digital content for the mobile and PC ecosystem available at the Intel AppUp centre, Intel's convenient, personalised and secure app store for netbooks, consumer laptops and Ultrabooks.

The initial two investments by the new fund include Urban Airship, a mobile platform-as-a-service company, and 4tiitoo, a German OSV and tablet device developer.

The Intel Capital AppUp Fund will invest in companies producing infrastructure, middleware, innovative applications and digital content across the continuum of connected devices in application developer-centric equity deals all over the world. The fund is built to advance computing innovations based on Intel architecture in key areas such as digital media consumption, context-aware computing and infrastructure applications, Intel said.

While the investments will focus across multiple technologies and devices, key areas include cross-platform technologies such as HTML5, as well as experiences designed specifically for Ultrabooks.

Also, in addition to the Intel Capital AppUp Fund and its first investments announced at the Global Summit Intel Capital, Intel Capital has announced USD45m in total in new investments worldwide.

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