Intel Capital unveils US$100mn fund for applications, digital content

- Wednesday, November 16, 2011

Intel Capital unveils US$100mn fund for applications, digital content

Intel Capital, the global investment arm of US chip manufacturer Intel (NYSE: INTC), has launched a US$100mn fund, the company said in a statement.

The Intel Capital AppUpSM Fund will invest in software tool and service companies developing innovative applications and digital content for the mobile and PC ecosystem available at the Intel AppUpSM center, the company's app store for netbooks, consumer laptops and ultrabooks.

"The Intel Capital AppUpSM Fund will help encourage the creation of companies interested in delivering or enabling applications that enhance and extend the online experience for the 15bn devices expected to be connected by 2015," said Arvind Sodhani, president of Intel Capital and Intel executive VP.

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The fund will invest in companies producing infrastructure, middleware, innovative applications and digital content.

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