The investing arm of chip giant Intel has invested $465 million so far this year and anticipates putting $600 million to work by the end of 2015.
Sourced through Scoop.it from: www.bizjournals.com
Intel Capital, the investment and M&A arm of chipmaker Intel Corp., is on track for a powerhouse year. The group has so far invested $465 million in technology companies worldwide. Fund managers think that number could rise to $600 million by year’s All told, Intel, which has one of the strongest track records of any corporate venture arm, has made 45 new investments and 49 follow-on investments in 2015. The portfolio counts 15 exits this year, while its 94 investments cover 22 different countries. Intel Capital revealed the numbers as the investment group gears up for its annual conference. The event brings together executive and investors to hear speakers and network. It’s expected that more Intel Capital investments will be announced at the event. This year’s event also marks the first summit for new Intel Capital President Wendell Brooks. Brooks is taking over from long time leader Arvind Sodhani, who announced his retirement earlier this summer amid a larger management shakeup.
Some notable Intel Capital investments this year are:
- $60 million into Chinese drone company Yuneec Aviation.
- California-based cloud computing company Mirantis, for which Intel led a$100 million round.
- Chicago-based gesture recognition and wearable platform Rithmio, for which Intel co-led a $3 million seed round.