Intel Announces Six New Global Investments
Intel Capital, the venture capital arm of Intel Corporation, kicked off its eighth annual CEO Summit today with the announcement of six investments totaling $31 million. The deals, all led by Intel Capital, include: China-based 51.com (social networking) and Phoenix Microelectronics (microelectronics); Aternity (application management software) and Ceedo (portable computing environment), both based in Israel; and from the United States, Jajah (Internet telephony solutions) and Tutor.com (education network)
“With global reach, larger investment stakes and active collaboration, Intel Capital is a leader in company building and becoming engaged with companies beyond our initial investment,” said Arvind Sodhani, president of Intel Capital. “By bringing together savvy business executives, global decision makers and our inspired entrepreneurs, the CEO Summit demonstrates our proactive strategy in helping our portfolio companies succeed. We look forward to welcoming CEOs, executives and entrepreneurs from around the world to this year’s event.”
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