Intel steps up local investment

The projects will be funded by Intel Capital, the chip giant's venture capital organization.

May 10, 2007 07:20
1 minute read.
intel chip 88 298

intel chip 88 298. (photo credit: )

Intel Corporation plans to invest in local start-up companies Aternity Inc. and Ceedo Technologies, Ltd. as part of a planned $31 million, six project venture capital campaign announced Wednesday at the company's annual CEO conference. The projects will be funded by Intel Capital, the chip giant's venture capital organization. Hod Hasharon-based Aternity, a supplier of application management software for enterprise IT, will use the funds to support market segment penetration as well as to expand its product line. Additionally, the company has entered into a marketing cooperation agreement with Intel under which its application software will include support for Intel vPro technology. Ceedo Technologies Ltd., a Rishpon-based provider of personal working environment software for consumer portable storage devices, will use the funds to accelerate its growth into the corporate and business market segments as well as look to solidify its position in the consumer software sector. Intel Capital has invested more than $6 billion in some 1,000 companies since its establishment in 1991. Last year, the company invested approximately $1b. in over 160 deals. Aside from the Israeli investments announced Wednesday, Intel Capital will invest in two companies each in China and the US. Separately, Intel released of a new platform of technologies, nicknamed "Santa Rosa," much of whose research and development took place at the company's centers in Haifa, Jerusalem and Petah Tikva. Included among the technologies are Intel Core2 Duo processors, Mobile Intel 965 Express chipset, the Intel Next-Gen Wireless-N and the vPro processor.

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