Intel Capital commits to $22m across 10 startups, plans for $500m in Asian startups

Intel Capital commits to $22m across 10 startups, plans for $500m in Asian startups

Intel logo. Credit:Flickr/Josh Bancroft

Intel Capital, the Intel Corporation’s global investment and M&A arm, announced at the Intel Capital Global Summit on 4 November 2015 that it had committed to new investments totalling more than $22 million in 10 startup ventures across a range of industries. .

Commenting on this development in a releaseWendell Brooks, Intel corporate vice president and incoming president of Intel Capital stated: “With today’s announcement, we’re on track to invest more than $500 million in startups in 2015. Together with another robust group of exits, we’re poised for one of the organisation’s strongest years ever.”

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