Startups from California have walked away with bulk of the 16 new investments totaling $62 million from Intel Capital, illustrating Silicon Valley’s lead in attracting top ventures, amid the startup boom in capitals across the globe.
Two Asian companies made the cut – Pilot TV from Taiwan and Thundersoft (China and Taiwan) – and were joined by two startups from Israel – Stratoscale and Screenovate Technologies – and along with Canada’s Reno Sub-systems, constitute the five companies from outside the US that will receive funding from Intel Capital, the investment arm of Intel Corporation.
“Intel Capital invests in the technology continuum that runs from wearables and the Internet of Things to big data analytics – and everything in between, including silicon, smart devices, PCs, the cloud and datacenters,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president, while adding it expects to invest a total of $355 million this year.
Taiwan-based Pilot TV is a digital signage network operator that designs, deploys and jointly operates digital signage systems for retail venues, operating over 6,000 screens in various channels including convenience stores, fast food chains, drugstores and rapid transit stations.
Thundersoft, that is headquartered in Beijing and has offices in Taiwan, is a mobile OS core technology and solution provider that accelerates product development by providing leading technology and services, specifically for Android smartphone and tablet services.
Read about the 16 winners here.
Intel Capital did not divulge the amount it is investing in each of these startups.
The list also includes Braigo Labs Inc from Palo Alto, California, that is founded by 13-year-old entrepreneur and middle schooler Shubham Banerjee. This startup provides scientific and technological services by researching and developing technology-based innovations and services and its products include Braigo v1.0, a Lego Braille printer that dramatically reduces the price of a printer from more than $2,000 to $350 for education, teaching and home-use purposes.
In 2013, Intel Capital made 146 investments totaling $333 million including 63 new investments and 83 follow-on investments. The new investments accounted for $245 million and Intel Capital also had had 33 exits last year, as 6 portfolio companies completed IPOs and 27 were acquired, either through a purchase or a merger.