Intel Capital has invested $30 million in four technology companies today, announcing investments in the cleantech, cloud computing and semiconductor manufacturing sectors. The investments were part of Intel’s recently announced $200 million Intel Capital Invest in America Technology Fund, aimed to support investment in U.S.-based startups. The investments include:
Utah-based IT startup Adaptive Computing: Adpative Computing has raised $14 million in Series A funding led by Intel Capital with Tudor Ventures and EPIC Ventures participating in the rounds. This is Adaptive Computing’s first round of funding, after nine years of profitability, says the company.Adaptive Computing’s software, Moab, helps companies manage complex cloud computing environments. Moab consolidates and virtualizes resources, allocates and manages applications, improves service levels, and helps reduces operational costs.
Ciranovo: Ciranovo provides an electronic design software helps engineers implement “mixed analog-digital” integrated circuits in advanced semiconductor processes. The software allow engineers to integrate premium functions such as WiFi, Bluetooth and WiMAX into their chips. Intel Capital’s investment will be used primarily to expand the company’s sales and customer support operations.
Joyent: Joyent, the Californian provider of cloud computing solutions, has raised $15 million in Series B funding led by Series A investor Intel Capital, with additional support from existing investor Greycroft Partners and new investor Liberty Global. This brings Joyent’s total funding to over $23 million. Joyent had previously raised $7 million from Intel in November of 2009. Joyent actually builds the technologies that power cloud computing nfrastructure, and uses those technologies to enable multiple third-party public, private and hybrid clouds. Intel Capital’s investment will enable Joyent to expand international operations and invest in open-source Node.JS and other technologies in the company’s core PaaS cloud offering.
Nexant: Nexant develops intelligent grid software and clean energy solutions that advance electric power grid and alternative energy technologies and services. The company’s energy software and services are used by Fortune 500 companies, utilities, transmission and distribution system operators, chemical and petroleum majors, financial institutions, government agencies and development banks. While it’s unclear how much Intel invested in Nexant, the company raised an undisclosed round of funding in July totaling $32.5 million. With the increasing energy consumed in data centers worldwide, Intel Capital’s investment will be used to expand Nexant’s software and services presence in IT and data center efficiency.
Earlier this year, Intel invested $15 million in eldercare website Caring.com, real estate investment ratings provider SmartZip Analytics and virtualization infrastructure services provider Virtustream.