Intel invests $26million to boost mobile ecosystem
Intel Capital has announced investments worth $26million in a bid to drive innovation across mobile hardware, software and applications ecosystems.
Intel's global investment organisation has signed deals with Borqs, an open source mobile software specialist; CloudMade, a location based mapping platform provider; InVisage, a QuantumFilm based image sensor vendor; Kaltura, an open source online video platform company; SecureKey Technologies, an online authentication provider and VisionOSS Solutions, a communications service software provider.
According to Anand Chandrasekher, Intel senior vice president and general manager of the company's Ultra Mobile Group, Intel is working with the companies to help advance mobile platform initiatives across smart device segments including handheld, tablet and notebook businesses. "The investments, coupled with Intel's expanding set of capabilities in silicon, software and communications, will help the company accelerate plans across a variety of smart devices and market segments" he said.
