Intel Capital invested a total of about $40 million in...
Intel Capital invested a total of about $40 million in 10 technology companies, it said Tuesday at the Intel Capital Global Summit in Huntington Beach, Calif. The companies that the Intel division invested in were 3D game developer Transmension of…
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China, social game developer LIFO Interactive, integrated circuit (IC) design company FocalTech of Taiwan, cloud services provider Tier 3, secure content sharing platform Box, Bollywood and South-Asian content distributor Hungama.com, social radio platform Jelli, mobile proximity platform NewAer, e-payment platform PagPop and mobile ad provider UUCun. Financial details of each investment weren’t disclosed. LIFO’s best-known game on Facebook, Train City, attracted more than 8 million users globally last year, Intel Capital said. The game maker is developing a mobile version of the same title, scheduled for release later this year, and has “several” mobile games in development for iOS, Android and Windows 8 app stores, said Intel Capital. Transmension specializes in providing and enabling the delivery of games to TV screens via IPTV, smart TVs and cable TV carriers, and has collaborated with various unspecified game studios to distribute titles to “millions of families,” said Intel Capital. FocalTech specializes in digital signal processing algorithm and mixed-signal circuit design for applications including touch-panel controller ICs, and it continues to expand into various new applications, said Intel Capital. FocalTech has shipped more than 100 million units of capacitive touch controller ICs, said Intel Capital. Since 1991, Intel Capital has invested more than $10.7 billion in more than 1,257 companies in 53 countries, it said. Last year, it invested $526 million in 158 investments, with about 51 percent of funds invested outside the U.S. and Canada, it said.