Intel Invests $26 Million In CloudMade, Kaltura and Others
Intel Capital, Intel’s investment arm, has announced six new investments totaling $26 million in a number of startups developing technology for mobile platforms. The startups intel invested in include open source mobile software company Borqs; location-based mapping platform provider CloudMade; QuantumFilm-based image sensor vendor InVisage; open source online video platform Kaltura; online authentication provider SecureKey Technologies; and collaboration software developer VisionOSS Solutions.
For Intel, this funding represents more than just investments. Intel is working with these startups to develop complimentary mobile applications and platforms with the company’s technology. Here are the mobile companies Intel announced investments in:
Borqs is an Android software integrator for mobile devices, which has been deployed in more than 30 Android mobile devices for W-CDMA networks and TD-SCDMA networks. The investment will be used for business development.
CloudMade’s platform allows third parties to create applications with stylized and customized map tiles, fully featured turn-by-turn navigation, in-app advertising, local search and data sets relevant to thousands of consumer activities. CloudMade distributes its collaborative mapping, package maps, geo services and advertising to developers and businesses; its main customers are mobile developers, OEMs and network operators. More than 16,000 developers using CloudMade’s tools to create applications. The new investment will be used to improve technology and work with developers to provide them a better suite of tools designed for their specific needs.
Kaltura, a TechCrunch40 company, provides an open source online video platform that is used by more than 100,000 media and entertainment companies, enterprises, small- and medium-size businesses, educational institutions, service providers, platform vendors and system integrators. The investment will be used to enhance rich-media functionalities on tablets, mobile phones and other connected devices.
InVisage Technologies develops QuantumFilm, a commercial mobile technology material for image sensors. It is essentially a light capture material to allows users to take high-resolution images from such handheld devices as camera phones and digital cameras. The investment will be used to mass produce InVisage’s technologies.
SecureKey Technologies designs hardware and software solutions to enable cryptographic capabilities of debit, credit and identity smartcards, specifically for Near Field Communication-based phones, for online authentication and online purchases. The investment will be used to drive growth and expansion.
VisionOSS Solutions develops a communications and collaboration platform to enterprise customers that are planning to, or have already launched, complex, multi-cluster IP-PBX and UC&C architectures. The investment will be used to fuel the company’s growth, and for further development of its technology.
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