{"id":43276,"date":"2023-10-20T15:27:24","date_gmt":"2023-10-20T15:27:24","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/intel-capital-creates-100-million-appup-fund-startupsmart\/"},"modified":"2023-10-20T15:27:24","modified_gmt":"2023-10-20T15:27:24","slug":"intel-capital-creates-100-million-appup-fund-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/intel-capital-creates-100-million-appup-fund-startupsmart\/","title":{"rendered":"Intel Capital creates $100 million AppUp fund – StartupSmart"},"content":{"rendered":"

Intel has created a $100 million fund to invest in developing technologies that work across multiple devices, announcing the fund at its annual Global Summit. <\/span><\/p>\n

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Based in the United States, Intel Capital is the investment arm of Intel. Its new AppUp fund will invest $100 million in companies creating applications and digital content for multiple devices.<\/p>\n

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Mobile platform-as-a-service start-up Urban Airship, and tablet operating system developer 4tiitoo, are the first two companies to secure financing through the AppUp fund.<\/p>\n

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The AppUp fund is named after Intel\u2019s AppUp app store and is intended to enhance the selection of available applications and content.<\/p>\n

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In 2010, Intel launched the AppUp program, which helps developers build cross-platform applications. The program is focused on apps that run on PCs from Windows to Linux.<\/p>\n

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But according to company spokesperson Peter Biddle, the apps could also run on a variety of devices including mobile devices, TVs and cars.<\/p>\n

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While Intel Capital predominantly invests in US consumer technology companies, it is beginning to show more interest in consumer technologies in emerging countries.<\/p>\n

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\u201cMany of the apps [internationally] are unique because of the cultural issues or the way the country works,\u201d Intel Capital president Arvind Sodhani said at the summit.<\/p>\n

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According to Sodhani, Intel Capital also seeks to go after markets that have not been explored by venture capitalists.<\/p>\n

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\u201cWe tend to go to places where the VC ecosystem has not gone yet,\u201d Sodhani said.<\/p>\n

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To date, Intel Capital has invested more than $10 billion in around 1,100 companies across 51 countries.<\/p>\n

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It finances everything from application and consumer-centric companies to cloud computing technologies and businesses tackling infrastructure needs.<\/p>\n

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So far this year, Intel Capital has invested $472 million in more than 70 start-ups. According to Sodhani, the organisation has also seen six IPOs \u2013 mostly in Asia \u2013 and 25 M&A exits.<\/p>\n

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While Intel Capital invests across the technology spectrum, it is adept at investing in the technology that is behind the flashy consumer applications, Sodhani said.<\/p>\n

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\u201dBefore you can build  the final apps that consumers rave about, you need the seven layers underneath, ranging from drivers to operating system to plugs-ins to middleware,\u201d he said.<\/p>\n

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\u201cSo all the layers have to be created and a whole ecosystem has to be built. We\u2019re very good at building those ecosystems.\u201d<\/p>\n

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Sodhani emphasized his focus on Intel Capital\u2019s $300 million Ultrabook Fund, which invests in tablet computing hardware and software technologies to lengthen battery life, improve physical designs and increase storage capacity.<\/p>\n

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The fund will be invested over the next three to four years and is aimed at fueling innovation for mobile devices, although it is yet to announce any investments.<\/p>\n","protected":false},"excerpt":{"rendered":"

Intel has created a $100 million fund to invest in developing technologies that work across multiple devices, announcing the fund<\/p>\n","protected":false},"author":1,"featured_media":59883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/43276"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=43276"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/43276\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/59883"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=43276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=43276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=43276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}