Intel Capital on Wednesday announced a $30 million investment in four technology startups, three of which are based in the Bay Area.
Although Intel didn't reveal the amount of each investment, the funding comes from the Intel Capital Invest in America Technology Fund, a $200 million program announced in February that identifies U.S.-based industries with growth potential.
The startups are as follows:
Adaptive Computing, based in Provo, Utah, which develops intelligent automation software for high-performance computing (HPC), data center and cloud environments. Adaptive Computing's core technology, called Moab, allows customers to consolidate and virtualize IT resources, allocate and manage applications, boost service levels, and cut operational costs.
Santa Clara, California-based Ciranova makes products for semiconductor companies that develop system-on-chip integrated circuits for communications devices. Ciranova's software helps engineers integrate WiFi, Bluetooth and WiMAX into their chips, and Intel Capital’s investment will help the company expand its sales and customer support operations.
Sausalito, Calif.-based provides cloud computing infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) technology for service providers and customers. Intel Capital's investment will allow the company to expand its international operations and continue improving its core PaaS cloud offering.
Nexant , a San Francisco, Calif.-based software developer, focuses on clean energy services such as electric power grids and alternative energy technologies. Nexant's emphasis on energy-efficient software for a variety of industries, including chemical and petroleum majors and government agencies, address the industry-wide demand for more power efficient data centers.
“The investments in Adaptive Computing, Ciranova, Joyent and Nexant are the latest examples of Intel Capital’s commitment to advance the next technological breakthroughs by supporting innovation across a variety of sectors from chip design to cleantech to the cloud," said Arvind Sodhani, president of Intel Capital and Intel executive vice president, in a statement.
