SANTA CLARA, Calif. KARLSRUHE/FELDKIRCHEN, Germany, Feb 29, 2012 (BUSINESS
WIRE) — –Intel Capital creates a $100 million Intel Capital Connected Car Fund
to accelerate technology innovation in the automotive industry.
–Intel Capital Connected Car Fund targeted at technologies that will deliver
new in-vehicle infotainment solutions, seamless mobile connectivity, compelling
applications and advanced driver assistance systems.
–By 2014, automobiles will be among the top three fastest-growing market
segments for connected devices and Internet content.
Intel Capital today announced a $100 million investment fund to help accelerate
innovation and the adoption of new technology and services in the automotive
industry. Intel Capital is the first global technology investment organization
headquartered in Silicon Valley to announce a dedicated focus on automotive
The Intel Capital Connected Car Fund will be invested globally over the next 4
to 5 years in hardware, software and services companies developing technologies
to promote new, compelling in-vehicle applications and enable the seamless
connection between vehicles and any connected device, including mobile devices
“Technology has become an integral component of everyday life, with consumers
demanding uninterrupted access to the Internet and the constant flow of
information, news, entertainment, and social media,” said Arvind Sodhani,
president of Intel Capital and Intel executive vice president. “Automobiles must
be able to provide these same consistent and engaging computing experiences, but
in a safe manner. The Intel Capital Connected Car Fund will drive the
development of technologies to enhance the in-vehicle experience of the future.”
The announcement is part of Intel’s ongoing work with automakers and in-vehicle
infotainment suppliers to help integrate advanced technologies into cars.
Ultimately, the connected car will have the intelligence and context awareness
to offer the right information, at the right time and in the right way to keep
drivers and passengers informed, entertained and productive while maintaining
optimal safety. Once the car becomes connected, it can also communicate with the
cloud, the transportation infrastructure and even other vehicles to provide
additional services such as advanced driver assistance and real-time traffic
information to optimize the flow of traffic.
“The car is the ultimate mobile device,” said Staci Palmer, general manager of
Intel’s Automotive Solutions Division. “By 2014, automobiles will be among the
top three fastest-growing areas for connected devices and Internet content.
Intel’s experience in developing personal computing, software, security and
cloud computing technologies will bring a new level of innovation to the car to
enhance the driving experience for both drivers and passengers.”
To help realize that vision, areas of investment for the Intel Capital Connected
Car Fund will include technologies that advance the next generation of
in-vehicle infotainment, advanced driver assistance systems and seamless mobile
connectivity. This includes new in-vehicle applications and development tools,
next-generation ADAS technologies and multimodal capabilities such as speech
recognition, gesture recognition and eye tracking optimized for the connected
In addition to the Intel Capital Connected Car Fund, Intel Corporation President
and CEO Paul Otellini also announced today at an event in Karlsruhe, Germany the
opening of a new global Automotive Innovation and Product Development Center, an
academic outreach program focused on IVI and telematics, and expansion of Intel
Labs Experience and Interaction Research in automotive.
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company
designs and builds the essential technologies that serve as the foundation for
the world’s computing devices. Additional information about Intel is available
at newsroom.intel.com and blogs.intel.com.
About Intel Capital
Intel Capital, Intel’s global investment and MA organization, makes equity
investments in innovative technology start-ups and companies worldwide. Intel
Capital invests in a broad range of companies offering hardware, software, and
services targeting enterprise, mobility, health, consumer Internet, digital
media, semiconductor manufacturing and cleantech. Since 1991, Intel Capital has
invested more than US$10.5 billion in over 1,218 companies in 51 countries. In
that timeframe, 196 portfolio companies have gone public on various exchanges
around the world and 291 were acquired or participated in a merger. In 2011,
Intel Capital invested US$526 million in 158 investments with approximately 51
percent of funds invested outside the U.S. and Canada. For more information on
Intel Capital and its differentiated advantages, visit www.intelcapital.com.
Intel and the Intel logo are trademarks of Intel Corporation in the United
States and other countries.
* Other names and brands may be claimed as the property of others.
(1) Gartner: Automobile of the Future: The Ultimate Connected Mobile Device (ID:
SOURCE: Intel Corporation
Maria Cubeta, 408-765-1937
Krystal Temple, 480-552-1760
Copyright Business Wire 2012
KEYWORD: United States
INDUSTRY KEYWORD: Technology
SUBJECT CODE: Economic News/Analysis