Intel Capital to Invest in Future of Automotive Technology


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 technology innovation.

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 and sensors.

“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.¹ 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 car.

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.

About Intel

Intel (NASDAQ: INTC – News) 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

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

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: G00175335)

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