Intel Capital, the corporate venturing division of US-listed chip maker Intel, has led the fourth round of funding for media technology company OpenPeak.
Intel Capital was the only new investor among a number of returning equity providers in US-based OpenPeak’s latest round, which raised $52m in equity and debt. GE Capital, Horizon Technology Finance and Velocity Financial Group provided the debt portion.
Arvind Sodhani, president of Intel Capital and Intel executive vice president, said: "OpenPeak’s hardware, software and services harness the capabilities of the Intel Atom processor, creating new mobile, digital home and embedded products in a variety of vertical market segments.
"New usage models and innovative mobile form factors are enhancing the way the world consumes content, and are a strategic focus for Intel Capital."
The company recently launched its OpenTablet 7, a portable, touch-screen device that combines telephony with multimedia communications and energy management services and applications.
In November 2007, OpenPeak closed its $30m series C round from venture capital firm RRE Ventures and angel investors Tomilson Hill, vice chairman of buyout firm Blackstone Group, and Mort Topfer, former vice chairman of Dell and co-founder of private equity firm Castletop Capital. OpenPeak’s other previous investors include John Sculley, former chief executive of Apple and Pepsi-Cola, and VCs Millennium Technology Ventures and GMG Capital Partners.
Including the series C round, news provider VentureWire said OpenPeak had previously raised nearly $63m across several funding rounds beginning in 2002.