Intel Capital, the corporate venturing unit belonging to the US-based semiconductor maker, announced seven investments in US-based companies on Thursday, totalling $24m.
US-based cloud software provider Dynamic Ops received $5m to add to the $11m it raised in its series B round in February, while online game testing company Swrve New Media obtained its funding as part of a $2.7m seed round.
Payment platform IP Commerce did not disclose the amount received from Intel but revealed it was part of a round which raised $20.7m in equity. Real-time analytics firm Guavus also raised undisclosed amounts from Intel Capital in rounds that regulatory filings revealed were worth $25m. Energy management software company enLighted received an undisclosed amount and had no regulatory filing.
In addition, follow-on investments were made in US-based predictive analytics firm Revolution Analytics, which closed a $13.4m round in June according to its regulatory filing, and US-based cloud gaming service Gaikai, which raised $30m last month according to its filing.
Intel has stated that the technology developed by the seven companies relate to Intel’s software strategy, based around the idea that software is an intrinsically vital element of Intel’s platforms and processes.
Arvind Sodhani, president of Intel Capital, said: "The best computing experiences unite leading-edge hardware with amazing software. These investments in best-of-breed software vendors play an integral part in Intel’s software strategy by fueling the creation of compelling and unique user experiences across devices. They also demonstrate our stage-agnostic approach to investing in support of this ecosystem."