US-listed semiconductor maker Intel has made four investments worth more than $30m from its $200m Intel Capital Invest in America Technology Fund launched in February.
Intel Capital, Intel’s corporate venturing division that manages the fund, provided funding to Adaptive Computing, a provider of an automation intelligence technology; Ciranova, a software developer; Joyent, a provider of cloud computing infrastructure and services; and Nexant, a provider of energy software and services.
Intel was the sole investor in Ciranova’s undisclosed round.
Adaptive closed its series A round of financing at $14m from Intel Capital as the lead investor, and venture capital (VC) firms Epic Ventures and Tudor Ventures.
Intel Capital also led Joyent’s $15m series C round, which included VC Greycroft Partners and cable company Liberty Global as a new investor. It was Intel’s second investment in Joyent, after the company raised $8.5m from Intel Capital in November, according to a US filing published by news provider GigaOm.
Nexant had in July raised $32.5m towards a $50.4m equity round, according to news provider VentureWire. By 2002, Nexant had raised $30m from Bechtel Capital Partners, Beacon Group, Morgan Stanley, IBM, Nth Power Technologies and MIC Capital, VentureWire said.
Arvind Sodhani, president of Intel Capital and Intel executive vice president (pictured), said: "A culture of investment is essential to keeping the US on the leading edge of technology innovation and stimulating economic activity. "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."