[Foundation-l] Intel Invests $26 Million In CloudMade, Kaltura and Others

[GerardM]

Hoi,
More investment in the development of Open Source software cannot be
bad.. Congratulations Kaltura :)
Thanks,
GerardM

Aan u verzonden door GerardM via Google Reader: Intel Invests $26
Million In CloudMade, Kaltura and Others via TechCrunch door Leena Rao
op 14-2-11

Intel Capital, Intel’s investment arm, has announced six new
investments totaling $26 million in a number of startups developing
technology for mobile platforms. The startups intel invested in include
open source mobile software company Borqs; location-based mapping
platform provider CloudMade; QuantumFilm-based image sensor vendor
InVisage; open source online video platform Kaltura; online
authentication provider SecureKey Technologies; and collaboration
software developer VisionOSS Solutions.

For Intel, this funding represents more than just investments. Intel is
working with these startups to develop complimentary mobile
applications and platforms with the company’s technology. Here are the
mobile companies Intel announced investments in:

Borqs is an Android software integrator for mobile devices, which has
been deployed in more than 30 Android mobile devices for W-CDMA
networks and TD-SCDMA networks. The investment will be used for
business development.

CloudMade’s platform allows third parties to create applications with
stylized and customized map tiles, fully featured turn-by-turn
navigation, in-app advertising, local search and data sets relevant to
thousands of consumer activities. CloudMade distributes its
collaborative mapping, package maps, geo services and advertising to
developers and businesses; its main customers are mobile developers,
OEMs and network operators. More than 16,000 developers using
CloudMade’s tools to create applications. The new investment will be
used to improve technology and work with developers to provide them a
better suite of tools designed for their specific needs.

Kaltura, a TechCrunch40 company, provides an open source online video
platform that is used by more than 100,000 media and entertainment
companies, enterprises, small- and medium-size businesses, educational
institutions, service providers, platform vendors and system
integrators. The investment, which is part of a $20 million round from
Nexus Venture Partners, .406 Ventures, Avalon Ventures, and Silicon
Valley Bank, will be used to enhance rich-media functionalities on
tablets, mobile phones and other connected devices.

InVisage Technologies develops QuantumFilm, a commercial mobile
technology material for image sensors. It is essentially a light
capture material to allows users to take high-resolution images from
such handheld devices as camera phones and digital cameras. The
investment will be used to mass produce InVisage’s technologies.

SecureKey Technologies designs hardware and software solutions to
enable cryptographic capabilities of debit, credit and identity
smartcards, specifically for Near Field Communication-based phones, for
online authentication and online purchases. The investment will be used
to drive growth and expansion.

VisionOSS Solutions develops a communications and collaboration
platform to enterprise customers that are planning to, or have already
launched, complex, multi-cluster IP-PBX and UC&C architectures. The
investment, which is part of a $10 million round from Eden Ventures and
XAnge, will be used to fuel the company’s growth, and for further
development of its technology.
CrunchBase InformationIntel CapitalInformation provided by CrunchBase




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