Intel Capital, the chip-makers VC arm, unveiled a $100 million Intel Capital AppUp Fund, which will invest in software tools and services companies developing applications and digital content for the mobile and PC ecosystem based on Intel architecture.
Right from the start, they announced the first two companies to invest in:
- Urban Airship (Portland, Ore.) which allows mobile publishers and developers to reach target audiences and increase app revenue streams through push notifications, in-app purchasing, subscriptions, context and geo-location.
- 4tiitoo AG (Germany) that specializes in the development of open source based software solutions across all system layers from kernel development up to application development. The company’s “WeTab OS” is optimized for tablets and mobile devices, supporting apps from multiple platforms and technologies for “best and unrestricted web and computing experience.”
In addition to the Intel Capital AppUp Fund and its first investments, Intel Capital also announced 10 new and planned investments: India’s Happiest Minds Technologies and TELiBrahma; China’s Outblaze Venture Holdings, Miartech and MakePolo.com; South Korea’s Neosem; Taiwan’s SNSplus and Insyde Software; and Japan’s OneBe and G-cluster…