Intel has made a huge investment in 16 tech companies amounting to $62 million. The investment is a part of its mission to move beyond the area of conventional chips. Among the many companies which Intel has funded, there is one company that uses drones to gather aerial data, some mobile video and audio companies and a virtual reality goggles company. The investment was announced at the Intel Capital’s yearly global conference which was held in Huntington Beach in California. Intel has also invested $28 million in different Chinese companies. Intel Capital plans to reach around $355 million in total investments in 2014 itself.
Intel Focuses on Eye-Tracking Technology, Wearables and Mobile
The latest investments of Intel shows that this company is now focused on eye-tracking technology, mobile, drones and wearable devices. This step has been taken so that its business is not just limited to PCs, which has lost its market with the increasing use of tablets and smartphones. The majority of the profits for Intel come from the data-center and PC chips. By investing in different and new areas, the company will be able to grow its business.
Companies that Intel Invested in
A California-based company named Avegant, was among the 16 new companies where the investment was made. Right now, the company is developing a set of goggles which can also be used as headphones and is called Glyph. Earlier this year, the firm raised more than $1 million through Kickstarter. Now, $9.37 million funding round has been announced for the company and Intel is the principal investor. The product is expected to be shipped next year.
It has also funded Eyefluence, a company which is in the development of eye-tracking technology that is used for augmented or virtual reality devices.
EyeSmart is another company which has been funded by Intel, as a part of its Chinese investments. The company develops iris-recognition technologies.
A start-up, Braigo Labs, created by Subham Banerjee, a 13 year old boy, is a part of the $62 million investment. The company is into the development of a low-cost Braille printer.
Other companies include Audyssey, which works on improving sound quality for TVs, home theaters and mobile phones; PrecisionHawk, which uses drones to gather and study aerial data; Screenovate, which allows users to show games and movies from their mobile devices to their TV sets.
With this huge investment, Intel will start reaching out to areas which are now highly in demand.
What do you think?
Do you think Intel made the right decision investing in these companies? What technologies do you think will be used more in the future? Share your insights in the comments below.
Image Source – datacenterjournal.com