On Wednesday, Intel Capital, the venture capital investment arm of chipmaker Intel, announced the $300 million Ultrabook Fund, which will invest in companies building hardware and software technologies for its new range of ultra-thin laptops. The chipmaker had announced the Ultrabook project in May, laying down the roadmap for laptops that would be thinner and lighter than most existing laptops, including the MacBook Air.
The new fund will be invested over a period of 3-4 years, said a press release. The firm, which draws on its parent’s resources to make investments in technology startups globally, has invested over $10 billion since 1991. Out of the 1,140 companies that it has backed so far, 191 have gone public. Last year it invested $327 million, of which approximately 44 per cent was invested outside the US and China.
This is not the first time that Intel Capital has created a dedicated fund aimed at a particular segment or geographic region. In the past it has launched the $250 million India Technology Fund and the $500 million China Technology Fund. There have been similar funds in Brazil and Turkey. Similar to the Ultrabook Fund, other technology-specific funds include the $200 million Digital Home Fund and the $500 million Communications Fund.
In India, the firm has invested $230 million in 70 companies since 1998. Some of its notable deals include Sharekhan, India Infoline, Comat Technologies, Subex Systems, Rediff and Persistent Systems.