Intel Capital invests $65 mn in 16 new firm spanning 9 countries

Invests in Perpetuuiti Technosoft and Savaari Car Rentals from India

Intel Capital, Intel’s global investment and M&A organization, has invested $65 million across 16 technology companies including two from India, Perpetuuiti Technosoft and Savaari Car Rentals.

Spanning nine countries, the new investments will help drive innovations in the cloud, datacenter, mobile technologies and consumer-related services.
 
In India, Intel Capital invested in Perpetuuiti Technosoft which offers real-time visibility and availability management of business continuity planning, disaster recovery (BCP/DR) infrastructure and online car rental company Savaari Car Rentals.

“Perpetuuiti Technosoft is a rarity - a product oriented company that started in India but is expanding globally, that’s focused on leveraging its technology to provide enterprises with visibility into data availability and business continuity through a single click, mobile centric, fully automated platform,” said Sudheer Kuppam, Managing Director, Asia-Pacific, Intel Capital.

“We are excited to invest in Savaari as it seeks to use technology to organize the largely unorganized car rental market and bring more consumers online. This is an important element in our portfolio approach to develop the online ecosystem in India to engage First Time Buyers (FTBs),” said Kuppam.

Other investments made include cloud consultancy CloudFX (Signapore); cloud storage software provider Cloudian (Japan/USA); community website and services platform CSDN (China); 3-D software developer DotProduct (USA); cloud file service Fileforce (Japan); interactive video platform Interlude (Israel); technology peripherals company Lintes Technologies (Taiwan); mobile news syndicator Mobiles Republic (France/USA); visual merchandising and analytics solutions Prism Skylabs(USA); hybrid storage provider Reduxio Systems(Israel); chip simulation acceleration Rocketick(Israel); semiconductor materials developer SBA Materials(USA); open source database solutions SkySQL(Finland); and wireless electricity developer WiTricity (USA).  

Designed to create growth opportunities for Intel Capital portfolio companies through structured networking, the Intel Capital Global Summit includes a full agenda of keynote presentations, expert panels and more than 2,000 targeted meetings between portfolio company CEOs and key business executives. Portfolio companies attending past Global Summits have gone on to sign business deals with leading corporations across a wide range of industries.
 
“We are excited to announce new investments in these 16 innovative companies and look forward to supporting them with our unmatched company-building programs like the Intel Capital Global Summit,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president.

 
The investment managers for the India investments are Bhavanipratap Rana, Intel Capital Investment Director based at Bangalore and Deepak Gupta, Intel Capital Director based at Mumbai.

Intel Capital in India

Intel Capital made their first investment in India in 1998 and has invested over $330 million in more than 90 technology companies across 10 cities till date. In December 2005, Intel Capital launched the “Intel Capital India Technology Fund” worth $250 million. Out of this approximately 80% has been deployed with over 40 Indian technology companies receiving investments. More than 20 companies Intel has invested in India have gone public till date.