Intel Capital invests USD 65 Mn in 16 companies including 2 Indian companies

intel capitalIntel Capital, venture arm of Intel Corporation has announced its investments in around 16 companies across various categories including cloud computing to datacenter, mobile and consumer services.

The announcement came during the 14th Annual Intel Capital Global Summit where it announced that it has invested a total of USD 65 Mn combined in 16 companies.

Mumbai based Perpetuuiti, a disaster recovery management firm and Bangalore based Savaari are among the companies in which Intel Capital has announced investments.

However details of investment amount in each company have been left undisclosed at the current point of time.

perpetuuitiPerpetuuiti offers real-time visibility and “availability management” of business continuity planning/disaster recovery (BCP/DR) infrastructure. The “continuity platform” fully automates BCP/DR processes and brings visibility tied to business impact, allowing single click BCP/DR invocation.

Its products work with a variety of complex heterogeneous IT environments, orchestrating continuity and recovery procedures for virtual and physical computing resources across data centers.

Perpetuuiti was co-founded by two Sanovi Technologies colleagues Sundar Raman and Rohil Sharma in 2011. It has clients like Vodafone and Idea Cellular and it also sells its solutions through partners such as IBM and TCS.

“We are excited about the cloud, data-centre and analytics space. It is a strategic investment for us. We have an India fund which is yet to get over. We will announce a new fund whenever it is needed… We are a long term and patient stage agnostic investor since we don’t have a fund with a finite life,” said Arvind Sodhani, President, Intel Capital to ET.

This is Intel Capital’s second investment in Data Centre ecosystem in India, previously it had invested INR 54 crore in Bangalore based NxtGen Data Centre and Cloud Technologies. Last week, Druva, a data protection solutions company had raised USD 65 Mn.

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savaariBangalore based Savaari is an online car rental service company, offering car rentals across 60 cities in India to both retail and corporate customers, it has previously raised USD 1 Mn in funding last year from Inventus Capital.

Other companies that have raised funding from Intel Capital during the summit include – high-speed connectivity products company Lintes Technologies (Taiwan); cloud consultancy CloudFX (Singapore); cloud storage software provider Cloudian (Japan/USA); community website and services platform CSDN (China); cloud file service Fileforce (Japan); 3-D software developer DotProduct (USA); interactive video platform Interlude (Israel); 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 provider WiTricity (USA).

To contact author, email pooja.sareen@wirefootindia.com

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