Intel Goes on a $24.5 Million Spending Spree

Posted 05/24/2011 at 6:19am | by Paul Lilly

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We imagine it must be pretty lonely for Intel when the world's largest chip maker up and decides to go shopping. Not many companies have millions of dollars to spend on a whim like Intel does, who just went out and invested around $24.5 million in four companies. With the four new investments announced today, and with recently announced deals in China and India, Intel Capital surpasses $10 billion in total investments since its inception in 1991.

Intel's latest investments include CrowdStoar, a global developer of social games on Facebook and mobile platforms with a growing community of 31 million active monthly users; iStreamPlanet, a provider of live web broadcast management and automated video workflow; Music Mastermind, the developer of SoundBetter; and PerspecSys, a cloud data security provider.

Intel Capital's portfolio now runs over 1,100 companies deep in 48 countries. In 2010, Intel Capital invested $327 million in 119 investments with about 44 percent of funds invested outside the United States and Canada.

Strangely enough, it appears Intel Capital has yet to invest in a high definition camera. 360p only? That's just embarrassing.