Intel Capital Leads Venture Funding in Ortiva Wireless, 17 Others
San Diego’s Ortiva Wireless said today it has raised $8 million in a Series C round led by Intel Capital, which was joined by existing investors Comcast Interactive Capital, Artiman Ventures, and Mission Ventures of San Diego. Ortiva, which has developed technology to optimize video on wireless networks, says it plans to use the funds to expand sales, marketing, and engineering resources.
In a separate announcement released today at the 11th annual Intel Capital CEO Summit in Huntington Beach, CA, Intel Capital said its investment in Ortiva was one of 18 recent investments totaling approximately $77 million. Intel Capital says 10 of the 18 deals were in technology companies outside the United States—Brazil, China, Germany, India, Israel, Malaysia, the Netherlands, Russia, Taiwan, and the Ukraine.
Intel Capital says it made the investments based on Intel’s strategic goals to foster innovation in core PC and server market segments, including cloud computing, mobility solutions and access to broadband wireless. Intel says it’s also making investments to encourage advancements in adjacent technologies, including smart TVs, tablets computers, and smartphones.
In its statement, Intel Capital says 2010 has been an “excellent” year for Intel Capital’s portfolio companies, with 28 companies exiting this year through either an IPO or acquisition. More than 700 people attended the Intel Capital CEO Summit today.