Intel Capital Unveils $24.5M in Investments

Wade Roush5/24/11

Intel Capital, the venture investing wing of the giant Santa Clara, CA-based chipmaker Intel (NASDAQ: INTC), announced yesterday at an event in New York that it has invested $24.5 million in four information technology startups. The new Intel portfolio companies include Burlingame, CA-based CrowdStar, which makes social games for Facebook and mobile devices; Las Vegas-based webcaster iStreamPlanet; Calabasas, CA-based Music Mastermind, which is developing an online platform that will let musicians create and share songs; and Orangeville, Ontario-based PerspecSys, a cloud data security company working with Salesforce.com.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @