Intel’s venture capital arm, Intel Capital, said earlier this week that it is investing $30 million in four technology startups, including Adaptive Computing, a developer of software for data centers and cloud computing.
Intel did not disclose the individual amounts it is investing in the companies, but said the funds are coming from its $200 million Intel Capital Invest in America Fund, which it launched in February.
Adaptive Computing, based in Provo, Utah, provides intelligent automation software for high-performance computing (HPC), data center and cloud environments. It’s Moab line of products help customers virtualize resources and allocate and manage applications.
Intel said its investment will be used to expand Adaptive’s global cloud computing business.
While Intel did not reveal the individual amounts it was investing in the startups, Adaptive issued a separate press release saying it had received a $14 million round of financing that included Intel as the lead investor, Tudor Ventures, and Epic Ventures.
“With an established global customer base and a cloud pipeline filled with opportunity, the new funding will enable the company to increase headcount and expand operations to meet the growing global demand,” Michael Jackson, Adaptive’s chief operating officer and president, said in a statement.
Intel said it has also participated in a follow-up round of funding for Joyent, a Sausalito, Calif., provider of cloud computing infrastructure. The investment will allow Joyent to expand its infrastructure-as-as-service (IaaS) and platform-as-a-service (PaaS) cloud offerings.
The two other startups receiving funding were:
- Ciranova, a Santa Clara, Calif., developer of chip design software.
- Nexent, a San Francisco-based provider of intelligent grid software and clean energy services.
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