Intel has taken up a patriotic cause this year, paying special attention to promising U.S.-based companies. The company announced Tuesday four software and chip companies that have collectively received over $30 million from its Intel Capital Invest in America Technology Fund, including an energy software maker.
The latest investments go to Adaptive Computing, Ciranova, Joyent and Nexant. Nexant, in particular, develops a host of software for the energy industry and other corporate users, including grid operators, utilities and financial institutions. The software enables the companies to manage customer billing and incentive programs, wholesale market pricing and other enterprise infrastructure.
San Francisco-based Nexant, founded in 2000, also works with its customers to buy and sell energy certificates and credits and lists Nth Power, IBM, Morgan Stanley Global Energy Group and Energy Software and Consulting among its other investors.
Intel Capital announced the $200 million Invest in America Fund in February this year, as well as an initiative it spearheaded to bring together 24 VC firms, including Kleiner Perkins Caufield & Byers, Menlo Ventures, Mohr Davidow Ventures, New Enterprise Associates, Draper Fisher Jurvetson, Khosla Ventures and North Bridge Venture Partners, to invest a total of $3.5 billion into startups over the next two years. Back in July, Intel Capital announced five investments into cleantech startups in energy monitoring, smart grid and other areas.
Here is a rundown of the three other Intel investments:
Adaptive Computing: Based in Provo, Utah, and founded in 2001, Adaptive Computing develops automation software to manage supercomputers and data centers, and counts Yahoo, IBM, Los Alamos National Laboratory, Boeing, ExxonMobil and Merck as customers. Intel Capital led the $14 million Series A round, with participation by Tudor Ventures and EPIC Ventures. Adaptive Computing plans to use funding from Intel to boost its cloud computing offerings.
Ciranova: Intel returns to its semiconductor roots by picking Ciranova, which develops software to enable engineers to design communication capabilities — such as Wi-Fi and Bluetooth — into chips for a variety of consumer electronics and communication equipment. Designing analog and mixed signals onto a chip is a tricky task, especially given the increasingly sophisticated consumer devices that can hop on several types of communication networks. Ciranova, based in Santa Clara, Calif., has worked closely with Taiwan Semiconductor Manufacturing Co.
Joyent: Intel is bullish enough about Joyent to invest in it a second time. Joyent runs cloud computing services, an increasing popular approach that offers distributed computing on demand. The San Francisco-based company’s customers include LinkedIn, Gilt Groupe (online purveyor of luxury goods), Kabam! (social game developer) and Context Optional (marketing software). Joyent said Tuesday that Intel’s funding is part of a $15 million Series C round, which also includes money from Greycroft Partners and Liberty Global. Joyent runs data centers in California, Texas, Massachusetts and China.
Image courtesy of stephen.moore.