Intel Capital America Fund Investeded 80% of commited dollars
At the eleventh annual Intel Capital CEO Summit in Huntington Beach, CA, Intel President and CEO Paul Otellini gave an update on Intel Capital’s Invest in America (IIA) Fund, a $200 million commitment to investing in innovation in the U.S. over the next two years. In less than nine months, Intel Capital has invested nearly 80% of the committed dollars in 56 companies around the country. These investments, totaling $156 million, are in exciting new areas from cloud computing and cleantech to educational gaming and smartphones. Intel, along with 24 fellow Venture Capitalists, is committed to the nation’s global competitiveness and investing in industries that will produce the next high tech jobs in the U.S.