Intel Capital has invested $8.8 million in NxtGen Datacenter & Cloud Technologies, a Bangalore-based IT infrastructure services provider, according to an Intel statement.
NxtGen provides datacenter and enterprise cloud services from its own facilities and also deploys on-premises datacenters at customer locations. The company markets its services in India and the Middle East, and has plans to enter Southeast Asia, the statement said.
“Intel Capital’s latest investment demonstrates the breadth of innovation in India, with companies here at the forefront of cloud computing and data infrastructure services,” said Arvind Sodhani, president.
The investment will support further development of on-premises datacenters and help complete a large high-density datacenter in Bangalore, which is expected to be operational by March 2014, said A.S. Rajgopal, NxtGen’s managing director and chief executive officer, in the statement.
The investment capital is from the $250 million Intel Capital India Technology Fund established in December 2005.
Intel Capital is the private equity arm of the US-based semiconductor giant. The firm has invested $330 million in India in 90 technology companies since 1998.
In June, Intel invested $16 million across three Asia Pacific e-commerce businesses: India’s health product distributor Bright Lifecare, consumer goods website Snapdeal.com, and an existing Singapore-based portfolio company Reebonz.com, an online luxury retailer, Private Equity International reported earlier.
The firm also manages the $500 million Intel Capital China Technology Fund II, which is among several vehicles mandated to invest in Asia, according to PEI’s Research & Analytics division.