Intel invests in seven Asian startups

The venture capital unit of Santa Clara-based Intel has added to its India portfolio through new technology investments.

Intel Capital, the venture capital arm of semiconductor giant Intel, has made seven new investments in Asia, according to a statement from the firm.

Two investments were in India: Perpetuuiti Technosoft, business continuity planning/disaster recovery firm and online car rental company Savaari Car Rentals.

Intel Capital's seven Asia deals are part of 16 new global investments, which all together totaled $65 million

“Perpetuuiti Technosoft is a rarity — a product-oriented company that started in India but is expanding globally, said Sudheer Kuppam, Intel Capital’s managing director for Asia-Pacific, in the statement.

About Savaari, he added: “We are excited to invest in Savaari as it seeks to use technology to organise the largely unorganised car rental market and bring more consumers online. This is an important element in our portfolio approach to develop the online ecosystem in India to engage first time buyers.”

Other Asia investments include three companies in the cloud-computing sphere: CloudFX, a Singapore-based cloud computing consultancy; Cloudian, a Japan/US-based cloud storage software provider; and cloud file service Fileforce, another Japan-based firm.

The remaining two regional deals were in CSDN, a community website and services platform based in China and technology peripherals company Lintes Technologies in Taiwan.

The deals were announced at Intel Capital Global Summit in California and are part of 16 new global investments, which all together totaled $65 million.

Intel has been active in India this year. In August, the firm invested $8.8 million in NxtGen Datacenter & Cloud Technologies, a Bangalore-based IT infrastructure services provider. In June, it invested in India-based health product distributor Bright Lifecare and consumer goods website Snapdeal.com.

Intel Capital has $2.18 billion in assets under management, according to PEI’s Research & Analytics division. It started investing in Asia Pacific in 1998 and has since put $2 billion into about 320 technology companies in the region, 60 of which have either gone public or have been acquired, according to the firm.