Intel Capital will invest an undisclosed sum in Enjoyor Technology Group, an intelligence-focused technology company based in China’s Zhejiang province.
Founded in 1992, Enjoyor is an “integrated urban intelligence solutions provider” focused on technologies such as mobile computing, intelligent recognition technologies, city traffic intelligence and medical digitalisation.
The funding will be used to support Enjoyor’s research and development in traffic intelligence and digital healthcare.
Intel's Software & Services group has also signed a three-year business collaboration agreement with Enjoyor. Enjoyor said the collaboration will help it explore domestic and international markets, improving its go to market capability.
The investment was made from the $500 million Intel Capital China Technology Fund II, which was “established to foster local innovation and growth of high-tech companies in China”, said Cadol Cheung, managing director of Intel Capital Asia Pacific. The fund’s $200 million predecessor was launched in 2005.
In 2008, Intel made three investments in China. It backed Trony Solar Holdings, a thin film solar company; NP Holdings, an electricity streams producer; and in Viewhigh, a healthcare-focused software company.
Intel Capital and Enjoyor could not be reached for comment at press time.