Intel’s venture capital arm Intel Capital has unveiled a $100m fund, which will invest in smart devices businesses in China.
Intel Capital China Smart Device Innovation Fund will invest in companies that are focused on smart devices, including tablets, smart phones, PCs, 2in1s, wearables, the internet of things and other related technologies.
This is Intel Capital’s third vehicle focused on China. The firm is currently deploying its Capital China Technology Fund II, which is focused on data center and cloud infrastructure, big data and analytics, software and services and manufacturing companies.
Since 1998 Intel has invested more than $670m in Chinese technology companies.
Intel Capital president Arvind Sodhani said, “Innovation in smart devices and the Internet of Things is heralding the evolution of a new ecosystem for computing technologies.
“We are investing to accelerate this exciting new ecosystem, extending from new smart devices and sensors to networks to base stations to servers to big data analytics.”
Intel’s recent deals include an investment in social media experience manager Sprinklr as part of the company’s Series D round.
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