Wave that flag! Intel invests $30 million in 4 U.S. startups
Chip maker's Invest in America Technology Fund targets promising companies at home
Four U.S.-based software and chip companies have received more than $30 million from Intel's Capital Invest in America Technology Fund.
GigaOM reports that the latest beneficiaries of the chip maker's patriotic fund are Adaptive Computing, Ciranova, Joyent and Nexant. Intel announced the $200 million investment program in February.
Here's a quick thumbnail of each of the recipients, based on information from their respective websites:
Nexant, founded in 2000 and based in San Francisco, provides "intelligent grid software and clean energy solutions—pioneering, developing, and advancing electric power grid and alternative energy technologies and services." Nexant says it has clients in more than 100 countries, including "Fortune 500 companies, utilities, transmission and distribution system operators, petroleum and chemical majors, financial institutions, government agencies, and development banks."
Adaptive Computing provides "intelligent automation software for data center, cloud, and high-performance computing environments." The company says its software "allows customers to consolidate and virtualize resources, allocate and manage applications, optimize service levels, and reduce operational costs." Customers include Yahoo, IBM, Boeing and ExxonMobil. Adaptive was founded in 2001 and is headquartered in Provo, Utah.
Ciranova, based in Santa Clara, Calif., makes software that allows engineers to design wireless capabilities into chips for consumer devices using mobile Internet and broadband.
Joyent is a cloud computing service provider based in San Francisco. Founded in 2004, the company runs four data centers in the U.S. and another in China and has operations in Europe, the Middle East and Africa. Its most well-known customer is online business networking company LinkedIn.