Intel Capital invests in Happiest Minds

BANGALORE, INDIA: Intel Capital, Intel Corporation’s global investment and M&A organization, on Tuesday announced investments of $40 million in 10 Asian companies, including two from India, which reflects the rapid spread of technology innovation across the continent.

The investments, announced at the 12th annual Intel Capital Global Summit in Huntington Beach in California, include eight new investments in companies from China, India, Japan and South Korea, and two planned investments in companies from Taiwan.

“Technology adoption and innovation is an accelerating global phenomenon, and Asian entrepreneurs from both mature and emerging markets are on the cutting edge of this trend,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president.

“These 10 companies offer unique technology — from remote security solutions to interactive cloud-based services — that enhances productivity, security and the online experience for consumers and businesses around the world,” he said.

The investments cover a range of innovative technologies, including semiconductor design and manufacturing, green technology, software, security, social gaming and cloud-based services. Details of each investment, including the amount to be invested, were not disclosed.

The companies include Happiest Minds Technologies and TELiBrahma Convergent Communications from India; G-cluster Global Corp. and OneBe Inc. from Japan; Makepolo.com Co. and Miartech (Shanghai) Inc from China; Neosem Inc. from Korea; and Outblaze Venture Holdings Ltd. from Hong Kong, etc.