Intel Capital, global investment and M&A organization of Intel Corp., announced the Intel Capital AppUp Fund, which contains $100 million that will be invested in companies creating software tools and services based on Intel architecture. According to paidConent, Intel plans to invest in multiple technologies, but highlights HTML5, digital media, context-aware computing, and infrastructure apps as key areas of focus.
The fund's initial investments in 12 companies, including Urban Airship and 4tiitoo AG, total $45 million. Urban Airship is a mobile platform-as-a-service company, while 4tiitoo is a German operating system vendor and tablet developer. Since Intel technology is largely absent from major mobile devices on the market today, the fund may help boost Intel's presence in mobile by fostering the growth of apps and content designed around Intel architecture.