Intel, on Wednesday, announced that it had invested $65 million in 16 technology firms across nine countries, including two companies in India.
Intel Capital, which is the chip maker’s global investment and M&A (merger and acquisition) arm, has invested in firms that are working on innovations in the domain of cloud, data centre, mobile technologies and consumer services.
From India, Perpetuuiti Technosoft and Savaari Car Rentals have received funding from Intel Capital, Intel said in a statement.
While Perpetuuiti Technosoft offers real-time visibility and availability management of business continuity planning /disaster recovery infrastructure, Savaari Car Rentals is an online car rental firm, which, through technology, aims to organise the largely unorganised car rental market.
Intel Capital made its first investment in India in 1998, and has invested over $330 million in over 90 technology companies across 10 cities till date.
Since 1991, Intel Capital has invested more than $11 billion in over 1,322 companies in 54 countries.
