Intel Capital grows commitment to cleantech with five new investments
Intel Capital is no stranger to the clean technology space, but today, it took its participation to the next level with five investments in green companies, amounting to $10 million in all. In the mix, it brought one new portfolio company, demand response firm CPower, into its fold.
While Intel declined to say how much it was giving each startup, it said it was providing follow-on investments to Irish company Powervation, and U.S.-based Convey Computer, Grid Net and iControl. VentureBeat reported on iControl’s fresh $23 million round of funding last week. Intel’s contribution is an extension to that round. The company makes home security and energy control systems that are sold and installed by home protection companies such as ADT Security Services.
How awesome is this? All credit goes to MeetTheBoss for creating this visualization (better quality image available when you click through), but it was too good not to share it with you.
We’re fans of This Week in Tech here at MashableMashable. The long-running weekly podcast features tech personality Leo Laporte and others as they discuss the biggest news of the week in the technology space…
It’s no surprise that Intel is appealing the over €1 billion antitrust fine from the European Commission. One of the grounds for appeal is a bit unusual, however.
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