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Thursday, January 5, 2012

INTEL CAPITAL FILLS APPUP FUND WITH $100 MILLION

➤ Intel Capital announced it has created a $100 million Intel Capital AppUp Fund it will
use to invest in companies that develop applications and digital content for mobile and PC platforms for Intel’s AppUp mobile device app store. Intel is initially investing in Urban Airship (www.urbanairship.com), a mobile PaaS (platform- as-a-service) company, and 4tiitoo (www.4tiitoo.com) , a tablet developer and creator of WeTab OS. Arvind Sodhani, Intel Capital president and Intel executive vice president, stated, the fund will “help encourage the creation of companies interested in delivering or enabling applications that enhance and extend the online experience for the 15 billion devices expected to be connected by 2015.

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