Intel Capital backs Sanjet's wearable video technology
Intel Capital has committed an undisclosed sum to Sanjet Technology Corp, a Taiwan-based manufacturer of portable multi-purpose video cameras. The funding will be used to support the development of cameras that can be worn on the body or placed inside vehicles, providing information used in driver assistance and safety applications.
The investment came from the $100 million Intel Capital Connected Car Fund, which was set up in 2012 to help accelerate the adoption of new technology and services in the automotive industry. It has a particular focus on applications that enable seamless connection between vehicles and mobile devices and sensors.
"SanJet is well-placed to capitalize on the growing demand for video consumption in and around the vehicle with the technology advancements the company has made," said Sudheer Kuppam, Intel Capital's managing director for Asia Pacific, in a statement. "We are excited by their roadmap and the potential that they bring to high end smart monitoring devices."
In addition to manufacturing cameras, SanJet develops Wi-Fi communication and hands-free camera products, enabling users to capture, upload and apply video data via apps and cloud services. The company's R&D and operations center is in Taiwan while manufacturing takes place in Suzhou, China.
Intel Capital, the venture capital unit of chipmaker Intel, has invested over $260 million in more than 40 technology companies in Taiwan since 1999. Investments in the last 12 months include Waltop International and Lintes Technologies, while portfolio companies Aspeed Technology and FocalTech Corporation both went public on Taiwan bourses.
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