Intel Capital invests $28m from China smart device fund

The investments are the first to be made from the $100 million fund which was set up earlier this year. The fund focuses on Chinese start-ups engaged in developing the smart device ecosystem, which includes tablets, smartphones, PCs, 2in1s, wearables and the Internet of Things (IoT).

The investees include: EyeSmart Technology, a developer of iris recognition technology for security applications; Shanghai Ailiao, which provides a mobile communication service for games and other applications; Shenzhen Fibocom, a provider of mobile internet communications and location-based services for vehicles; Guangdong Appscomm, a maker of smart wearables and applications; and LeWa Technology, which specializes in customized Android operating systems.

"Investments from the fund are earmarked to help drive smart device innovation in China and beyond," said Arvind Sodhani, executive vice president of Intel and president of Intel Capital. "These innovative companies will help lead to a new wave of product development in China in smart phones, tablets, wearables and the internet of things."

CSDIF is Intel Capital's third China fund. The other two are the $200 million Intel Capital Technology Fund and the $500 million Intel Capital Technology Fund II, which were established in 2005 and 2008, respectively.

Intel Capital has been investing in China since 1998 and has backed over 120 tech companies, investing about $700 million.

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• Topics
• Technology
• Greater China
• Early-stage
• Venture
• Technology
• TMT
• China
• Intel Capital
• Venture