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7 Asian startups get a boost with new Intel Capital funding

Steven Millward

This morning, Intel Capital – the VC arm of chipmaker giant Intel – revealed that it has ploughed funding into seven Asian startups. It’s part of a raft of new investments into 16 companies that Intel’s (INTC) VC arm is revealing today, worth a total of $65 million.

The Asian recipients of a bag of cash (it’s not specified how much exactly) are:

CSDN (China)

CSDN is China’s largest community website and services platform for IT professionals with over 27 million registered users. You might remember this site from its embarrassing hack attack in 2011 that revealed a lot of users’ personal details. CSDN said earlier this year that it was looking for a big financing round, but it’s not clear if Intel Capital provided all it was looking for ahead of a possible IPO a couple of years down the road.

Lintes (Taiwan)

This makes web connectivity related products, such as Thunderbolt peripherals. Remember that Thunderbolt – a fast alternative to USB 3 – was developed by Intel.

Perpetuuiti (Singapore/India)

Perpetuuiti is a disaster recovery platform for businesses and their data.

Savaari (India)

7 Asian startups get a boost with new Intel Capital funding
7 Asian startups get a boost with new Intel Capital funding

The most left-field of the bunch is Savaari, a Uber-esque online car hire company with a presence across 60 cities in India. As with Uber, you get a driver, so you sit in the back. Uber launched in Bangalore this summer, but there’s still plenty of space for Savaari to drive, aiming at a slightly more price-conscious market.

CloudFX (Singapore)

A cloud strategy consulting service.

Cloudian (Japan/USA)

This a cloud storage software provider.

Fileforce (Japan)

Fileforce – I’m glad they avoided sticking ‘cloud’ in the name – is a scalable cloud file service for businesses.

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Looking at the broader Asia-Pacific area, two of the 16 funded startups are from Israel: Reduxio Systems and Rocketick.

For more info on those companies, check out the Intel Capital page.

(Editing by Paul Bischoff)


The post 7 Asian startups get a boost with new Intel Capital funding appeared first on Tech in Asia.