Intel Capital said Wednesday that it s on track to invest more than $600 million in 2015.
The investment arm of the Santa Clara chip giant said it has invested $465 million in tech startups around the world, and expects to plunk down another $150 million before the year s end.
This is shaping up to be one of our strongest years in recent memory, said Arvind Sodhani, president of Intel Capital in a news release. He is also executive vice president of Intel.
The company said it will announce many of the new deals at the Intel Capital Global Summit Nov. 2-4.
So far this year, Intel Capital has made 45 new investments, 49 follow-on investments and has seen 15 companies in its portfolio achieve exits. Among them: Mirantis, in cloud computing; Skyport Systems, in cybersecurity; Rithmio, in wearable technology, and Peloton Technology, in connected vehicles. It has a total of 94 investments in 22 countries.
Sodhani will co-manage Intel Capital with incoming president Wendell Brooks until January, when Sodhani retires from Intel after 35 years with the company.
Photo: Intel headquarters (Mercury News, Len Lahman)
