Intel Digital Home Fund Invests In Four Companies
INTEL DEVELOPER FORUM, BARCELONA, Spain, April 21, 2004 - Intel Corporation today announced that its venture investing organization, Intel Capital, has made four new investments in companies developing innovative technologies for the digital home.
Speaking to technology industry engineers, developers and designers at the Intel Developer Forum (IDF), Intel Capital President John Miner disclosed that the $200 million Intel Digital Home Fund invested in Digital 5 Inc.; a provider of consumer electronics networking technology; Staccato Communications Inc., an ultra-wideband (UWB) wireless solutions developer; Trymedia Systems Inc., a secure distribution technology and services provider; and Wisair Ltd., a UWB wireless chipset and solutions company.
"The Intel Digital Home Fund investments we're announcing today support Intel's initiatives to enable people to enjoy digital content - including music, games, photos and video - on multiple devices in the home and beyond," said Miner. "These four companies' technologies help solve key interoperability, bandwidth and distribution issues.
"Intel Capital focuses on breaking down technology barriers and accelerating innovation by applying its investment, leadership and cross-industry collaboration capabilities to the greater solutions ecosystem," Miner added. "Solutions are built by weaving together innovations from many."
Intel Capital's top investment priorities for this year are related to communications infrastructure, the digital home, modular computing solutions for IT departments, and wireless mobility.
Through investments, technology development and cross-industry collaboration, Intel is driving efforts to eliminate the boundaries between electronic devices inside and outside the home and apply the performance, cost and integration benefits of Moore's Law to the world of consumer electronics.
Digital 5, based in Lawrenceville, N.J., provides networking technology to original equipment manufacturers and original design manufacturers to enable wireless and wired sharing of music and video content among networked consumer electronics devices. The company's innovative solution ensures low-cost and feature-rich product designs that translate quickly to the shipment of cutting-edge, high-volume consumer products. For more information about Digital 5, visit www.digital5.com.
Staccato Communications is a fabless semiconductor company based in San Diego, Calif., developing innovative UWB technology solutions. Industry veterans who have been developing UWB technology since 1996 founded the company in 2002. Staccato is leading the industry's development of the first all-CMOS, single-chip UWB silicon to enable low-cost, high data rate wireless connectivity for emerging wireless USB and wireless 1394 applications. For more information about Staccato Communications, please visit www.staccatocommunications.com.
Trymedia Systems' technologies and services are used by content developers and publishers to distribute PC games and other software in a consumer-friendly format. The San Francisco company, with an engineering team based in Spain, also operates the world's largest business-to-business marketplace for downloadable games and software, through which major portals and other high-traffic destinations make a catalog of Trymedia Systems' ActiveMARK-enabled games and software available to consumers around the world. For more information about Trymedia Systems, visit www.trymedia.com.
Wisair, based in Tel Aviv, Israel, develops solutions based on UWB technology for high performance wireless communication. The company's chipset enables the implementation of
low-cost, low-power and high bit-rate communication modules and system solutions for the fast emerging home and office connectivity market. Wisair recently announced the industry's first multi-band OFDM-compliant UWB radio frequency transceiver chip. For more information about Wisair, visit www.wisair.com.
Financial terms of the new investments were not disclosed.
Prior to launching the Intel Digital Home Fund in January, Intel Capital had invested in several digital home-related companies, including BridgeCo, Entropic Communications, Musicmatch Inc. and Zinio Systems Inc.
Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications. For more information, visit www.intel.com/capital.
The Intel Developer Forum is the technology industry's premier event for hardware and software developers. Held worldwide throughout the year, IDF brings together key industry players to discuss cutting-edge technology and products for PCs, servers, communications equipment, and handheld clients. For more information on IDF and Intel technology, visit http://developer.intel.com.
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