Tuesday, May 24, 2011

Intel Capital Backs Four Startups

Intel Capital said Monday that it has backed four startup with funding. The firm said the total investments totaled approximately $24.5M. The four firms were CrowdStar, a social games maker for Facebook and mobile phones; iStreamPlanet, a provider of tools to manage live web broadcasts; Music Mastermind, a provider of music entertainment software; and PerspecSys, a cloud data security firm. Individual amount of investment in those firms was not disclosed. Intel Capital said it has now invested over $10 billion since inception.