Intel Capital has doled out nearly a half billion dollars to startups this year
Intel Capital, the global investment arm of the chip maker, reaffirmed its goal to invest more that $500 million in tech startups by the end of 2015.
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The venture capital group provided a status update at the Intel Capital Global Summit in San Diego on Tuesday while boasting 10 new investments, cumulatively worth more than $22 million.
The latest round of investments pegs Intel Capital's investment total this year at $490 million to date and counting.
The global organization, which also oversees a number of mergers and acquisitions, doled out roughly $359 million over the entire course of 2014.
The 10 additions to Intel Capital's portfolio hail from five countries: the United States, the United Kingdom, China, Taiwan and Israel.
Intel did not explicitly express or outline a theme to its investment strategy, although many of the budding companies develop hardware and networking solutions tapping into connected devices and sensors, collectively known as the Internet of Things.
Among them are New York-based Body Labs, which has crafted a digital platform analyzing data related to body poses and motions that could influence how consumer products are designed and sold, and Microprogram Information, an Internet of Things-billed service provider in Taiwan producing turnkey hardware and software for managing back-end infrastructures wirelessly connecting with rental bicycles, taxis and mobile Point-of-Sale (POS) solutions.
develops imaging and video technologies for artificial intelligence, machine vision, 3-D reconstruction and virtual reality.
Some of Intel's top brass -- including CEO Brian Krzanich and Intel data center vice president Diane Bryant -- are simultaneously unveiling new findings about the Internet of Things movement at an event in San Francisco on Tuesday as well.