Intel Capital Launches $100M Fund dedicated to Automotive Technology Innovation
Intel Capital, the Intel (NASDAQ: INTC) global technology investment organization, has launched a $100m investment fund dedicated to automotive technology innovation.
The Intel Capital Connected Car Fund will focus on helping accelerate innovation and adoption of new technology and services in the automotive industry. The vehicle will be invested globally over the next 4 to 5 years in hardware, software and services companies developing technologies to promote new in-vehicle infotainment applications, advanced driver assistance systems (speech recognition, gesture recognition and eye tracking) and mobile connectivity.
The announcement is part of Intel’s ongoing work with automakers and in-vehicle infotainment suppliers to help integrate advanced technologies into cars.