Intel Capital, the venture capital arm of Intel (Nasdaq: INTC), has added four managing directors.
The appointments include:
– Ameet Bhansali (for New Technologies, which will include AR/VR, wearables, robotics and drones);
– Anthony Lin (for the Greater Asia region);
– Trina Van Pelt (for the Internet of Things); and
– Bob Nunn (leading M&A and business development on the datacenter, cloud computing and big data sector) while Bryan Wolf continues to head equity investments in the sector.
In addition, other new or expanded assignments, were announced including:
– Marcin Hejka will head activity for Greater Europe and India.
– Ken Elefant has added software to his portfolio while continuing to lead our security group.
– Ramamurthy Sivakumar will lead Intel Capital’s new focus on industry verticals, which will include areas such as sports, healthcare and other investments that span multiple Intel business units.
– Dave Flanagan will continue to be responsible for Mobile Client & Communications, while Keith Larson continues to lead manufacturing, memory and FPGAs.
These changes are part of a new team structure rethink recently announced by President Wendell Brooks that aims to streamline the firm’s investment process, give backed startups more exposure to Intel’s business units, and services the portfolio in more valuable ways long after it makes the investment. This new structure gives managing directors increased tasks and responsibilities so their teams can engage with startups and portfolio companies in a broader range of ways.
Founded in 1991, Intel Capital invests in a broad range of companies offering hardware, software, and services targeting computing and smart devices, cloud, datacenter, security, the Internet of Things, wearable and robotic technologies and semiconductor manufacturing. To date, the firm has invested more than US$11.6 billion in 1,440 companies in 57 countries. 212 portfolio companies have gone public on various exchanges around the world, and 381 were acquired or participated in a merger.