Intel Capital, Intel’s global investment organization, has launched a $300m fund dedicated to backing companies developing Ultrabook systems.
The Intel Capital Ultrabook Fund will invest in companies that build hardware and software technologies focused on enhancing how people interact with Ultrabooks, achieving all-day usage through longer battery life, enabling innovative physical designs and improved storage capacity for this new category of mobile devices.
The amount of the vehicle is expected to be invested over the next 3-4 years.
Intel intends to accelerate the introduction of a new class of mobile computers (The Ultrabook™), which will “marry the performance and capabilities of laptops with tablet-like features and deliver a highly responsive and secure experience, in a thin, light and elegant design“.
Led by Arvind Sodhani, Intel Capital currently manages a number of dedicated funds that drive innovations in specific geographies and technology areas. Country-specific funds include the India Technology Fund, China Technology Fund II, Brazil Technology Fund and Middle East and Turkey Fund.