Intel Capital, Intel’s global investment organization, has announced plans to invest approximately US$20 million in six Indian companies as part of ongoing efforts to support Indian technology innovation and entrepreneurship.
Of the six companies, three investments – Saankhya Labs, Testing Czars, and FINO – have been completed. Intel Capital has signed investment agreements with three other companies, What’s on India, enStage and DURON Energy.
Saankhya Labs-Saankhya is developing a Universal Demodulator IC for Digital and Analog TV reception.
Testing Czars– provides a new generation software test products that automate testing of Web, mobile and client/server applications.
FINO-is a business and banking technology platform combined with an extensive services delivery channel.
What’s on India-is a premier TV guidance company working with all major TV networks and operators. The company’s vision is to enable TV content search, discovery and guidance across varied platforms and technologies.
enStage-is a payment solutions and processing provider for the global marketplace. The company’s technology enables customers to offer secure payments at the point of sale, on the Internet, or via mobile device or via interactive voice recognition.
DURON Energyis a manufacturer and distributor of affordable consumer solar power products designed for off-grid use in emerging markets.
Details of these six investments, including the amount to be invested in each company were not disclosed.
