Intel Capital Creates a $100M "Connected Car" Fund
March 1, 2012 10:44 AM
comment(s) - last by
Intel also sets up new automotive research center
The automotive world is rapidly integrating advanced technology. While a lot of new technology is being devoted to produce more fuel-efficient internal combustion engines, hybrid systems, and
fully electric vehicles
, technology is also being used for internet connectivity and infotainment while driving.
Intel is now set to make a significant investment into the future of automotive technology with Intel Capital creating a $100 million Intel Capital Connected Car Fund.
The goal of the fund is to accelerate the innovation of technology in the automotive industry. The fund will be targeted at technologies that deliver improvements in
vehicle infotainment solutions
, mobile connectivity, driver assistance systems, and new applications. Many carmakers are betting big on technology to be able to add interactivity to vehicles without distracting the driver.
"Technology has become an integral component of everyday life, with consumers demanding uninterrupted access to the Internet and the constant flow of information, news, entertainment, and social media," said Arvind Sodhani, president of Intel Capital and Intel executive vice president. "Automobiles must be able to provide these same consistent and engaging computing experiences, but in a safe manner. The Intel Capital Connected Car Fund will drive the development of technologies to enhance the in-vehicle experience of the future."
The $100 million the fund will be invested globally over the next 4 to 5 years with funds going to hardware, software, and service companies that are developing technologies for vehicles. Along with the new capital fund, Intel is also setting up a new Automotive Innovation and Product Development Center, which is an expansion of Intel Labs Interaction and Experience Research.
"In today's mobile world, personal computing touches every part of consumers' daily lives while at home, at the office and on the road," said Intel President and CEO Paul Otellini. "By broadening our research efforts, academic and capital investments and opening the Automotive Innovation and Product Development Center, Intel is deepening its understanding of how people interact with their cars and how Intel innovations can enhance the automotive experience."
The new Automotive Innovation and Product Development Center, which is located in Karlsruhe, Germany, will be Intel's global center for developing in vehicle infotainment, telematics solutions, and for connected vehicles. Intel also says the facility has state-of-the-art instrumentation, and the antennas needed to provide TV, digital video, and GPS signals for testing.
This article is over a month old, voting and posting comments is disabled
That's not enough bribe money from Intel
3/1/2012 12:52:25 PM
They need to add a few more zeros on to get car makers onboard to use Intel products. Ask Microsucks how much $$$ it takes.
RE: That's not enough bribe money from Intel
3/1/2012 2:35:20 PM
Why bother when you can just get Congress to introduce legislation to mandate your product in all auto just like the recent back-up camera debacle?
$100mil should do nicely for someone's reelection campaign.
"I'd be pissed too, but you didn't have to go all Minority Report on his ass!" -- Jon Stewart on police raiding Gizmodo editor Jason Chen's home
Envia Creates $125 Per Kilowatt-Hour EV Battery, Could Usher in More Affordable EVs
February 29, 2012, 1:02 PM
MyFord Touch Infotainment System to Get Major Facelift Next Year
November 7, 2011, 10:40 AM
2017 Porsche Panamera: I’ll Take Three of These.
July 24, 2016, 6:44 PM
Ford, Toyota, and Universal Pictures Celebrate "Back to the Future Day' in Style
October 21, 2015, 4:19 PM
Consumer Reports Flexes Muscle, Hits Slumping Tesla Motors Stock
October 20, 2015, 4:13 PM
Debunked: Beneath the Lies, Nigerian "Pee Generator" Is Still Pissing Into the Wind
October 19, 2015, 7:53 PM
Hot Air? President Obama, G7 Pledge to Eliminate Most Fossil Fuel Use by 2100
June 8, 2015, 5:40 PM
Study Predicts Self-Driving Vehicles Could Rake in Billions
March 6, 2015, 8:34 AM
Most Popular Articles
Say Goodbye to Data Plans - Sprint and T-Mobile offer Unlimited Data
August 22, 2016, 6:12 AM
Lenovo vs. Asus vs. HP - Best Laptop Under $500.00
August 19, 2016, 4:00 AM
Get Ready to wait in line – iPhone 7 due September.
August 18, 2016, 7:15 AM
5 Healthy and Creative ways to add Fiber to your Diet By Monique C. Bethell, Ph.D.
August 18, 2016, 7:43 AM
Uber - Everyone's Autonomous Car Driver?
August 20, 2016, 6:01 AM
Latest Blog Posts
SolarCity’s Gigafactory: A Milesone in Emerging Technology by Lily Emamian - 15 August 2016
Aug 15, 2016, 6:30 AM
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information