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  • otis_elevatus otis_elevatus Oct 29, 2013 12:46 PM Flag

    A vote of confidence by Intel in the cloud.

    "Intel Corp.'s venture capital arm said Tuesday (Oct. 22) it is investing $65 million in 16 startups, several of which are focused on the cloud, storage and high performance computing."

    * * *

    "The investments are also designed to bolster Intel's technological prowess in the datacenter sector, which has been a high-growth area for the world's biggest chip maker. In the third quarter, Intel's datacenter business posted a double digit increase in sales driven primarily by robust growth in cloud, high-performance computing, and storage. Cloud revenue was up 40 percent year-over-year, storage was up 20 percent and high performance computing was up 27 percent."

    Electronics360
    "Intel Invests $65 Million in 16 Startups"
    by Ismini Scouras
    23 October 2013

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