Intel Capital, the investment arm of chip maker Intel Corp., has struck four deals across a few industries that total up to a $24.5 million deployment. News of the deals came at a briefing in New York Monday where Intel Capital President Arvind Sodhani told attendees the latest venture investments bring to $10 billion the total amount of capital deployed on incubator investments by the tech titan.
Intel didn’t specify who got what from its VC arm, but the proud recipients of new funding include:
iStreamPlanet, which develops and operates live and on-demand content creation, including concerts and sporting events, netted $7 million out of a planned $11 million Series A round that Intel Capital has led. Already, iStreamPlanet has worked with professional golf, football and tennis organizations to manage digital events coverage, and the company, led by former international pro basketball vet Mio Babic, aims to further its web of live events coverage, particularly in pro sports.
PerspecSys landed $8 million in a Series A that was led by Intel and included investors Growthworks and MaRS Investment Accelerator Fund. The company provides technology to cloud data platforms that enhances security.
Music Mastermind, an entertainment and tech company based in California, raised $10.8 million in a Series B round Intel led, which included Liberty Global as well. Intel Capital Managing Director Dave Flanagan worked on the deal.
CrowdStar, a developer of social games, which has boosted its community to 31 million monthly active users, rounded out the pack. CrowdStar distributes through Facebook, and makes games including “Happy Pets, “Happy Aquarium,” and “Happy Island.” CrowdStar is probably a very happy startup, right about now; according to Intel Capital’s statement the company will use funds for hires and “new talent.”
(Update: CrowdStar said in a press release that it had raised $23 million in a round co-led by Intel Capital and Time Warner Investments, with participation from China’s The9 and NVInvestments.
The company, founded in 2008 and incubated by YouWeb, “plans to add about a hundred employees particularly game developers, server developers, artists, producers, business analysts and content managers,” it said in the release.)