Intel invests $15 million in start ups

Chip manufacturer Intel has invested $US15 million in three start ups through the company’s own Invest in America tech fund.

The companies include caring.com, a site designed for assisting the elderly, real estate investment ratings aggregator SmartZip Analytics and infrastructure services company Virtustream.

“These three investments, ranging from IT infrastructure to digital health and the consumer internet, reflect the core emphasis Intel Capital places on cultivating the most promising areas of innovation to foster the development of the technologies of tomorrow,” Arvind Sodhani, president of Intel Capital and Intel executive vice president, said in a statement.

The company’s $200 million tech fund was founded in February, and is designed to help “growth-oriented” businesses helping recover the country’s economy from recession.

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