Intel Capital invests $28M in wearables, biometrics, Chinese Android and M2M firms
Intel Capital announced it has invested $28 million in Chinese biometrics, internet of things, wearables and in-game communications firms, along with the developer of a major Chinese Android fork, according to a report by Gigaom.
The investments in Appscomm, EyeSmart, LeWa OS, Gotye and Fibocom are part of a $100 million Intel Capital China Smart Device Innovation Fund, which Intel Capital established back in April.
As its third Chinese fund, Intel Capital has already invested more than $700 million in Chinese companies over the last 16 years, not including the $1.5 billion Intel investment it made in Spreadtrum Communications and RDA Microelectronics via a local holding company.
Appscomm manufactures handheld mobile communication products, smartphones, GPS security monitoring, wireless long-distance video monitor and health management.
It is the first company to publicly release a smartwatch with a Qualcomm Mirasol display.
EyeSmart provides iris recognition technology that can be incorporated into a range of devices including wearables, smart cars, and smartphones.
Developed by Lewa Technology, LeWa OS is the largest third-party OS provider in China and is customized for manufacturers of low-cost smartphones.
Rounding out its list of investments are Gotye, which provides cloud-based communications functionality for games and other apps, and Fibocom, which provides communications and geolocation modules for machine-to-machine applications.