Intel Capital invests $28M in wearables, biometrics, Chinese Android and M2M firms

October 23, 2014 - 

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.

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About Stephen Mayhew

Stephen Mayhew is the publisher and co-founder of Biometrics Research Group, Inc.. His experience includes a mix of entrepreneurship, brand development and publishing. Stephen attended Carleton University and lives in Toronto, Canada. Connect with Stephen on LinkindIn.