$100 million connected car fund created

Intel Capital has announced a US$100 million investment fund to help accelerate innovation and the adoption of new technology and services in the automotive industry, claiming it is the first global technology investment organisation headquartered in Silicon Valley to announce a dedicated focus on automotive technology innovation. The Intel Capital Connected Car Fund will be invested globally over the next four or five years in hardware, software and services companies developing technologies to promote
April 19, 2012 Read time: 3 mins
5065 Intel Capital has announced a US$100 million investment fund to help accelerate innovation and the adoption of new technology and services in the automotive industry, claiming it is the first global technology investment organisation headquartered in Silicon Valley to announce a dedicated focus on automotive technology innovation.

The Intel Capital Connected Car Fund will be invested globally over the next four or five years in hardware, software and services companies developing technologies to promote new, compelling in-vehicle applications and enable the seamless connection between vehicles and any connected device, including mobile devices and sensors.

"Technology has become an integral component of everyday life, with consumers demanding uninterrupted access to the Internet and the constant flow of information, news, entertainment, and social media," said Arvind Sodhani, president of Intel Capital and Intel executive vice president. "Automobiles must be able to provide these same consistent and engaging computing experiences, but in a safe manner. The Intel Capital Connected Car Fund will drive the development of technologies to enhance the in-vehicle experience of the future."

The announcement is part of Intel's ongoing work with automakers and in-vehicle infotainment suppliers to help integrate advanced technologies into cars. "The car is the ultimate mobile device," said Staci Palmer, general manager of Intel's Automotive Solutions Division. "By 2014, automobiles will be among the top three fastest-growing areas for connected devices and Internet content. Intel's experience in developing personal computing, software, security and cloud computing technologies will bring a new level of innovation to the car to enhance the driving experience for both drivers and passengers."

To help realise that vision, areas of investment for the Intel Capital Connected Car Fund will include technologies that advance the next generation of in-vehicle infotainment, advanced driver assistance systems and seamless mobile connectivity. This includes new in-vehicle applications and development tools, next-generation ADAS technologies and multimodal capabilities such as speech recognition, gesture recognition and eye tracking optimised for the connected car.

In addition to the Intel Capital Connected Car Fund, Intel Corporation president and CEO Paul Otellini also announced at an event in Karlsruhe, Germany, the opening of a new global automotive innovation and product development centre, an academic outreach programme focused on IVI and telematics, and expansion of Intel Labs Experience and Interaction Research in automotive.

For more information on companies in this article

Related Content

  • Trimble’s advanced Site Vision package being released
    December 11, 2018
    Trimble’s Site Vision package has been offered on limited release to a number of firms in EEP (early engagement program) format, to help develop the system. Scott Crozier is general manager of Trimble’s general construction division. He explained that Trimble is working with a number of selected customers at the leading edge of construction technology, so as to help refine the system for release in due course. These firms are encouraged to use the Site Vision package in parallel with existing systems. De
    Read More
  • FETC innovation from Highway Toll to ITS Taiwan smart city
    March 6, 2017
    FETC innovation from Highway Toll to ITS Taiwan smart city – a Global Road Achievement Award winner says IRF. The Far Eastern Electronic Toll Collection Company (FETC) has a bold vision for the future. FETC has achieved the most successful BOT project for ITS traf_ c management; it turns the traditional highway toll collection system into an integrated intelligent electronic toll collection (ETC) system for mobility management.
    Read More
  • It's all about profit, people and the planet
    February 18, 2025
    Sit in on our latest roundtable discussion on sustainability in the construction and aggregates industries, brought to you by Global Highways and Aggregates Business. AB editor Guy Woodford has been talking to two world-class experts: Jeremy Harsin from Cummins and Michael Gomes from Topcon. Make your planning, your workflows, your contract tenders, and your sites as sustainable as possible. “Sustainability is really about profit, people and the planet,” say our experts. “Being able to drive that is the work that matters.”
    Read More
  • Speed limiters will limit fatalities, says the TRL
    July 29, 2019
    The soon-to-be mandatory speed limiters on vehicles in the European Union will make all safety other features more efficient, according the UK-based Transport Research Laboratory. In March the European Parliament passed a law that safety features such as intelligent speed assistance and advanced emergency-braking system must be installed in new vehicles from May 2022. They form part of the EU’s new suite of safety measures. TRL, which provided input for the European Commission regarding the formulatio
    Read More

Highlighted Content