Intel Capital puts $62 million in 16 companies; to invest $355 million in 2014.

Intel Capital, the investment arm of chip maker Intel, recently said it has invested about $62 million in 16 technology companies working in areas like wearables, data analytics and Internet of Things (IoT).

Intel Capital invests in the technology continuum and everything in between, including silicon, smart devices, PCs, the cloud and data centres, Intel Capital President and Intel Executive Vice President Arvind Sodhani said.

'We are focused on helping innovative companies develop across this technology ecosystem, and we expect to invest a total of $355 million this year,' he added.

The firm has invested $62 million in 16 companies and the announcement was made at the 15th annual Intel Capital Global Summit.

ET