Intel had set up a $250 million Intel Capital
Technology Fund in December 2005. The investment
in Real Image is made through this fund.
"This latest investment, together with
earlier announced funding in Maya Entertainment,
Mauj, Mobiapps Holdings and Persistent Systems,
aims at driving Indian innovation in wireless
connectivity, digital media content and
consumer internet," Intel says in an
Real Media is targeting installation of
its digital systems in theatres overseas.
Besides, the company is eyeing digital theatres
in India. Real image has solutions which
can adopt to any format including MPEG-2,
JPEC-2000 and Windows Media Player 9 series.
The company offers Qube Cinema, a digital
cinema solution. QMedia is an out-of-home
digital advertising solutions for products
to exploit and reach out to their target
audience while QJam networked digital jukeboxes
is used in movie theatres as QCine digital
cinema advertising solutions and in shopping
malls as QSign digital signage solutions.
Intel's latest deal was announced in the
7th Intel Capital CEO summit currently underway
in Mumbai. Intel Capital made its first
strategic investment in India in 1998 and
since then has invested in more than 40
companies across seven cities in India.
"This latest investment underscores
Intel Capital's commitment to fostering
technology innovation and growth in India."
says Intel Capital president Arvind Sodhani.
"Intel Capital has announced investment
funds in India and other locations around
the world and we will continue to work proactively
with portfolio companies to make them more