San Diego’s Ortiva Wireless said today it has raised $8 million in a Series C round led by Intel Capital, which was joined by existing investors Comcast Interactive Capital, Artiman Ventures, and Mission Ventures of San Diego. Ortiva, which has developed technology to optimize video on wireless networks, says it plans to use the funds to expand sales, marketing, and engineering resources.
In a separate announcement released today at the 11th annual Intel Capital CEO Summit in Huntington Beach, CA, Intel Capital said its investment in Ortiva was one of 18 recent investments totaling approximately $77 million. Intel Capital says 10 of the 18 deals were in technology companies outside the United States—Brazil, China, Germany, India, Israel, Malaysia, the Netherlands, Russia, Taiwan, and the Ukraine.
Intel Capital says it made the investments based on Intel’s strategic goals to foster innovation in core PC and server market segments, including cloud computing, mobility solutions and access to broadband wireless. Intel says it’s also making investments to encourage advancements in adjacent technologies, including smart TVs, tablets computers, and smartphones.
In its statement, Intel Capital says 2010 has been an “excellent” year for Intel Capital’s portfolio companies, with 28 companies exiting this year through either an IPO or acquisition. More than 700 people attended the Intel Capital CEO Summit today.
Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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