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Intel invests $15 million in three startups

Intel Capital invests in Caring.com, SmartZip Analytics and Virtustream

Financial trends and news by Chris Caceres
May 3, 2010
Short URL: http://vator.tv/n/f68

Intel Capital announced on Monday it's invested $15 million into three startups.  The deals include Caring.com, SmartZip Analytics and Virtustream.  No further details on exactly how much each company received were shared by Intel. 

Caring.com, based out of San Mateo, Ca., is an online destination focused on eldercare services.  The site aims to help people find advice from experts, and provide a comprehensive directory of eldercare services. It's seeing 1 million unique visitors per month.  Caring.com said it would use the funds to, support the company‚Äôs continued expansion, including further development of the Caring.com site, its local eldercare services directory and new marketing programs.

SmartZip Analytics, based out of Pleasanton, Ca., places itself in the real estate analytics space.  The site offers independent investment ratings and analysis on around 70 million U.S. residential properties.  Homebuyers, investors and real estate professionals are its userbase.  The startup said it would use the funds to expand availability of its investment ratings and reports nationwide.  

Virtustream, based out of Washington, D.C., said it is an infrastructure services firm committed to helping clients fully actualize the enterprise cloud by providing strategy, integration and managed services utilizing virtualization technologies, and xStream, the company's secure cloud platform.  It will use the funds to continue development of its infrastructure and expand its xStream cloud computing platform.

These aren't the only companies Intel has recently invested in.  The company also invested in educational gaming company Tabula Digita, Carrier Ethernet solutions provider Overture Networks and advertising technology company BlackArrow.

It all comes from the $200 million Intel Capital Invest in America Technology Fund, which was announced back in February.