Multimedia software developer ArcSoft announced Monday that it has received a $20 million investment from Intel Capital, Intel’s global investment organization, and Tudor Ventures, a venture capital and private equity firm.
ArcSoft has been around since the mid-1990s, developing software for both Windows, Mac and mobile. If it involves digital media, ArcSoft probably has a hand in it: editing home movies, playing back DVDs, converting media, printing photos, composing panoramas and more.
The company currently offers a dozen suites and applications for multimedia viewing and editing on Windows, with four of the 12 (PhotoStudio 6, Print Creations, Panorama Maker 5 Pro and PhotoStudio Darkroom 2) also available for Mac.
With new funding from Intel and Tudor, ArcSoft plans to accelerate its development efforts. The investment is also strategic for Intel:
“The funding we’ve received from Intel Capital and Tudor will drive core technical advancements and develop innovative products for smart phones, tablets, PCs and other smart digital consumer electronics devices,” said Michael Deng, founder and CEO of ArcSoft. “By investing in ArcSoft, Intel Capital and Tudor have become strategically aligned with us to help develop and deploy next-generation imaging and multimedia solutions for both the after-market and OEM market segments.”
Intel regularly invests in ventures large and small through its VC arm, Intel Capital. This past February, for example, the firm invested $26 million in six different startups. And in May, the firm invested $24.5 million in four startups, with the majority going to social games developer CrowdStar. Also last spring, Intel Capital led a $30 million round in education software company Kno.