$300 Mill for Ultrabook
By Asha

Intel Capital today announced a $300 million Ultrabook Fund to help drive innovation in this new category of devices. Ultrabook systems will marry the performance and capabilities of today’s laptops with tablet-like features. Ultrabook devices will deliver a highly responsive and secure experience in a thin, light and elegant design at mainstream prices.
 
To help realize that vision, the Intel Capital Ultrabook Fund aims to invest in companies building hardware and software technologies focused on enhancing how people interact with Ultrabooks, achieving all-day usage through longer battery life, enabling innovative physical designs and improved storage capacity. The overall goal of the fund, which will be invested over the next 3-4 years, is to create a cycle of innovation and system capabilities for this new and growing category of mobile devices.
 
“Ultrabook devices are poised to be an important area for innovation in the $261 billion global computer industry1,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president. “The Intel Capital Ultrabook fund will focus on investing in companies building technologies that will help revolutionize the computing experience and morph today’s mobile computers into the next ‘must have’ device.”