Intel to invest heavily in software that enhances cloud-computing

Intel’s venture arm is expected to announce on Monday that it will put $100 million toward software that is used in cloud computing, an increasingly popular method for making bigger and more efficient computing systems.

Intel will lead a $75 million equity investment in Mirantis, a little-known startup specialising in open-source cloud software, and will spend another $25 million on bolstering its own resources for working with Mirantis-type products, according to several people familiar with the deal. They declined to be identified in order to maintain relations with Intel and other companies.

Intel was part of a $10 million investment round in the company in 2013 and last year joined another group of Mirantis investors.

Many longtime Intel partners like Hewlett-Packard, Dell and IBM also make this kind of software, called Open-Stack. Not long ago, the chip king would have been happy to lean on their work.

 

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Intel to invest heavily in software that enhances cloud-computing capabilities – The Economic Times.