Posts Tagged ‘Intel Capital’

Open Cloud Research Center at Stanford

Thursday, January 27th, 2011

Intel Labs announced a $100 million cash investment to develop and open several branded “Intel Science and Technology Centers” in U.S. university research.  Intel plans to disperse this money over the next 5 years into several Universities.

The first University to get funding to help cloud server research will be Stanford University.  It will focus on creating innovations around the cloud. Researchers at Stanford will collaborate with a community of researchers from seven other universities and Intel’s Core processor with combined visual and 3-D graphics will “be a key R&D platform” for researchers. Other focus areas of Intel Research Centers will include visual computing, mobility, security and embedded solutions.

This is a wise move by Intel to get younger people involved in the cloud hosting world and coming up with new and innovative ways that we can save money as well as the planet around us.  Cloud research centers like this will determine the future if you ask me.  It’s forward companies like Intel that will lead the way in new innovations in the cloud.

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$40 million investment round in Virtustream’s cloud service

Wednesday, May 5th, 2010

Intel Capital along with other VC’s have invested $40 million into Virtustream.  Virtustream is a data center co-location and services company that recently launched cloud computing services into their main business.

Virtustream is undergoing a large expansion with the purchase of two data centers in California and Virginia, and the release of xStream, a cloud computing platform aimed at midsize enterprises.

According to Business Week “The funding will help further develop Virtustream’s infrastructure and expand the xStream cloud platform.xStream provides I/O, CPU, RAM, disk and network resources, giving enterprises access through a self-service management portal, which lets customers manage both internal and external computing resources from the same screen. XStream capacity can be purchased as either dedicated or shared physical resources, and as either a managed or unmanaged service.”

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