In the world of venture capital, many investors often forget to consider that public companies invest capital directly into private companies. One such large venture capital investor has been Intel Corp. (NASDAQ: INTC). The processor and chip giant has invested in many startups, and now we have an official announcement from Intel Capital that it has invested some $67 million into eight companies in China.

This latest announcement shows that its capital was deployed into smart devices, robotics, the Internet of Things, the cloud, big data and data analytics. The companies were 99cloud, Bluebank, Hampoo, Ninebot, Nuovo Film, PraFly and AWcloud, which was previously announced with no financial details. Intel Capital also signed an investment agreement with Telink.

The companies covering this announcement that have or will soon receive the funds are as follows:

• 99cloud: OpenStack-based solutions and OpenStack operation support and professional education and certification
• Bluebank Communication Technology: a top ODM in mobile devices in China, developing smart devices and software applications
• Shenzhen Hampoo Science & Technology: PCB design, PCB production, PCBA and component sourcing; used by over 3,000 customers from over 30 countries
• Ninebot: R&D, production, sales and services of intelligent, short-distance personal transportation equipment, including unicycles, two-wheel self-balancing vehicles and other smart personal transportation robotics products
• Nuovo Film: transparent conductive silver nanowire film and its applications in Capacitive Touch and 3D Force Touch
• Shenzhen PraFly Technology: intelligent robotic system solutions and high-end control system solutions focusing on core intelligent system technologies, robotic applications, network maintenance and security
• AWcloud Technology: enterprise OpenStack Cloud solutions
• Telink Semiconductor: fabless IC design company, for low power radio-frequency and mixed signal system chips for Internet of Things applications

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Intel’s official quote was combined for simplicity. The company said:

In celebration of 30 years of Intel in China, we are pleased to announce Intel Capital’s investments in these eight Chinese technology companies. Intel Capital plays a key role in Intel’s engagement and collaboration with local Chinese startups and entrepreneurs and has helped usher in the development of leading edge technologies and products. These companies now have the opportunity to leverage Intel Capital’s business development programs, global network, technology expertise and brand capital to support their development and drive innovation across exciting next-generation technology categories.

Intel has a well-established track record working with China on the development of its technology industry over the past 30 years, during which time the country has transformed itself into a leader of global technology innovation. Our investments, new products and collaborations in China support the government’s national initiative to uplift its innovation economy and continue Intel’s long-term commitment to accelerating CTE development in China and driving global innovation and entrepreneurship.

Since the inception in 1998, Intel Capital has committed over $1.9 billion to over 140 technology companies in China. Intel said that 35 of them have either gone public or have been acquired. Intel Capital also said that it has established four China-focused investment funds.

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