Intel Capital president Arvind Sodhani said, “Technology has become an integral component of everyday life, with consumers demanding uninterrupted access to the Internet and the constant flow of information, news, entertainment, and social media.
“Automobiles must be able to provide these same consistent and engaging computing experiences, but in a safe manner.
“The Intel Capital Connected Car Fund will drive the development of technologies to enhance the in-vehicle experience of the future.”
Intel said it hopes cars will ultimately have the intelligence and context awareness to offer drivers and passengers information and entertainment while keeping them safe, and communicate with the Cloud, transportation network and other vehicles.
Its private equity arm invests in start-up technology companies across sectors including mobility, health, consumer internet and digital media, as well as its more traditional semiconductor interests.
The firm has invested more than $10.5bn in 1,218 companies across over 50 countries since it was launched in 1991.