Intel Capital Invests in SanJet
TAIPEI, TAIWAN, Intel Capital has invested in SanJet, a company making digital cameras and image recorders.
Intel Capital, Intel Corporation's global investment and M&A organization, has announced an investment in SanJet Technology Corp. ('SanJet'), a leading digital image solution provider in greater China.
The investment was made with funding from the $100 million Intel Capital Connected Car Fund and will support the development of SanJet's next generation applications for wearable and vehicle devices including full HD video, wide angle views and wireless features.
'SanJet is well-placed to capitalize on the growing demand for video consumption in and around the vehicle with the technology advancements the company has made,' said Sudheer Kuppam, Managing Director, Asia Pacific region, Intel Capital. 'We are excited by their roadmap and the potential that they bring to high end smart monitoring devices.'
SanJet designs and manufactures a range of portable digital video recorders including dashboard DVRs (digital video recorders), action cameras, IP cameras, and wearable cameras. The company also develops Wi-Fi communication, wide-angle with high resolution, witness and hands-free camera products. The company's suite of high-end camera solutions enables users to capture all their key moments and to upload, manage, and apply video data via apps and cloud services.
'The intersection of wearable, wireless and social technologies is creating real momentum for the portable digital capture device industry,' said Steve Liao, SanJet's chairman and chief executive officer. 'SanJet has an industry-leading proposition in high end portable digital video recorders given our product range and patent portfolio, together with our vertically integrated design-to-manufacturing capabilities. We have a proven engineering team and a strong base of tier one customers. This funding from Intel Capital will provide us with the resources to build on our record and bring forward new features and next generation applications.'
The SanJet investment completes a successful 2013 for Intel Capital in Taiwan, where it has invested over US$260 million in more than 40 technology companies since 1999. In addition to SanJet, Intel Capital's Taiwan investments this year included Waltop International Corp., a leader in electromagnetic-based pen input design and manufacturing, and Lintes Technologies, a provider of high speed connectivity products. Two Intel Capital portfolio companies completed IPOs in Taiwan in 2013 including ASPEED Technology Inc., which listed on Taiwan's GreTai Securities Market, and FocalTech Corporation, Ltd., which went public on the Taiwan Stock Exchange.
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