As a part of its $355m investment in startups this year, Intel’s investment wing Intel Capital has invested $62m in 16 tech companies. This includes Ossia, the company behind the Cota remote wire-free charging technology.
The 16 startups which Intel Capital have invested in span different spheres of technologies, including AnDAPT, Avegant, Incoming Media, Thundersoft and Gigya .
Intel Capital president and Intel executive vice president Arvind Sodhani commented, "Intel Capital invests in the technology continuum that runs from wearables and the Internet of Things to big data analytics – and everything in between, including silicon, smart devices, PCs, the cloud and datacenters."
"We are focused on helping innovative companies develop across this technology ecosystem, and we expect to invest a total of $355 million this year." Ossia, the makers of Cota technology have joined Intel Capital to help advance the state of wearable technology and other IoT-related devices.
Cota is capable of charging multiple wireless devices simultaneously, using a single charging station. Charging is still provided even if the device is in state of motion within 30 feet.
Intel Capital Asia Managing Director for New Devices and Wearable Group Robert Rueckert said: "With the rise in wearables, IoT-related devices and a host of other gadgets being adopted across the globe, the time is now for a real remote power solution that is truly wire free, safe and efficient.
"Our stewardship with companies like Ossia demonstrates our continuing efforts to foster innovation and technical achievements in real wireless charging for the ever increasing wearables and consumer devices that make up the Internet of Things."
