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Intel Invests in Israeli Start-Up InfoCyclone

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  • Islamic News and Information Network
    Assalamu alaikum Intel Invests in Israeli Start-Up InfoCyclone
    Message 1 of 1 , Apr 30, 2001
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      Assalamu'alaikum


      Intel Invests in Israeli Start-Up InfoCyclone

      http://www.iwon.com/home/technology/tech_article/0,2109,121779|technology|04-30-2001::14:24|reuters,00.html

      April 30, 2001 2:20 pm EST

      TEL AVIV (Reuters) - InfoCyclone, an Israeli maker of application-driven
      storage systems, said on Monday it has received an investment from Intel
      Capital, part of Intel Corp (INTC.O). Tel Aviv-based InfoCyclone did not
      disclose the size of the funding. The investment follows a $2.5 million
      seed investment by Israeli venture capital funds Gemini and Star Ventures.

      InfoCyclone's president and chief executive Ran Giladi said Intel's
      financing will be used to support the company's business objectives and
      product development.

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