ArcSoft, the US-based software and application developer, secured $20m of funding from corporate venturing unit Intel Capital and Tudor Ventures, the venture capital division of investment firm Tudor Investments, on Monday. Tudor had previously exited most of its venture investments after the credit crunch struck in mid-2007. Mooly Eden, vice president of Intel’s PC Client Group, said: "Intel is interested in enabling compelling user experience that utilizes the capabilities of our leading microprocessors. ArcSoft’s suite of multimedia applications enables this on Intel platforms." Founded in 1994, ArcSoft develops multimedia technology and applications across desktop and online platforms, and works mainly with original equipment manufacturers, providing digital imaging and video technology. The funding will accelerate ArcSoft’s efforts, particularly in emerging platforms.
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ArcSoft pulls in $20m from Intel and Tudor
Sep 21, 2011 • Robert Lavine
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