US-based semiconductor company Intel’s corporate venturing unit has invested in mass notification company AtHoc. Intel Capital led the $5.6m round. AtHoc also announced Arthur Coviello had joined its board. AtHoc is also backed by venture firm Greylock Partners. Lisa Lambert, vice president at Intel Capital and managing director, Software and Services Sector, said: “With increasing numbers of IP enabled embedded devices that hold critical situational awareness data, organisations must be able to analyse and address anomalies in near real-time. AtHoc helps organisations become fully prepared to provide emergency mass communication to all of its constituents, allowing users to provide additional data and responders to remediate the issues at hand based on the information they receive. We have been following AtHoc’s progress for several years and welcome the opportunity to lend the support of Intel Capital to AtHoc’s continued growth and aggressive expansion plans.”
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Intel Capital in AtHoc move
Jun 26, 2012 • Toby Lewis
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