Intel Capital Leads $10.5M Investment Round for Altia Systems
SANTA CLARA, Calif., April 8, 2014 – Series B Funding to Help Altia Systems Expand Customer Base, Accelerate Roadmap. Intel Capital today announced it led a $10.5 million Series B round for Altia Systems, developer of the award-winning PanaCast system for video and web collaboration. Altia Systems developed the PanaCast Experience – which consists of the PanaCast camera, cloud and apps – as an immersive, panoramic HD video and HD audio web collaboration system for today’s anytime, anywhere world of smartphones, tablets and personal computers.
“Altia Systems is transforming the collaboration experience by taking advantage of the PCs, tablets and smartphones already in use around the world,” said Arvind Sodhani, president of Intel Capital and executive vice president of Intel. “Altia Systems is breaking new ground by bringing panoramic camera technology to the field of web conferencing, enhancing the experience with sophisticated pan and zoom capabilities at a very affordable cost. We look forward to working with them to ensure a consistently high quality experience across all devices.”
The PanaCast camera works with leading collaboration platforms such as Microsoft Lync*, Cisco WebEx*, Citrix GoToMeeting* and Google Hangouts* with no change or upgrade required. It features touch-enabled controls that allow all participants to see what they want within the whole visual field, in real time and independently of each other.
About Intel Capital
Intel Capital, Intel’s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,339 companies in 55 countries. In that timeframe, 206 portfolio companies have gone public on various exchanges around the world and 344 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.
About Altia Systems
Altia Systems™ (altiasystems.com) is a venture-backed company based in Cupertino, California, and creator the PanaCast™ solution. The award-winning PanaCast™ offers a unique experience that enables anyone on desktop or mobile to communicate in interactive, real-time Panoramic-HD 2000 replicates the human panoramic perspective.
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Intel and the Intel logo are trademarks of Intel Corporation in the United States and other countries.
*Other names and brands may be claimed as the property of others.
PanaCast and Altia Systems are trademarks of Altia Systems, Inc.
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