Intel Capital, the investment branch of Intel, strengthened its Connected Car Fund today. Though the terms were not disclosed, Intel Capital confirmed today that it invested in ZMP, a Tokyo-based firm specializing in automated driving technology.
The potential for collaboration was summarized by Elliot Garbus, vice-president and general manager of Intel’s Automotive Solutions Division, who said via the press release, “A tremendous amount of computing capability is required to deliver advanced driving experiences, including managing sensor networks, conducting real-time data analytics, and turning that data into actionable information. By utilizing Intel technology, ZMP can push the limits in automotive innovation and deliver technology that will enable safer driving experiences.”
Intel Capital is no stranger to the Japanese market, having invested over US$440 million in more than 40 technology companies in Japan since 1999. Japan is an advocate for automated car technology; Prime Minister Abe took a ride through Tokyo in a Nissan Leaf last year. We have reached out to Intel Capital for further comment and will update this story pending their response.
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