Intel Invests in Digital Audio Tech Company Octiv
Intel Capital said today it made an unspecified
investment in digital audio technology developer
Octiv. Berkeley, Calif.-based Octiv develops
technology that it claims reduces the amount of
bandwidth required to deliver streaming and
downloadable audio by reducing the size of the
audio file, at the same time enhancing the audio
quality. The company plans to use the funds to
further develop its applications. Earlier this year,
Octiv received $6 million in second-round funding
from FG II, Novus Ventures and 3i. Intel Capital
invests in dozens of companies in the computer,
Internet and communications industries.
