Intel Capital invests in Chennai media tech firm

Intel Capital, the venture capital investment arm of Intel Corp, has invested a part of its $ 250 million India Technology Fund in chennai-based IT firm, Real Image Technologies.

Real image specialises in digital media techologies for film, video, audio animation industry.

"We will continue to invest in indian IT fims, as we are getting huge returns from India and the IT market here is really booming. We are looking for investments in the area of chip design, wimax and services space," Arvind Sodhani, president of Intel Capital, said.

Sodhani, however, did not disclose the amount invested by the fund in Real Image Technologies.

In December last year, Intel had announced its India Technology Fund, aimed at investing in IT and software firms in the country. Intel has so far made five investments under this fund.