The Russian Venture Company intends to buy a minority share in the American company Soft Machines, the newspaper Kommersant reports.

The board of directors of the Russian Venture Company has decided to give a loan to the fund Russian Venture Capital I for buying at least 3.5% shares in the American company Soft Machines Inc. The $5m loan for the deal will be provided for ten years.

There is not much information on Soft Machines, the company discloses that it works “in the mode, concealed from outsiders’ eyes”. Soft Machines was founded in 2006 by Mohammed Abdallah and Mahesh Lingareddi, both from Intel. While working in Intel, Mr. Abdallah registered about 30 patents, related to microchip technologies. Considering patent applications from Soft Machines, the company continues working on multi-flow technologies in processors. These patents are in the trend of modern technologies, the source, close to Intel, said.

In August 2010 Soft Machines also submitted an application on registration of trademark of SWMARE microchips. Soft Machines’ representative offices are located in California and India. Since 2007 Soft Machines has raised over $20m from investors, including Advanced Technology Investment Company. According to Manta.com, the company’s annual revenue averages between $500,000 to $1m.

Trends of recent years is the search of breakthrough technologies, including the ones in the sector of memory, Dmitry Lisenkov, the managing director of Rusnano, said. According to him, venture investors prefer to invest into fabless companies that only work on design and development and outsource the production process.