Qualcomm Ventures
 | |
| Company type | Corporate venture fund |
|---|---|
| Founded | 2000 |
| Headquarters | , |
Number of locations | 7 locations: San Diego, San Francisco, Israel, Europe, China, India, Latin America, Korea |
Key people | Quinn Li (Global Head) |
| Website | www |
Qualcomm Ventures is the investment arm of Qualcomm Incorporated. Founded in 2000, Qualcomm Ventures is a corporate venture capital fund with 140+ active portfolio companies.[1] Investing in startups targeting the wireless ecosystem, the group focuses on investments in the sectors of automotive, data center and enterprise, digital health, Internet of Things (IoT), and mobile.
History
[edit]Qualcomm Ventures has experienced seven portfolio company exits of $1 billion, including 99 (app),[2] Cruise Automation,[3] Fitbit,[4] Invensense, NQ Mobile, and Ring,[5] Waze.[6]
In November, 2018, Qualcomm Ventures announced it has plans to invest up to $100 million in artificial intelligence.[7] It will provide capital to startups building on-device AI, which is AI that runs on the end device, like a smartphone or vehicle, rather than in the cloud.[8]
In June, 2021, Qualcomm Ventures invested into London-based FloLive IoT startup together with Intel Capital, Dell Technologies and other VCs.[9]
In July, 2021, Qualcomm Ventures co-led the Series C funding round of $25 million for the Swedish VR games studio Resolution Games. It has brought the company’s total funding to $38.5 million.[10][11]
In 2021, Qualcomm Ventures took part in a $200M investment into supply chain technology startup Wiliot. [12]
In July 2023, the United States House Select Committee on Strategic Competition between the United States and the Chinese Communist Party initiated an investigation into Qualcomm Ventures and other venture-capital firms' investments in China.[13]
References
[edit]- ^ Freeman, Mike (2020-11-12). "Qualcomm Ventures backs four startups working to advance 5G". San Diego Union-Tribune. Retrieved 2021-07-26.
- ^ "Didi confirms it has acquired 99 in Brazil to expand in Latin America". TechCrunch. 2018-01-03.
- ^ "GM Buying Self-Driving Tech Startup for More Than $1 Billion". Fortune. 2016-03-11.
- ^ "Fitbit is now worth $4.1 billion after IPO". CNN Money. 2015-06-25.
- ^ "Amazon is buying smart doorbell maker Ring". TechCrunch. 2018-02-28.
- ^ "Google Bought Waze For $1.1B, Giving A Social Data Boost To Its Mapping Business". TechCrunch. 2013-06-11.
- ^ "Qualcomm sets up $100 million fund to invest in AI startups". Reuters. 2018-11-28. Retrieved 2021-07-26.
- ^ "Qualcomm Ventures is dedicating $100M to AI investments". TechCrunch. Retrieved 2018-11-29.
- ^ "FloLive, an IoT startup building cloud-based private 5G networks, raises $15.5M led by Intel". TechCrunch. 30 June 2021. Retrieved 2021-07-26.
- ^ Tiefenthaler, Federica (26 July 2021). "Resolution Games' $25M Series C Funding Round". Retrieved 2021-07-26.
- ^ "Resolution Games raises $25M on heels of Demeo's success". VentureBeat. 2021-07-14. Retrieved 2021-07-26.
- ^ John Koetsier (2021-07-27). "Softbank Leads $200M Investment Into Printable Battery-Free IoT Startup Wiliot". Forbes. Retrieved 2022-07-08.
- ^ O’Keeffe, Kate; Jin, Berber (2023-07-19). "U.S. Venture Firms' Deals in China Tech Investigated by Congress Panel". The Wall Street Journal. ISSN 0099-9660. Retrieved 2023-07-19.