Qualcomm Ventures

Qualcomm Ventures
Company type
Corporate venture fund
Founded2000
Headquarters
San Diego, California
,
United States
Number of locations
7 locations: San Diego, San Francisco, Israel, Europe, China, India, Latin America, Korea
Key people
Quinn Li
(Global Head)
Websitewww.qualcommventures.com Edit this at Wikidata

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

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 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.[12]

References

  1. ^ Freeman, Mike (2020-11-12). "Qualcomm Ventures backs four startups working to advance 5G". San Diego Union-Tribune. Retrieved 2021-07-26.
  2. ^ "Didi confirms it has acquired 99 in Brazil to expand in Latin America". TechCrunch. 2018-01-03.
  3. ^ "GM Buying Self-Driving Tech Startup for More Than $1 Billion". Fortune. 2016-03-11.
  4. ^ "Fitbit is now worth $4.1 billion after IPO". CNN Money. 2015-06-25. Archived from the original on June 18, 2015.
  5. ^ "Amazon is buying smart doorbell maker Ring". TechCrunch. 2018-02-28.
  6. ^ "Google Bought Waze For $1.1B, Giving A Social Data Boost To Its Mapping Business". TechCrunch. 2013-06-11.
  7. ^ "Qualcomm sets up $100 million fund to invest in AI startups". Reuters. 2018-11-28. Retrieved 2021-07-26.
  8. ^ "Qualcomm Ventures is dedicating $100M to AI investments". TechCrunch. Retrieved 2018-11-29.
  9. ^ "FloLive, an IoT startup building cloud-based private 5G networks, raises $15.5M led by Intel". TechCrunch. 30 June 2021. Retrieved 2021-07-26.
  10. ^ Tiefenthaler, Federica (26 July 2021). "Resolution Games' $25M Series C Funding Round". Retrieved 2021-07-26.
  11. ^ "Resolution Games raises $25M on heels of Demeo's success". VentureBeat. 2021-07-14. Archived from the original on 2021-07-26. Retrieved 2021-07-26.
  12. ^ 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.

Content Disclaimer

Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.

  1. The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
  2. There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
  3. It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
  4. Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
  5. Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.