Qualcomm Ventures

Last updated
Qualcomm Ventures
Company type Corporate venture fund
Founded2000
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.qualcommventures.com OOjs UI icon edit-ltr-progressive.svg

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.

Contents

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 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]

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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.
  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. Retrieved 2021-07-26.
  12. John Koetsier (2021-07-27). "Softbank Leads $200M Investment Into Printable Battery-Free IoT Startup Wiliot". Forbes . Retrieved 2022-07-08.
  13. 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.