Qualcomm Ventures

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]

• Official website