Qualcomm Ventures
Investment arm of Qualcomm
From Wikipedia, the free encyclopedia
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.
 | |
| 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 |
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]